Quad/Graphics, Inc. (NYSE:QUAD) Sees Large Decline in Short Interest

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Quad/Graphics, Inc. (NYSE:QUAD) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 4,394,800 shares, a decline of 11.7% from the July 31st total of 4,979,400 shares. Based on an average trading volume of 626,800 shares, the days-to-cover ratio is currently 7.0 days. Currently, 13.9% of the shares of the stock are short sold.

QUAD stock traded up $0.11 on Friday, reaching $11.11. The company had a trading volume of 322,000 shares, compared to its average volume of 511,854. Quad/Graphics has a 1 year low of $7.22 and a 1 year high of $22.36. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.72 and a current ratio of 1.06. The company’s fifty day moving average is $9.67 and its 200 day moving average is $10.33. The company has a market cap of $567.59 million, a P/E ratio of 6.21 and a beta of 1.72.

Quad/Graphics (NYSE:QUAD) last posted its earnings results on Tuesday, July 30th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.08. Quad/Graphics had a positive return on equity of 8.55% and a negative net margin of 0.82%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Quad/Graphics’s revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Quad/Graphics will post 0.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 19th were issued a $0.30 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.20 annualized dividend and a yield of 10.80%. Quad/Graphics’s dividend payout ratio (DPR) is presently 67.04%.

In related news, Director John C. Fowler sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $11.19, for a total value of $111,900.00. Following the sale, the director now owns 117,587 shares of the company’s stock, valued at approximately $1,315,798.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kathryn Quadracci Flores sold 4,974 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $10.67, for a total value of $53,072.58. The disclosure for this sale can be found here. Insiders have sold a total of 17,074 shares of company stock worth $189,186 in the last three months. Corporate insiders own 10.85% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Oak Wealth Management Inc. raised its holdings in Quad/Graphics by 66.7% in the 2nd quarter. Northern Oak Wealth Management Inc. now owns 5,000 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 2,000 shares during the last quarter. Bank of Montreal Can raised its holdings in Quad/Graphics by 54.0% in the 2nd quarter. Bank of Montreal Can now owns 6,533 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 2,292 shares during the last quarter. Independent Advisor Alliance acquired a new position in Quad/Graphics in the 2nd quarter valued at $130,000. BNP Paribas Arbitrage SA raised its holdings in Quad/Graphics by 52.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 11,431 shares of the business services provider’s stock valued at $136,000 after acquiring an additional 3,933 shares during the last quarter. Finally, Annex Advisory Services LLC raised its holdings in Quad/Graphics by 77.9% in the 2nd quarter. Annex Advisory Services LLC now owns 19,323 shares of the business services provider’s stock valued at $153,000 after acquiring an additional 8,464 shares during the last quarter. Institutional investors own 58.99% of the company’s stock.

A number of equities research analysts recently issued reports on QUAD shares. Buckingham Research reduced their target price on Quad/Graphics from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Zacks Investment Research raised Quad/Graphics from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine raised Quad/Graphics from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st.

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, books, 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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