Alliancebernstein L.P. Reduces Stake in Quad/Graphics, Inc. (NYSE:QUAD)

Alliancebernstein L.P. cut its stake in Quad/Graphics, Inc. (NYSE:QUAD - Free Report) by 92.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,540 shares of the business services provider's stock after selling 199,605 shares during the period. Alliancebernstein L.P.'s holdings in Quad/Graphics were worth $115,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in QUAD. SG Americas Securities LLC boosted its stake in Quad/Graphics by 16.1% during the 4th quarter. SG Americas Securities LLC now owns 13,851 shares of the business services provider's stock valued at $97,000 after purchasing an additional 1,922 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Quad/Graphics during the 4th quarter valued at about $116,000. FMR LLC lifted its stake in shares of Quad/Graphics by 1,103.6% during the 3rd quarter. FMR LLC now owns 22,050 shares of the business services provider's stock valued at $100,000 after buying an additional 20,218 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in shares of Quad/Graphics by 27.5% during the fourth quarter. Brandywine Global Investment Management LLC now owns 23,080 shares of the business services provider's stock worth $161,000 after purchasing an additional 4,980 shares in the last quarter. Finally, EMC Capital Management lifted its holdings in shares of Quad/Graphics by 835.7% in the fourth quarter. EMC Capital Management now owns 25,020 shares of the business services provider's stock worth $174,000 after buying an additional 22,346 shares in the last quarter. 39.52% of the stock is currently owned by institutional investors.

Quad/Graphics Price Performance

QUAD opened at $5.16 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35. The business's fifty day simple moving average is $5.66 and its 200-day simple moving average is $6.46. Quad/Graphics, Inc. has a 12-month low of $4.06 and a 12-month high of $9.13. The company has a market capitalization of $269.85 million, a price-to-earnings ratio of -4.73 and a beta of 1.52.

Quad/Graphics (NYSE:QUAD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.02). Quad/Graphics had a positive return on equity of 58.44% and a negative net margin of 1.90%. The firm had revenue of $708.40 million during the quarter, compared to analysts' expectations of $726.70 million. On average, equities research analysts anticipate that Quad/Graphics, Inc. will post 1.08 earnings per share for the current fiscal year.

Quad/Graphics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.82%. This is an increase from Quad/Graphics's previous quarterly dividend of $0.05. The ex-dividend date was Friday, February 28th. Quad/Graphics's dividend payout ratio is presently -27.52%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Rosenblatt Securities restated a "buy" rating and set a $10.30 price objective on shares of Quad/Graphics in a research report on Tuesday, February 18th. Barrington Research reiterated an "outperform" rating and issued a $10.00 price target on shares of Quad/Graphics in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of Quad/Graphics from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 2nd.

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.

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