Insider Buying: R. R. Donnelley & Sons (NYSE:RRD) Major Shareholder Acquires 20,000 Shares of Stock

R. R. Donnelley & Sons (NYSE:RRD) major shareholder Chatham Asset Management, Llc purchased 20,000 shares of the stock in a transaction that occurred on Friday, June 4th. The shares were purchased at an average price of $6.32 per share, for a total transaction of $126,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Chatham Asset Management, Llc also recently made the following trade(s):

  • On Monday, June 7th, Chatham Asset Management, Llc purchased 13,138 shares of R. R. Donnelley & Sons stock. The shares were purchased at an average price of $6.49 per share, for a total transaction of $85,265.62.
  • On Tuesday, June 1st, Chatham Asset Management, Llc purchased 5,904 shares of R. R. Donnelley & Sons stock. The shares were purchased at an average price of $6.44 per share, for a total transaction of $38,021.76.
  • On Thursday, May 27th, Chatham Asset Management, Llc acquired 50,000 shares of R. R. Donnelley & Sons stock. The shares were bought at an average cost of $6.36 per share, for a total transaction of $318,000.00.
  • On Friday, May 21st, Chatham Asset Management, Llc acquired 663,889 shares of R. R. Donnelley & Sons stock. The shares were bought at an average cost of $5.61 per share, for a total transaction of $3,724,417.29.
  • On Wednesday, May 19th, Chatham Asset Management, Llc acquired 523,095 shares of R. R. Donnelley & Sons stock. The shares were bought at an average cost of $5.29 per share, for a total transaction of $2,767,172.55.

NYSE RRD opened at $6.58 on Friday. The firm’s 50 day moving average is $5.20. The firm has a market capitalization of $475.08 million, a P/E ratio of 4.33 and a beta of 2.77. R. R. Donnelley & Sons has a 1-year low of $1.01 and a 1-year high of $6.82.

R. R. Donnelley & Sons (NYSE:RRD) last released its quarterly earnings data on Monday, April 26th. The business services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The company had revenue of $1.17 billion for the quarter. R. R. Donnelley & Sons had a net margin of 2.26% and a negative return on equity of 21.09%. During the same quarter last year, the firm earned $0.33 earnings per share.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RRD. GSA Capital Partners LLP acquired a new position in shares of R. R. Donnelley & Sons in the 4th quarter worth approximately $427,000. SG Americas Securities LLC boosted its holdings in shares of R. R. Donnelley & Sons by 20.4% in the 4th quarter. SG Americas Securities LLC now owns 34,851 shares of the business services provider’s stock worth $79,000 after acquiring an additional 5,906 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of R. R. Donnelley & Sons in the 4th quarter worth approximately $918,000. Barclays PLC boosted its holdings in shares of R. R. Donnelley & Sons by 153.9% in the 4th quarter. Barclays PLC now owns 1,100,577 shares of the business services provider’s stock worth $2,487,000 after acquiring an additional 667,090 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of R. R. Donnelley & Sons by 83.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 104,762 shares of the business services provider’s stock worth $237,000 after acquiring an additional 47,642 shares in the last quarter. 69.03% of the stock is currently owned by institutional investors.

R. R. Donnelley & Sons Company Profile

R.R. Donnelley & Sons Company, an integrated communications provider, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. Its Business Services segment offers commercial printing products and branded materials, including manuals, publications, brochures, business cards, flyers, post cards, posters, and promotional items; and packaging solutions comprising rigid boxes and in-box print materials for clients in the consumer electronics, healthcare and life sciences, cosmetics, and consumer packaged goods industries.

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