Voya Investment Management LLC lifted its stake in LSC Communications Inc (NASDAQ:LKSD) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,812 shares of the company’s stock after purchasing an additional 946 shares during the quarter. Voya Investment Management LLC’s holdings in LSC Communications were worth $317,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of LSC Communications in the second quarter valued at approximately $138,000. Sei Investments Co. increased 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 valued at $139,000 after purchasing an additional 2,263 shares during the last quarter. State of Alaska Department of Revenue increased 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 valued at $142,000 after purchasing an additional 3,062 shares during the last quarter. Municipal Employees Retirement System of Michigan increased 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 valued at $172,000 after purchasing an additional 1,950 shares during the last quarter. Finally, Airain ltd acquired a new stake in shares of LSC Communications in the second quarter valued at approximately $256,000.
Several research firms recently commented on LKSD. Citigroup Inc. cut LSC Communications from a “neutral” rating to a “sell” rating in a report on Friday, September 29th. BidaskClub raised LSC Communications from a “strong sell” rating to a “sell” rating in a report on Friday, October 27th. J P Morgan Chase & Co began coverage on LSC Communications in a report on Friday, July 21st. They issued a “neutral” rating for the company. Finally, Zacks Investment Research raised LSC Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.00.
Shares of LSC Communications Inc (NASDAQ LKSD) opened at $13.74 on Tuesday. LSC Communications Inc has a one year low of $13.74 and a one year high of $30.74.
LSC Communications (NASDAQ:LKSD) last posted its earnings results on Thursday, November 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $928.67 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.00 annualized dividend and a yield of 7.28%.
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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.
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