LSC Communications Inc (LKSD) Holdings Maintained by Capital Research Global Investors
Capital Research Global Investors maintained its position in shares of LSC Communications Inc (NASDAQ:LKSD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,381 shares of the company’s stock at the end of the second quarter. Capital Research Global Investors owned approximately 0.80% of LSC Communications worth $5,957,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of LSC Communications in the second quarter worth about $138,000. Sei Investments Co. raised its stake in shares of LSC Communications by 53.3% in the second quarter. Sei Investments Co. now owns 6,508 shares of the company’s stock worth $139,000 after buying an additional 2,263 shares during the period. State of Alaska Department of Revenue raised 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 worth $142,000 after buying an additional 3,062 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of LSC Communications by 32.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,020 shares of the company’s stock worth $172,000 after buying an additional 1,950 shares during the period. Finally, AHL Partners LLP raised its stake in shares of LSC Communications by 0.7% in the second quarter. AHL Partners LLP now owns 9,967 shares of the company’s stock worth $213,000 after buying an additional 72 shares during the period.
LKSD has been the topic of several recent research reports. Zacks Investment Research raised LSC Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. BidaskClub raised LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Citigroup Inc. downgraded LSC Communications from a “neutral” rating to a “sell” rating in a research note on Friday, September 29th. Finally, J P Morgan Chase & Co initiated coverage on LSC Communications in a research note on Friday, July 21st. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.
In related news, Director Shivan S. Subramaniam bought 5,000 shares of the stock in a transaction dated Friday, August 4th. The shares were purchased at an average price of $17.18 per share, for a total transaction of $85,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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LSC Communications Inc (LKSD) opened at 16.49 on Monday. The company has a market cap of $575.35 million and a P/E ratio of 10.84. The stock has a 50 day moving average price of $16.82 and a 200 day moving average price of $16.82. LSC Communications Inc has a 1-year low of $15.05 and a 1-year high of $30.74.
LSC Communications (NASDAQ:LKSD) last issued its earnings results on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.09). LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The company had revenue of $848.00 million during the quarter, compared to analysts’ expectations of $876.38 million. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that LSC Communications Inc will post $2.15 EPS for the current fiscal year.
LSC Communications Company Profile
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.
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