Mackay Shields LLC lessened its position in RR Donnelley & Sons Co (NYSE:RRD) by 22.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 433,351 shares of the business services provider’s stock after selling 123,900 shares during the period. Mackay Shields LLC owned approximately 0.61% of RR Donnelley & Sons worth $1,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RRD. Luminus Management LLC bought a new stake in shares of RR Donnelley & Sons in the 2nd quarter worth $3,920,000. Invesco Ltd. grew its holdings in shares of RR Donnelley & Sons by 202.4% in the 2nd quarter. Invesco Ltd. now owns 2,088,976 shares of the business services provider’s stock worth $4,115,000 after acquiring an additional 1,398,161 shares during the last quarter. BlackRock Inc. grew its holdings in shares of RR Donnelley & Sons by 10.8% in the 2nd quarter. BlackRock Inc. now owns 12,426,672 shares of the business services provider’s stock worth $24,480,000 after acquiring an additional 1,211,147 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of RR Donnelley & Sons by 67.3% in the 2nd quarter. Acadian Asset Management LLC now owns 1,575,883 shares of the business services provider’s stock worth $3,104,000 after acquiring an additional 634,169 shares during the last quarter. Finally, Brigade Capital Management LP grew its holdings in shares of RR Donnelley & Sons by 38.9% in the 2nd quarter. Brigade Capital Management LP now owns 1,347,000 shares of the business services provider’s stock worth $2,653,000 after acquiring an additional 377,000 shares during the last quarter. 85.92% of the stock is currently owned by institutional investors.

In other RR Donnelley & Sons news, major shareholder Chatham Asset Management, Llc purchased 776,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average price of $2.03 per share, for a total transaction of $1,575,280.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 1,934,000 shares of company stock worth $4,127,960 in the last quarter. 1.07% of the stock is currently owned by corporate insiders.

Shares of NYSE RRD opened at $3.73 on Friday. The stock has a market capitalization of $264.46 million, a price-to-earnings ratio of 5.33 and a beta of 1.68. The stock’s fifty day simple moving average is $4.00 and its 200 day simple moving average is $2.88. RR Donnelley & Sons Co has a 52-week low of $1.67 and a 52-week high of $6.55.

RR Donnelley & Sons (NYSE:RRD) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.09. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.61 billion. RR Donnelley & Sons had a negative return on equity of 23.43% and a negative net margin of 0.40%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. As a group, sell-side analysts expect that RR Donnelley & Sons Co will post 0.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.03 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.22%. RR Donnelley & Sons’s dividend payout ratio is 17.14%.

Separately, Zacks Investment Research cut RR Donnelley & Sons from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

RR Donnelley & Sons Profile

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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

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