Quad/Graphics, Inc. (NYSE:QUAD) Sees Large Drop in Short Interest

Quad/Graphics, Inc. (NYSE:QUAD) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 2,870,000 shares, a decline of 19.2% from the December 15th total of 3,550,000 shares. Currently, 9.0% of the company’s shares are sold short. Based on an average trading volume of 733,200 shares, the days-to-cover ratio is presently 3.9 days.

QUAD traded up $0.07 on Tuesday, hitting $4.73. The company had a trading volume of 281,979 shares, compared to its average volume of 421,211. The firm has a market cap of $249.72 million, a P/E ratio of 2.64 and a beta of 1.60. Quad/Graphics has a 1 year low of $3.63 and a 1 year high of $16.88. The company’s fifty day moving average price is $4.54 and its 200 day moving average price is $7.56. The company has a current ratio of 1.06, a quick ratio of 0.70 and a debt-to-equity ratio of 4.95.

Quad/Graphics (NYSE:QUAD) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $943.60 million for the quarter. Quad/Graphics had a negative net margin of 4.47% and a positive return on equity of 5.35%. On average, analysts predict that Quad/Graphics will post 0.24 earnings per share for the current year.

In other news, CFO David J. Honan purchased 10,000 shares of the stock in a transaction dated Monday, November 4th. The shares were purchased at an average price of $4.58 per share, with a total value of $45,800.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Thomas J. Frankowski purchased 11,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were purchased at an average cost of $4.30 per share, for a total transaction of $47,300.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 45,350 shares of company stock worth $195,560. Corporate insiders own 10.85% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of QUAD. Tower Research Capital LLC TRC purchased a new stake in Quad/Graphics in the 3rd quarter valued at about $26,000. Bank of Montreal Can increased its stake in Quad/Graphics by 54.0% during the second quarter. Bank of Montreal Can now owns 6,533 shares of the business services provider’s stock worth $51,000 after purchasing an additional 2,292 shares during the period. Squarepoint Ops LLC purchased a new stake in Quad/Graphics during the third quarter worth about $117,000. Appleton Group LLC purchased a new stake in Quad/Graphics during the third quarter worth about $160,000. Finally, Paloma Partners Management Co purchased a new stake in Quad/Graphics during the second quarter worth about $169,000. Hedge funds and other institutional investors own 53.89% of the company’s stock.

Several analysts recently issued reports on QUAD shares. Zacks Investment Research upgraded shares of Quad/Graphics from a “sell” rating to a “buy” rating and set a $5.50 price objective on the stock in a report on Tuesday, January 7th. TheStreet lowered shares of Quad/Graphics from a “c-” rating to a “d+” rating in a report on Friday, November 1st. Finally, Buckingham Research reduced their price objective on shares of Quad/Graphics from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, December 20th.

About Quad/Graphics

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.

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