Trading Report: The LMR Partners LLP reduces its investment in RR Donnelley & Sons Co (RRD)

The LMR Partners LLP reduces its investment in RR Donnelley & Sons Co (RRD)

LMR Partners LLP lowered its stake in shares of RR Donnelley & Sons Co (NASDAQ:RRD) by 18.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,593 shares of the company’s stock after selling 4,740 shares during the period. LMR Partners LLP’s holdings in RR Donnelley & Sons Co were worth $348,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its stake in RR Donnelley & Sons Co by 0.7% in the first quarter. State Street Corp now owns 6,105,758 shares of the company’s stock valued at $100,138,000 after buying an additional 42,786 shares in the last quarter. JPMorgan Chase & Co. increased its stake in RR Donnelley & Sons Co by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 1,714,994 shares of the company’s stock valued at $28,126,000 after buying an additional 5,183 shares in the last quarter. Silvercrest Asset Management Group LLC increased its stake in RR Donnelley & Sons Co by 17.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 869,581 shares of the company’s stock valued at $14,261,000 after buying an additional 130,454 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in RR Donnelley & Sons Co by 32.5% in the first quarter. TIAA CREF Investment Management LLC now owns 1,740,598 shares of the company’s stock valued at $28,546,000 after buying an additional 427,258 shares in the last quarter. Finally, HBK Investments L P increased its stake in RR Donnelley & Sons Co by 398.5% in the first quarter. HBK Investments L P now owns 67,300 shares of the company’s stock valued at $1,104,000 after buying an additional 53,800 shares in the last quarter.

Shares of RR Donnelley & Sons Co (NASDAQ:RRD) traded down 0.49% during midday trading on Thursday, hitting $20.20. The company had a trading volume of 1,308,138 shares. The firm has a market capitalization of $1.41 billion, a P/E ratio of 12.76 and a beta of 1.74. The stock has a 50 day moving average price of $17.68 and a 200 day moving average price of $17.08. RR Donnelley & Sons Co has a 1-year low of $12.07 and a 1-year high of $24.64.

RR Donnelley & Sons Co (NASDAQ:RRD) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. RR Donnelley & Sons Co’s revenue was down .7% on a year-over-year basis. On average, equities analysts anticipate that RR Donnelley & Sons Co will post $3.69 EPS for the current fiscal year.

Separately, TheStreet downgraded RR Donnelley & Sons Co from a “buy” rating to a “hold” rating in a research report on Thursday, September 1st.

RR Donnelley & Sons Co Company Profile

R.R. Donnelley & Sons Company helps organizations communicate by working to create, manage, produce, distribute and process content on behalf of its customers. The Company operates through segments, which include Publishing and Retail Services, Variable Print, Strategic Services, International and Corporate.

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