Cipher Capital LP decreased its position in RR Donnelley & Sons Co (NASDAQ:RRD) by 77.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,964 shares of the business services provider’s stock after selling 40,598 shares during the quarter. Cipher Capital LP’s holdings in RR Donnelley & Sons Co were worth $150,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in RR Donnelley & Sons Co in the second quarter valued at approximately $117,000. Nisa Investment Advisors LLC raised its position in RR Donnelley & Sons Co by 229.8% in the second quarter. Nisa Investment Advisors LLC now owns 12,199 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 8,500 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in RR Donnelley & Sons Co in the second quarter valued at approximately $247,000. Balter Liquid Alternatives LLC purchased a new stake in RR Donnelley & Sons Co in the second quarter valued at approximately $306,000. Finally, BNP Paribas Arbitrage SA raised its position in RR Donnelley & Sons Co by 29.7% in the second quarter. BNP Paribas Arbitrage SA now owns 32,569 shares of the business services provider’s stock valued at $408,000 after purchasing an additional 7,454 shares during the period.

RR Donnelley & Sons Co (NASDAQ:RRD) opened at 9.61 on Wednesday. RR Donnelley & Sons Co has a 1-year low of $8.61 and a 1-year high of $24.64. The firm’s market cap is $672.70 million. The firm has a 50 day moving average of $9.81 and a 200 day moving average of $12.00.

RR Donnelley & Sons Co (NASDAQ:RRD) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.05). The company had revenue of $1.65 billion for the quarter. On average, equities research analysts expect that RR Donnelley & Sons Co will post $1.07 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date of this dividend was Friday, August 11th. RR Donnelley & Sons Co’s payout ratio is 196.23%.

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A number of brokerages have issued reports on RRD. BidaskClub raised RR Donnelley & Sons Co from a “strong sell” rating to a “sell” rating in a research report on Wednesday. ValuEngine upgraded shares of RR Donnelley & Sons Co from a “hold” rating to a “buy” rating in a research note on Friday, September 1st.

About RR Donnelley & Sons Co

R.R. Donnelley & Sons Company helps organizations communicate by working to create, manage, produce, distribute and process content on behalf of its customers. The Company’s segments include Variable Print, Strategic Services, International and Corporate. The Variable Print segment includes the Company’s United States short-run and transactional printing operations.

Institutional Ownership by Quarter for RR Donnelley & Sons Co (NASDAQ:RRD)

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