Quad Graphics, Inc (QUAD) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lowered its position in shares of Quad Graphics, Inc (NYSE:QUAD) by 21.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,153 shares of the business services provider’s stock after selling 48,508 shares during the period. TIAA CREF Investment Management LLC owned about 0.48% of Quad Graphics worth $4,152,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. lifted its stake in Quad Graphics by 403.2% during the second quarter. Meeder Asset Management Inc. now owns 4,695 shares of the business services provider’s stock worth $107,000 after purchasing an additional 3,762 shares during the last quarter. Pacad Investment Ltd. lifted its stake in shares of Quad Graphics by 160.0% in the 2nd quarter. Pacad Investment Ltd. now owns 5,200 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 3,200 shares during the last quarter. US Bancorp DE lifted its stake in shares of Quad Graphics by 17.9% in the 1st quarter. US Bancorp DE now owns 4,878 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 739 shares during the last quarter. Creative Planning lifted its stake in shares of Quad Graphics by 17.5% in the 2nd quarter. Creative Planning now owns 6,715 shares of the business services provider’s stock valued at $154,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Quad Graphics by 11.5% in the 2nd quarter. Legal & General Group Plc now owns 7,852 shares of the business services provider’s stock valued at $180,000 after acquiring an additional 809 shares during the last quarter. 51.66% of the stock is owned by hedge funds and other institutional investors.

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QUAD has been the subject of a number of recent research reports. TheStreet lowered Quad Graphics from a “b-” rating to a “c+” rating in a research note on Friday, August 4th. BidaskClub raised Quad Graphics from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th.

In related news, Director Douglas P. Buth purchased 2,600 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was bought at an average price of $18.74 per share, for a total transaction of $48,724.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 12.05% of the company’s stock.

Shares of Quad Graphics, Inc (QUAD) opened at 22.74 on Friday. The stock has a 50 day moving average price of $21.59 and a 200-day moving average price of $22.32. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 14.62 and a beta of 1.44. Quad Graphics, Inc has a 1-year low of $18.16 and a 1-year high of $29.04.

Quad Graphics (NYSE:QUAD) last released its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.11. The company had revenue of $963.20 million during the quarter, compared to analyst estimates of $985.85 million. Quad Graphics had a return on equity of 22.79% and a net margin of 1.92%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.03 earnings per share. Equities research analysts forecast that Quad Graphics, Inc will post $1.79 earnings per share for the current year.

Quad Graphics 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.

Institutional Ownership by Quarter for Quad Graphics (NYSE:QUAD)

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