First Quadrant L P CA reduced its stake in LSC Communications Inc (NASDAQ:LKSD) by 31.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,422 shares of the company’s stock after selling 46,218 shares during the period. First Quadrant L P CA owned approximately 0.29% of LSC Communications worth $2,128,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LKSD. Nuveen Asset Management LLC increased its stake in shares of LSC Communications by 91.7% in the first quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock valued at $21,252,000 after buying an additional 404,126 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of LSC Communications by 4.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,825 shares of the company’s stock valued at $296,000 after buying an additional 600 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of LSC Communications by 4.3% in the second quarter. Capstone Asset Management Co. now owns 15,953 shares of the company’s stock valued at $341,000 after buying an additional 656 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of LSC Communications by 85.3% in the second quarter. State of Alaska Department of Revenue now owns 6,652 shares of the company’s stock valued at $142,000 after buying an additional 3,062 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of LSC Communications by 157.7% in the second quarter. Bank of Montreal Can now owns 82,401 shares of the company’s stock valued at $1,763,000 after buying an additional 50,429 shares in the last quarter.

Shares of LSC Communications Inc (LKSD) traded down 1.28% on Friday, hitting $15.44. The stock had a trading volume of 211,963 shares. LSC Communications Inc has a one year low of $15.07 and a one year high of $37.40. The stock has a market capitalization of $538.72 million and a PE ratio of 10.15. The firm’s 50 day moving average is $19.45 and its 200-day moving average is $22.92.

LSC Communications (NASDAQ:LKSD) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by $0.09. The business had revenue of $848 million for the quarter, compared to analyst estimates of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. LSC Communications’s revenue was down 6.4% compared to the same quarter last year. Equities research analysts expect that LSC Communications Inc will post $2.15 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date is Friday, August 11th.

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LKSD has been the subject of several research analyst reports. Citigroup Inc. began coverage on LSC Communications in a research note on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 price objective for the company. J P Morgan Chase & Co began coverage on LSC Communications in a research report on Friday, July 21st. They issued a “neutral” rating on the stock. Zacks Investment Research lowered LSC Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Finally, Bank of America Corporation began coverage on LSC Communications in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 target price on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.00.

In other LSC Communications news, Director Shivan S. Subramaniam purchased 5,000 shares of the stock in a transaction on Friday, August 4th. The shares were purchased at an average price of $17.18 per share, with a total value of $85,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

About LSC Communications

LSC Communications, Inc focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories.

Institutional Ownership by Quarter for LSC Communications (NASDAQ:LKSD)

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