106,700 Shares in RR Donnelley & Sons Co (RRD) Acquired by Mackay Shields LLC

Mackay Shields LLC acquired a new stake in shares of RR Donnelley & Sons Co (NYSE:RRD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 106,700 shares of the business services provider’s stock, valued at approximately $422,000. Mackay Shields LLC owned approximately 0.15% of RR Donnelley & Sons at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RRD. Nisa Investment Advisors LLC grew its stake in shares of RR Donnelley & Sons by 52.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 11,600 shares of the business services provider’s stock worth $46,000 after buying an additional 4,000 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of RR Donnelley & Sons by 22.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,053 shares of the business services provider’s stock worth $48,000 after buying an additional 2,218 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of RR Donnelley & Sons by 2,112.9% during the fourth quarter. Bessemer Group Inc. now owns 14,871 shares of the business services provider’s stock worth $58,000 after buying an additional 14,199 shares during the last quarter. Meeder Asset Management Inc. grew its stake in shares of RR Donnelley & Sons by 343.7% during the fourth quarter. Meeder Asset Management Inc. now owns 15,134 shares of the business services provider’s stock worth $60,000 after buying an additional 11,723 shares during the last quarter. Finally, Magnus Financial Group LLC bought a new stake in shares of RR Donnelley & Sons during the fourth quarter worth $66,000. Institutional investors and hedge funds own 87.81% of the company’s stock.

NYSE RRD opened at $4.85 on Tuesday. The firm has a market cap of $332.50 million, a price-to-earnings ratio of 6.93 and a beta of 1.44. RR Donnelley & Sons Co has a fifty-two week low of $3.49 and a fifty-two week high of $9.56.

RR Donnelley & Sons (NYSE:RRD) last issued its quarterly earnings data on Tuesday, February 26th. The business services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). RR Donnelley & Sons had a negative return on equity of 22.03% and a negative net margin of 0.16%. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm earned $0.81 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, sell-side analysts expect that RR Donnelley & Sons Co will post 0.74 EPS for the current year.

Separately, Zacks Investment Research raised shares of RR Donnelley & Sons from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 7th.

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RR Donnelley & Sons Profile

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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Institutional Ownership by Quarter for RR Donnelley & Sons (NYSE:RRD)

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