ACCO Brands Co. (NYSE:ACCO) Shares Bought by EMC Capital Management

EMC Capital Management grew its stake in shares of ACCO Brands Co. (NYSE:ACCOFree Report) by 91.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,574 shares of the industrial products company’s stock after buying an additional 13,631 shares during the quarter. EMC Capital Management’s holdings in ACCO Brands were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG grew its stake in shares of ACCO Brands by 20.0% in the 3rd quarter. Deutsche Bank AG now owns 56,184 shares of the industrial products company’s stock worth $322,000 after purchasing an additional 9,345 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ACCO Brands by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,353,607 shares of the industrial products company’s stock worth $13,510,000 after purchasing an additional 147,196 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of ACCO Brands by 581.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 552,971 shares of the industrial products company’s stock worth $3,174,000 after purchasing an additional 471,772 shares during the last quarter. Jump Financial LLC grew its stake in shares of ACCO Brands by 31.9% in the 3rd quarter. Jump Financial LLC now owns 108,268 shares of the industrial products company’s stock worth $621,000 after purchasing an additional 26,159 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of ACCO Brands by 110.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,187,604 shares of the industrial products company’s stock worth $6,817,000 after acquiring an additional 622,830 shares in the last quarter. 81.01% of the stock is currently owned by institutional investors.

ACCO Brands Stock Performance

ACCO stock opened at $6.54 on Tuesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.90 and a current ratio of 1.61. The stock has a market cap of $620.84 million, a P/E ratio of 11.28, a P/E/G ratio of 0.44 and a beta of 1.68. The firm has a 50 day simple moving average of $6.00 and a 200 day simple moving average of $5.58. ACCO Brands Co. has a 52 week low of $4.30 and a 52 week high of $6.59.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ACCO shares. Barrington Research dropped their target price on shares of ACCO Brands from $8.00 to $7.50 and set an “outperform” rating on the stock in a research report on Monday, December 4th. StockNews.com upgraded shares of ACCO Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st.

Read Our Latest Stock Report on ACCO

ACCO Brands Profile

(Free Report)

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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