Hotchkis & Wiley Capital Management LLC Sells 548,833 Shares of Quad/Graphics, Inc. (NYSE:QUAD)

Hotchkis & Wiley Capital Management LLC lessened its holdings in shares of Quad/Graphics, Inc. (NYSE:QUAD - Free Report) by 33.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,091,250 shares of the business services provider's stock after selling 548,833 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 2.09% of Quad/Graphics worth $4,954,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QUAD. Martingale Asset Management L P lifted its stake in shares of Quad/Graphics by 5.4% in the 3rd quarter. Martingale Asset Management L P now owns 93,712 shares of the business services provider's stock valued at $425,000 after purchasing an additional 4,808 shares during the period. BNP Paribas Financial Markets raised its holdings in Quad/Graphics by 450.4% in the third quarter. BNP Paribas Financial Markets now owns 47,155 shares of the business services provider's stock worth $214,000 after purchasing an additional 38,588 shares in the last quarter. FMR LLC lifted its position in Quad/Graphics by 1,103.6% during the third 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 during the period. Empowered Funds LLC boosted its holdings in shares of Quad/Graphics by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 279,486 shares of the business services provider's stock valued at $1,269,000 after buying an additional 14,204 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of Quad/Graphics by 125.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 72,538 shares of the business services provider's stock worth $329,000 after buying an additional 40,363 shares during the period. Hedge funds and other institutional investors own 39.52% of the company's stock.

Analysts Set New Price Targets

QUAD has been the topic of several research reports. Rosenblatt Securities boosted their price objective on shares of Quad/Graphics from $7.70 to $10.30 and gave the stock a "buy" rating in a research note on Monday, November 25th. StockNews.com upgraded Quad/Graphics from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 26th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $10.00 price objective on shares of Quad/Graphics in a research report on Tuesday, November 26th.

Quad/Graphics Stock Down 1.7 %

Quad/Graphics stock traded down $0.15 during trading hours on Friday, hitting $8.64. The stock had a trading volume of 406,672 shares, compared to its average volume of 184,854. The stock's 50-day moving average price is $6.35 and its 200-day moving average price is $5.46. The stock has a market capitalization of $450.32 million, a P/E ratio of -5.33 and a beta of 1.59. Quad/Graphics, Inc. has a 12-month low of $4.06 and a 12-month high of $9.13. 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 (NYSE:QUAD - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $654.90 million. During the same period in the prior year, the firm posted $0.11 EPS. Equities research analysts anticipate that Quad/Graphics, Inc. will post 0.84 EPS for the current fiscal year.

Quad/Graphics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 18th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a yield of 2.31%. Quad/Graphics's dividend payout ratio (DPR) is -12.12%.

About Quad/Graphics

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.