OxFORD Asset Management LLP decreased its holdings in shares of Acco Brands Corporation (NYSE:ACCO) by 30.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,499 shares of the industrial products company’s stock after selling 88,571 shares during the quarter. OxFORD Asset Management LLP owned about 0.18% of Acco Brands Corporation worth $2,359,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. New York State Teachers Retirement System grew its stake in shares of Acco Brands Corporation by 1.1% in the first quarter. New York State Teachers Retirement System now owns 9,400 shares of the industrial products company’s stock valued at $124,000 after buying an additional 100 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Acco Brands Corporation by 0.6% in the second quarter. Suntrust Banks Inc. now owns 53,422 shares of the industrial products company’s stock valued at $622,000 after buying an additional 313 shares in the last quarter. Amalgamated Bank grew its stake in shares of Acco Brands Corporation by 2.6% in the second quarter. Amalgamated Bank now owns 13,703 shares of the industrial products company’s stock valued at $160,000 after buying an additional 349 shares in the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Acco Brands Corporation by 4.0% in the second quarter. Virginia Retirement Systems ET AL now owns 10,500 shares of the industrial products company’s stock valued at $122,000 after buying an additional 400 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Acco Brands Corporation by 8.3% in the first quarter. Victory Capital Management Inc. now owns 8,125 shares of the industrial products company’s stock valued at $107,000 after buying an additional 625 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Acco Brands Corporation (NYSE ACCO) opened at 12.60 on Friday. The firm has a market capitalization of $1.37 billion, a PE ratio of 25.10 and a beta of 1.40. Acco Brands Corporation has a 1-year low of $9.06 and a 1-year high of $14.75. The company’s 50-day moving average price is $11.39 and its 200 day moving average price is $12.01.

Acco Brands Corporation (NYSE:ACCO) last announced its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. Acco Brands Corporation had a return on equity of 15.03% and a net margin of 3.25%. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $497.17 million. During the same period in the prior year, the firm earned $0.25 EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, equities analysts anticipate that Acco Brands Corporation will post $1.10 EPS for the current year.

In other Acco Brands Corporation news, VP Neal V. Fenwick bought 12,313 shares of the stock in a transaction dated Thursday, August 3rd. The stock was bought at an average cost of $10.60 per share, for a total transaction of $130,517.80. Following the completion of the purchase, the vice president now directly owns 423,311 shares of the company’s stock, valued at $4,487,096.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory J. Mccormack sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $10.95, for a total value of $273,750.00. Following the sale, the insider now owns 63,889 shares of the company’s stock, valued at $699,584.55. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by corporate insiders.

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ACCO has been the subject of a number of research reports. Zacks Investment Research cut Acco Brands Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub raised Acco Brands Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. BWS Financial reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Acco Brands Corporation in a research note on Tuesday, July 4th. Finally, ValuEngine cut Acco Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.

Acco Brands Corporation Company Profile

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

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Institutional Ownership by Quarter for Acco Brands Corporation (NYSE:ACCO)

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