Hotchkis & Wiley Capital Management LLC Has $4.95 Million Position in Quad/Graphics, Inc. (NYSE:QUAD)

Hotchkis & Wiley Capital Management LLC lowered its holdings in shares of Quad/Graphics, Inc. (NYSE:QUAD) by 33.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,091,250 shares of the business services provider’s stock after selling 548,833 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 2.09% of Quad/Graphics worth $4,954,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Quad/Graphics by 0.6% during the first quarter. Vanguard Group Inc. now owns 1,767,528 shares of the business services provider’s stock worth $9,386,000 after buying an additional 11,139 shares in the last quarter. LSV Asset Management boosted its stake in Quad/Graphics by 4.2% during the second quarter. LSV Asset Management now owns 1,165,265 shares of the business services provider’s stock worth $6,351,000 after buying an additional 46,882 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Quad/Graphics by 1.7% in the 2nd quarter. Renaissance Technologies LLC now owns 777,300 shares of the business services provider’s stock valued at $4,236,000 after purchasing an additional 13,200 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Quad/Graphics by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 279,486 shares of the business services provider’s stock valued at $1,269,000 after purchasing an additional 14,204 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in shares of Quad/Graphics by 3.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 232,999 shares of the business services provider’s stock valued at $1,058,000 after purchasing an additional 7,914 shares in the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on QUAD. Barrington Research restated an “outperform” rating and issued a $10.00 target price on shares of Quad/Graphics in a research note on Tuesday, November 26th. StockNews.com upgraded shares of Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 26th. Finally, Rosenblatt Securities boosted their target price on shares of Quad/Graphics from $7.70 to $10.30 and gave the company a “buy” rating in a research note on Monday, November 25th.

Quad/Graphics Stock Performance

Quad/Graphics stock opened at $8.79 on Friday. The stock has a 50-day simple moving average of $6.35 and a 200 day simple moving average of $5.46. The company has a quick ratio of 0.56, a current ratio of 0.85 and a debt-to-equity ratio of 8.35. Quad/Graphics, Inc. has a 12-month low of $4.06 and a 12-month high of $9.13. The stock has a market capitalization of $458.13 million, a price-to-earnings ratio of -5.33 and a beta of 1.59.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings results on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Quad/Graphics had a positive return on equity of 42.63% and a negative net margin of 2.82%. The business had revenue of $674.80 million during the quarter, compared to analysts’ expectations of $654.90 million. During the same period in the previous year, the business posted $0.11 earnings per share. On average, research analysts anticipate that Quad/Graphics, Inc. will post 0.84 earnings per share for the current fiscal year.

Quad/Graphics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.28%. Quad/Graphics’s dividend payout ratio is -12.12%.

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.