LSC Communications Inc (LKSD) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in LSC Communications Inc (NASDAQ:LKSD) by 53.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,508 shares of the company’s stock after purchasing an additional 2,263 shares during the period. Sei Investments Co.’s holdings in LSC Communications were worth $139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nuveen Asset Management LLC lifted its stake in shares of LSC Communications by 91.7% in the 1st quarter. Nuveen Asset Management LLC now owns 844,663 shares of the company’s stock valued at $21,252,000 after purchasing an additional 404,126 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of LSC Communications by 0.4% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 705,744 shares of the company’s stock valued at $15,103,000 after purchasing an additional 2,473 shares in the last quarter. Peregrine Capital Management LLC lifted its stake in shares of LSC Communications by 2.0% in the 2nd quarter. Peregrine Capital Management LLC now owns 403,556 shares of the company’s stock valued at $8,636,000 after purchasing an additional 8,082 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of LSC Communications by 157.7% in the 2nd quarter. Bank of Montreal Can now owns 82,401 shares of the company’s stock valued at $1,763,000 after purchasing an additional 50,429 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in shares of LSC Communications by 10.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 48,768 shares of the company’s stock valued at $1,042,000 after purchasing an additional 4,510 shares in the last quarter.

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LSC Communications Inc (LKSD) opened at 16.99 on Wednesday. The company’s 50-day moving average price is $16.47 and its 200 day moving average price is $26.23. The firm has a market capitalization of $592.80 million and a price-to-earnings ratio of 11.17. LSC Communications Inc has a 52-week low of $16.18 and a 52-week high of $37.40.

LSC Communications (NASDAQ:LKSD) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.09). The company had revenue of $848.00 million for the quarter, compared to the consensus estimate of $876.38 million. LSC Communications had a return on equity of 7.63% and a net margin of 0.59%. The company’s revenue was down 6.4% on a year-over-year basis. Equities research analysts predict that LSC Communications Inc will post $2.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.00 annualized dividend and a dividend yield of 5.89%.

Several equities analysts have recently weighed in on LKSD shares. Citigroup Inc. started coverage on LSC Communications in a research note on Tuesday, May 30th. They issued a “neutral” rating and a $23.00 price objective on the stock. J P Morgan Chase & Co started coverage on LSC Communications in a research note on Friday, July 21st. They issued a “neutral” rating on the stock. Zacks Investment Research lowered LSC Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. Finally, Bank of America Corporation started coverage on LSC Communications in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $24.00 price objective on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. LSC Communications currently has a consensus rating of “Hold” and a consensus target price of $24.00.

In related news, Director Shivan S. Subramaniam purchased 3,500 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was bought at an average price of $16.41 per share, for a total transaction of $57,435.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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.

Institutional Ownership by Quarter for LSC Communications (NASDAQ:LKSD)

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