Connor Clark & Lunn Investment Management Ltd. cut its stake in Quad/Graphics, Inc. (NYSE:QUAD – Get Rating) by 56.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,539 shares of the business services provider’s stock after selling 91,832 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of Quad/Graphics worth $194,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of QUAD. JPMorgan Chase & Co. grew its holdings in shares of Quad/Graphics by 56.3% during the 1st quarter. JPMorgan Chase & Co. now owns 125,961 shares of the business services provider’s stock worth $874,000 after purchasing an additional 45,347 shares during the period. 55I LLC purchased a new position in shares of Quad/Graphics during the 1st quarter worth $76,000. Bank of New York Mellon Corp grew its holdings in shares of Quad/Graphics by 7.4% during the 1st quarter. Bank of New York Mellon Corp now owns 95,391 shares of the business services provider’s stock worth $662,000 after purchasing an additional 6,573 shares during the period. American Century Companies Inc. grew its holdings in shares of Quad/Graphics by 33.2% during the 1st quarter. American Century Companies Inc. now owns 107,017 shares of the business services provider’s stock worth $743,000 after purchasing an additional 26,661 shares during the period. Finally, Running Point Capital Advisors LLC purchased a new position in shares of Quad/Graphics during the 1st quarter worth $69,000. 37.33% of the stock is currently owned by hedge funds and other institutional investors.
Quad/Graphics Stock Performance
Shares of Quad/Graphics stock opened at $3.50 on Friday. The business has a 50-day moving average of $2.93 and a 200 day moving average of $3.41. Quad/Graphics, Inc. has a 12 month low of $2.12 and a 12 month high of $7.55. The stock has a market capitalization of $189.67 million, a price-to-earnings ratio of -58.32 and a beta of 1.69. The company has a debt-to-equity ratio of 4.91, a current ratio of 1.02 and a quick ratio of 0.59.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Quad/Graphics from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd.
Quad/Graphics Company Profile
Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.
- Get a free copy of the StockNews.com research report on Quad/Graphics (QUAD)
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