Sei Investments Co. trimmed its holdings in shares of LSC Communications Inc (NYSE:LKSD) by 38.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,670 shares of the company’s stock after selling 13,736 shares during the quarter. Sei Investments Co.’s holdings in LSC Communications were worth $378,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers raised its position in shares of LSC Communications by 4.3% during the 1st quarter. Rhumbline Advisers now owns 83,782 shares of the company’s stock valued at $1,462,000 after buying an additional 3,417 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of LSC Communications during the 1st quarter valued at about $529,000. Wells Fargo & Company MN raised its position in shares of LSC Communications by 35.0% during the 1st quarter. Wells Fargo & Company MN now owns 485,162 shares of the company’s stock valued at $8,466,000 after buying an additional 125,704 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of LSC Communications during the 1st quarter valued at about $378,000. Finally, BlackRock Inc. raised its position in shares of LSC Communications by 1.2% during the 1st quarter. BlackRock Inc. now owns 4,878,645 shares of the company’s stock valued at $85,134,000 after buying an additional 58,748 shares in the last quarter. Hedge funds and other institutional investors own 84.37% of the company’s stock.
LSC Communications opened at $16.05 on Wednesday, MarketBeat reports. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.04 and a current ratio of 1.36. LSC Communications Inc has a 1-year low of $11.58 and a 1-year high of $21.95. The stock has a market capitalization of $554.04 million, a P/E ratio of 9.30, a PEG ratio of 5.03 and a beta of -0.46.
LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Thursday, May 3rd. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.28). LSC Communications had a positive return on equity of 22.60% and a negative net margin of 1.81%. The firm had revenue of $929.00 million during the quarter, compared to analysts’ expectations of $873.77 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. sell-side analysts expect that LSC Communications Inc will post 2.33 EPS for the current fiscal year.
LKSD has been the topic of several recent research reports. Citigroup decreased their target price on shares of LSC Communications from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, May 4th. Wells Fargo & Co decreased their target price on shares of LSC Communications from $19.00 to $17.00 and set a “market perform” rating on the stock in a research report on Monday, June 25th. Zacks Investment Research cut shares of LSC Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Buckingham Research initiated coverage on shares of LSC Communications in a research report on Monday, June 25th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Bank of America cut shares of LSC Communications from a “neutral” rating to an “underperform” rating in a research report on Monday, April 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. LSC Communications presently has a consensus rating of “Hold” and a consensus price target of $17.67.
LSC Communications Company Profile
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.
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