Exchange Traded Concepts LLC Sells 4,775 Shares of Quad Graphics, Inc $QUAD

Exchange Traded Concepts LLC cut its position in shares of Quad Graphics, Inc (NYSE:QUAD) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 244,921 shares of the business services provider’s stock after selling 4,775 shares during the period. Exchange Traded Concepts LLC owned about 0.48% of Quad Graphics worth $1,384,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Invst LLC bought a new stake in shares of Quad Graphics during the first quarter valued at approximately $1,883,000. Strs Ohio bought a new stake in shares of Quad Graphics during the first quarter worth $475,000. Focus Partners Wealth bought a new stake in shares of Quad Graphics during the first quarter worth $144,000. Empowered Funds LLC grew its holdings in shares of Quad Graphics by 7.3% during the first quarter. Empowered Funds LLC now owns 315,209 shares of the business services provider’s stock worth $1,718,000 after purchasing an additional 21,448 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in shares of Quad Graphics by 1,135.6% during the first quarter. Jones Financial Companies Lllp now owns 18,941 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 17,408 shares during the period. 39.52% of the stock is currently owned by institutional investors.

Quad Graphics Stock Up 1.9%

NYSE:QUAD opened at $6.70 on Tuesday. The company has a debt-to-equity ratio of 4.85, a quick ratio of 0.64 and a current ratio of 0.92. The company has a market cap of $337.90 million, a PE ratio of -20.92 and a beta of 1.44. Quad Graphics, Inc has a 52-week low of $4.47 and a 52-week high of $9.13. The stock has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $5.72.

Quad Graphics (NYSE:QUAD) last posted its quarterly earnings data on Tuesday, July 29th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $571.90 million during the quarter, compared to the consensus estimate of $555.05 million. Quad Graphics had a positive return on equity of 70.06% and a negative net margin of 0.55%. On average, sell-side analysts expect that Quad Graphics, Inc will post 1.08 EPS for the current fiscal year.

Quad Graphics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 18th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, August 18th. Quad Graphics’s dividend payout ratio (DPR) is currently -93.75%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QUAD. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price target on shares of Quad Graphics in a research note on Tuesday, July 29th. Wall Street Zen lowered Quad Graphics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Rosenblatt Securities cut their price target on Quad Graphics from $8.90 to $8.60 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Quad Graphics presently has a consensus rating of “Buy” and a consensus target price of $9.30.

Quad Graphics 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.