RR Donnelley & Sons (NYSE:RRD) Shares Up 6.5%

Shares of RR Donnelley & Sons Co (NYSE:RRD) shot up 6.5% during mid-day trading on Thursday . The company traded as high as $4.08 and last traded at $3.95, 1,704,768 shares changed hands during mid-day trading. An increase of 60% from the average session volume of 1,062,445 shares. The stock had previously closed at $3.71.

Separately, Zacks Investment Research raised RR Donnelley & Sons from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Thursday, September 12th.

The company has a market cap of $277.54 million, a price-to-earnings ratio of 5.60 and a beta of 1.67. The business has a 50-day simple moving average of $3.04 and a 200-day simple moving average of $2.94.

RR Donnelley & Sons (NYSE:RRD) last posted its quarterly earnings results on Tuesday, July 30th. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.12. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. RR Donnelley & Sons had a negative return on equity of 23.01% and a negative net margin of 0.07%. RR Donnelley & Sons’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.09) EPS. On average, equities research analysts anticipate that RR Donnelley & Sons Co will post 0.71 EPS for the current fiscal year.

In other RR Donnelley & Sons news, major shareholder Chatham Asset Management, Llc bought 776,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average price of $2.03 per share, with a total value of $1,575,280.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have bought a total of 1,934,000 shares of company stock worth $4,127,960 in the last three months. Corporate insiders own 1.07% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue grew its stake in RR Donnelley & Sons by 127.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 54,471 shares of the business services provider’s stock worth $205,000 after buying an additional 30,568 shares during the last quarter. Luminus Management LLC purchased a new position in RR Donnelley & Sons during the 2nd quarter worth approximately $3,920,000. UBS Asset Management Americas Inc. grew its stake in RR Donnelley & Sons by 18.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 64,568 shares of the business services provider’s stock worth $127,000 after buying an additional 10,054 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in RR Donnelley & Sons by 258.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 374,722 shares of the business services provider’s stock worth $738,000 after buying an additional 270,222 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in RR Donnelley & Sons during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 85.90% of the company’s stock.

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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