RR Donnelley & Sons (NYSE:RRD) Stock Price Down 9.2%

Shares of RR Donnelley & Sons Co (NYSE:RRD) fell 9.2% on Friday . The stock traded as low as $2.74 and last traded at $2.75, 1,047,508 shares were traded during mid-day trading. An increase of 61% from the average session volume of 651,674 shares. The stock had previously closed at $3.03.

Separately, Zacks Investment Research downgraded RR Donnelley & Sons from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th.

The firm has a fifty day moving average of $3.30 and a two-hundred day moving average of $3.31. The stock has a market capitalization of $214.83 million, a P/E ratio of -7.64 and a beta of 1.73.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, February 13th. RR Donnelley & Sons’s payout ratio is 17.14%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new stake in shares of RR Donnelley & Sons in the 3rd quarter valued at about $43,000. Coldstream Capital Management Inc. purchased a new stake in shares of RR Donnelley & Sons in the 3rd quarter worth approximately $46,000. ProShare Advisors LLC purchased a new stake in shares of RR Donnelley & Sons in the 4th quarter worth approximately $46,000. Cresset Asset Management LLC bought a new position in shares of RR Donnelley & Sons during the fourth quarter valued at approximately $57,000. Finally, Alhambra Investment Partners LLC bought a new position in shares of RR Donnelley & Sons during the fourth quarter valued at approximately $72,000. 77.74% of the stock is currently owned by institutional investors and hedge funds.

About RR Donnelley & Sons (NYSE:RRD)

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. It operates through Business Services and Marketing Solutions segments. The Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and specialized transportation and distribution services.

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