LSC Communications Inc (LKSD) Holdings Cut by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in LSC Communications Inc (NYSE:LKSD) by 30.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,750 shares of the company’s stock after selling 59,804 shares during the period. California Public Employees Retirement System owned 0.41% of LSC Communications worth $2,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in shares of LSC Communications during the 2nd quarter valued at about $110,000. Piedmont Investment Advisors LLC bought a new stake in shares of LSC Communications during the 2nd quarter valued at about $122,000. Russell Investments Group Ltd. boosted its stake in LSC Communications by 83.9% during the first quarter. Russell Investments Group Ltd. now owns 9,880 shares of the company’s stock worth $173,000 after acquiring an additional 4,507 shares in the last quarter. United Services Automobile Association bought a new stake in LSC Communications during the second quarter worth about $191,000. Finally, Vident Investment Advisory LLC bought a new stake in LSC Communications during the second quarter worth about $202,000. 85.06% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LKSD opened at $8.11 on Tuesday. LSC Communications Inc has a one year low of $7.78 and a one year high of $18.64. The company has a debt-to-equity ratio of 3.08, a quick ratio of 0.99 and a current ratio of 1.33. The stock has a market cap of $264.30 million, a P/E ratio of 4.12, a price-to-earnings-growth ratio of -1.92 and a beta of -0.65.



LSC Communications (NYSE:LKSD) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.04). LSC Communications had a positive return on equity of 21.96% and a negative net margin of 1.68%. The business had revenue of $943.00 million for the quarter, compared to the consensus estimate of $910.87 million. During the same period in the previous year, the firm earned $0.59 EPS. The company’s revenue was up 11.2% on a year-over-year basis. Research analysts anticipate that LSC Communications Inc will post 2.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Thursday, November 15th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 12.82%. The ex-dividend date is Wednesday, November 14th. LSC Communications’s payout ratio is currently 52.79%.

LKSD has been the topic of several research reports. JPMorgan Chase & Co. lowered shares of LSC Communications from a “neutral” rating to an “underweight” rating and set a $14.00 price objective on the stock. in a research note on Friday, July 6th. Zacks Investment Research raised shares of LSC Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Finally, ValuEngine raised shares of LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 9th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.75.

LSC Communications Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

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Institutional Ownership by Quarter for LSC Communications (NYSE:LKSD)

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