Public Sector Pension investment Board lowered its stake in LSC Communications Inc (NASDAQ:LKSD) by 8.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,775 shares of the company’s stock after selling 1,600 shares during the period. Public Sector Pension investment Board’s holdings in LSC Communications were worth $359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of LSC Communications in the second quarter worth $138,000. Sei Investments Co. raised its holdings 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 last quarter. State of Alaska Department of Revenue raised its holdings 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 last quarter. Municipal Employees Retirement System of Michigan raised its holdings 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 last quarter. Finally, Airain ltd purchased a new position in shares of LSC Communications in the second quarter worth $256,000.

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In other LSC Communications news, Director Shivan S. Subramaniam purchased 3,500 shares of LSC Communications stock in a transaction that occurred on Monday, September 11th. The stock was purchased at an average price of $16.41 per share, for a total transaction of $57,435.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of LSC Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. J P Morgan Chase & Co assumed coverage on shares of LSC Communications in a report on Friday, July 21st. They set a “neutral” rating for the company. Citigroup Inc. cut shares of LSC Communications from a “neutral” rating to a “sell” rating in a report on Friday, September 29th. Finally, BidaskClub raised shares of LSC Communications from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.00.

LSC Communications Inc (NASDAQ:LKSD) opened at 16.43 on Friday. The stock has a market cap of $573.26 million and a PE ratio of 10.80. LSC Communications Inc has a one year low of $15.05 and a one year high of $30.74. The company’s 50 day moving average is $16.77 and its 200 day moving average is $16.77.

LSC Communications (NASDAQ:LKSD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.09). LSC Communications had a net margin of 0.59% and a return on equity of 7.63%. The business had revenue of $848.00 million during the quarter, compared to analysts’ expectations of $876.38 million. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, equities research analysts expect that LSC Communications Inc will post $2.15 EPS for the current year.

LSC Communications 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.

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

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