Strs Ohio bought a new position in shares of LSC Communications Inc (NASDAQ:LKSD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,300 shares of the company’s stock, valued at approximately $776,000. Strs Ohio owned 0.11% of LSC Communications as of its most recent SEC filing.
Several other large investors have also made changes to their positions in LKSD. State of Alaska Department of Revenue boosted 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 last quarter. Louisiana State Employees Retirement System boosted its stake in shares of LSC Communications by 4.5% in the second quarter. Louisiana State Employees Retirement System now owns 13,825 shares of the company’s stock worth $296,000 after buying an additional 600 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of LSC Communications by 4.3% in the second quarter. Capstone Asset Management Co. now owns 15,953 shares of the company’s stock worth $341,000 after buying an additional 656 shares during the last quarter. Aperio Group LLC boosted its stake in shares of LSC Communications by 5.0% in the second quarter. Aperio Group LLC now owns 16,658 shares of the company’s stock worth $356,000 after buying an additional 795 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in shares of LSC Communications by 171.0% in the second quarter. Meeder Asset Management Inc. now owns 22,969 shares of the company’s stock worth $492,000 after buying an additional 14,494 shares during the last quarter.
LSC Communications Inc (NASDAQ LKSD) opened at 15.44 on Friday. The stock has a market capitalization of $538.72 million and a PE ratio of 10.15. LSC Communications Inc has a 12-month low of $15.07 and a 12-month high of $37.40. The company’s 50-day moving average is $19.45 and its 200 day moving average is $22.92.
LSC Communications (NASDAQ:LKSD) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ 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 million during the quarter, compared to analyst estimates of $876.38 million. The firm’s revenue was down 6.4% on a year-over-year basis. On average, analysts predict that LSC Communications Inc will post $2.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Friday, August 11th.
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A number of equities research analysts have recently commented on LKSD shares. 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 started coverage on shares of LSC Communications in a report on Friday, July 21st. They issued a “neutral” rating for the company. Bank of America Corporation started coverage on shares of LSC Communications in a report on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 target price for the company. Finally, Citigroup Inc. started coverage on shares of LSC Communications in a report on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 target price for the company. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. LSC Communications presently has an average rating of “Hold” and an average target price of $24.00.
In other LSC Communications news, Director Shivan S. Subramaniam purchased 5,000 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average cost of $17.18 per share, with a total value of $85,900.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
About LSC Communications
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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