Sei Investments Co. raised its stake in RR Donnelley & Sons Co (NYSE:RRD) by 51.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,150 shares of the business services provider’s stock after acquiring an additional 8,847 shares during the period. Sei Investments Co.’s holdings in RR Donnelley & Sons were worth $229,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RRD. Towle & Co. grew its stake in shares of RR Donnelley & Sons by 34.3% in the first quarter. Towle & Co. now owns 4,357,750 shares of the business services provider’s stock worth $38,043,000 after acquiring an additional 1,112,164 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of RR Donnelley & Sons by 150.0% in the first quarter. JPMorgan Chase & Co. now owns 551,990 shares of the business services provider’s stock worth $4,818,000 after acquiring an additional 331,196 shares during the last quarter. WBI Investments Inc. purchased a new stake in shares of RR Donnelley & Sons in the first quarter worth $2,557,000. Bank of New York Mellon Corp grew its stake in shares of RR Donnelley & Sons by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,485,920 shares of the business services provider’s stock worth $13,820,000 after acquiring an additional 115,671 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of RR Donnelley & Sons by 22.2% in the fourth quarter. California Public Employees Retirement System now owns 628,253 shares of the business services provider’s stock worth $5,843,000 after acquiring an additional 114,340 shares during the last quarter. 82.50% of the stock is currently owned by hedge funds and other institutional investors.
Get RR Donnelley & Sons alerts:A number of research firms have recently commented on RRD. ValuEngine cut RR Donnelley & Sons from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Buckingham Research began coverage on RR Donnelley & Sons in a research note on Monday, June 25th. They issued a “neutral” rating and a $8.00 target price on the stock.
RR Donnelley & Sons opened at $5.79 on Friday, according to Marketbeat. RR Donnelley & Sons Co has a 12 month low of $5.49 and a 12 month high of $12.92. The firm has a market capitalization of $423.91 million, a PE ratio of 4.83 and a beta of 1.49. The company has a debt-to-equity ratio of -10.46, a quick ratio of 1.19 and a current ratio of 1.42.
RR Donnelley & Sons (NYSE:RRD) last released its earnings results on Tuesday, May 1st. The business services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). RR Donnelley & Sons had a negative return on equity of 37.45% and a net margin of 0.09%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company posted $0.17 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. equities analysts anticipate that RR Donnelley & Sons Co will post 1.05 earnings per share for the current year.
In other RR Donnelley & Sons news, Director Timothy R. Mclevish purchased 20,000 shares of the stock in a transaction dated Friday, May 4th. The shares were purchased at an average cost of $6.53 per share, with a total value of $130,600.00. Following the completion of the acquisition, the director now directly owns 18,466 shares in the company, valued at approximately $120,582.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.
About RR Donnelley & Sons
R.R. Donnelley & Sons Company, an integrated communications company, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The company operates through Variable Print, Strategic Services, and International segments. It offers commercial and digital print, direct mail, statement printing, logistics, sourcing, and digital and creative services, as well as produces and sells labels, forms, educational testing materials, inserts, and books.
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