Alliancebernstein L.P. Cuts Holdings in Quad/Graphics, Inc. (NYSE:QUAD)

Alliancebernstein L.P. lowered its stake in shares of Quad/Graphics, Inc. (NYSE:QUAD - Free Report) by 92.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,540 shares of the business services provider's stock after selling 199,605 shares during the quarter. Alliancebernstein L.P.'s holdings in Quad/Graphics were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Heartland Advisors Inc. purchased a new position in Quad/Graphics in the fourth quarter valued at $2,091,000. Bank of New York Mellon Corp increased its holdings in Quad/Graphics by 171.3% in the fourth quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider's stock valued at $2,046,000 after buying an additional 185,344 shares during the last quarter. Inspire Investing LLC purchased a new position in Quad/Graphics in the fourth quarter valued at $1,150,000. HighTower Advisors LLC purchased a new position in Quad/Graphics in the fourth quarter valued at $847,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Quad/Graphics by 50.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 254,479 shares of the business services provider's stock valued at $1,774,000 after buying an additional 85,565 shares during the last quarter. Hedge funds and other institutional investors own 39.52% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on QUAD shares. Rosenblatt Securities reissued a "buy" rating and issued a $10.30 target price on shares of Quad/Graphics in a report on Tuesday, February 18th. Barrington Research reaffirmed an "outperform" rating and set a $10.00 price objective on shares of Quad/Graphics in a report on Friday, February 21st. Finally, StockNews.com raised Quad/Graphics from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 2nd.

Quad/Graphics Stock Performance

Shares of QUAD stock traded down $0.11 during mid-day trading on Monday, hitting $5.09. 178,963 shares of the stock were exchanged, compared to its average volume of 232,207. The stock's fifty day simple moving average is $5.47 and its two-hundred day simple moving average is $6.46. The stock has a market capitalization of $266.45 million, a price-to-earnings ratio of -4.67 and a beta of 1.52. Quad/Graphics, Inc. has a 12-month low of $4.06 and a 12-month high of $9.13. The company has a debt-to-equity ratio of 8.35, a quick ratio of 0.56 and a current ratio of 0.85.

Quad/Graphics (NYSE:QUAD - Get Free Report) last announced its earnings results on Tuesday, February 18th. The business services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.02). Quad/Graphics had a positive return on equity of 58.44% and a negative net margin of 1.90%. The business had revenue of $708.40 million for the quarter, compared to analyst estimates of $726.70 million. On average, analysts forecast that Quad/Graphics, Inc. will post 1.08 EPS for the current year.

Quad/Graphics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.30 annualized dividend and a dividend yield of 5.89%. Quad/Graphics's dividend payout ratio (DPR) is -27.52%.

Quad/Graphics Company Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.