LSC Communications Inc (NYSE:LKSD) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 2,040,500 shares, a drop of 33.3% from the June 30th total of 3,061,000 shares. Based on an average trading volume of 770,200 shares, the days-to-cover ratio is presently 2.6 days. Currently, 6.4% of the company’s stock are short sold.
In other LSC Communications news, Director Judith H. Hamilton acquired 50,000 shares of the stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $1.08 per share, with a total value of $54,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.58% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Quantamental Technologies LLC purchased a new stake in shares of LSC Communications in the first quarter valued at about $48,000. BNP Paribas Arbitrage SA boosted its holdings in shares of LSC Communications by 75.3% in the first quarter. BNP Paribas Arbitrage SA now owns 9,229 shares of the company’s stock valued at $60,000 after acquiring an additional 3,963 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of LSC Communications in the fourth quarter valued at about $66,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of LSC Communications by 408.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,298 shares of the company’s stock valued at $79,000 after acquiring an additional 9,074 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of LSC Communications in the first quarter valued at about $91,000. 83.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:LKSD traded up $0.25 during midday trading on Tuesday, hitting $1.25. The stock had a trading volume of 2,063,795 shares, compared to its average volume of 585,910. The stock has a market cap of $34.85 million, a P/E ratio of 1.02 and a beta of 1.18. The company’s 50 day moving average price is $2.58. The company has a quick ratio of 0.84, a current ratio of 1.13 and a debt-to-equity ratio of 4.24. LSC Communications has a 1 year low of $0.85 and a 1 year high of $13.26.
LSC Communications (NYSE:LKSD) last issued its earnings results on Thursday, August 8th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.28). The firm had revenue of $869.00 million during the quarter, compared to analysts’ expectations of $872.18 million. LSC Communications had a negative net margin of 4.63% and a positive return on equity of 14.18%. Equities analysts forecast that LSC Communications will post 1.02 earnings per share for the current fiscal year.
Several brokerages have issued reports on LKSD. Zacks Investment Research downgraded shares of LSC Communications from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 7th. Wells Fargo & Co downgraded shares of LSC Communications from a “market perform” rating to an “underperform” rating in a research report on Wednesday, July 24th. Buckingham Research lowered their price objective on shares of LSC Communications from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Finally, ValuEngine downgraded shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. LSC Communications currently has a consensus rating of “Hold” and a consensus price target of $8.75.
LSC Communications Company Profile
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.
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