Quad Graphics, Inc (QUAD) Upgraded to Sell at BidaskClub

Quad Graphics, Inc (NYSE:QUAD) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Tuesday, June 27th.

A number of other brokerages also recently commented on QUAD. TheStreet raised shares of Quad Graphics from a “c” rating to a “b-” rating in a research note on Monday, February 27th. Macquarie upgraded shares of Quad Graphics from a “neutral” rating to an “outperform” rating in a report on Wednesday, March 29th.

Quad Graphics (NYSE QUAD) traded down 2.37% on Tuesday, hitting $22.67. 143,790 shares of the company were exchanged. Quad Graphics has a 52 week low of $21.33 and a 52 week high of $29.50. The firm’s 50 day moving average is $22.67 and its 200 day moving average is $24.43. The company has a market capitalization of $1.18 billion, a P/E ratio of 17.32 and a beta of 1.40.

Quad Graphics (NYSE:QUAD) last announced its earnings results on Tuesday, May 2nd. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.14. Quad Graphics had a net margin of 1.55% and a return on equity of 21.12%. The business had revenue of $998.60 million for the quarter. On average, equities research analysts forecast that Quad Graphics will post $1.69 earnings per share for the current fiscal year.

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In related news, insider Steven D. Jaeger sold 45,407 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $26.35, for a total value of $1,196,474.45. Following the completion of the sale, the insider now owns 101,003 shares in the company, valued at approximately $2,661,429.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William J. Abraham, Jr. sold 12,500 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $26.52, for a total transaction of $331,500.00. Following the completion of the sale, the director now owns 65,835 shares of the company’s stock, valued at approximately $1,745,944.20. The disclosure for this sale can be found here. Insiders have sold a total of 172,907 shares of company stock valued at $4,106,274 in the last 90 days. Insiders own 12.05% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its stake in Quad Graphics by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 29,070 shares of the business services provider’s stock valued at $654,000 after buying an additional 210 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Quad Graphics by 1.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 32,712 shares of the business services provider’s stock valued at $826,000 after buying an additional 594 shares during the period. US Bancorp DE increased its stake in Quad Graphics by 17.9% in the first quarter. US Bancorp DE now owns 4,878 shares of the business services provider’s stock valued at $123,000 after buying an additional 739 shares during the period. Strs Ohio increased its stake in Quad Graphics by 2.4% in the second quarter. Strs Ohio now owns 34,200 shares of the business services provider’s stock valued at $783,000 after buying an additional 800 shares during the period. Finally, Creative Planning increased its stake in Quad Graphics by 17.5% in the second quarter. Creative Planning now owns 6,715 shares of the business services provider’s stock valued at $154,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 52.41% of the company’s stock.

Quad Graphics Company Profile

Quad/Graphics, Inc is a marketing services provider. The Company’s segments are United States Print and Related Services, International and Corporate. The United States Print and Related Services segment consists of the Company’s United States printing operations. The United States Print and Related Services segment includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, books, directories, in-store marketing and promotion, packaging, newspapers, custom print products, other commercial and specialty printed products, and global paper procurement.

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