Millennium Management LLC Has $616,000 Stock Position in Quad/Graphics, Inc. (NYSE:QUAD)

Millennium Management LLC raised its position in Quad/Graphics, Inc. (NYSE:QUAD - Free Report) by 133.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 88,352 shares of the business services provider's stock after acquiring an additional 50,517 shares during the period. Millennium Management LLC owned about 0.17% of Quad/Graphics worth $616,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in shares of Quad/Graphics during the 4th quarter worth approximately $143,000. Deutsche Bank AG raised its stake in shares of Quad/Graphics by 93.2% during the 4th quarter. Deutsche Bank AG now owns 26,053 shares of the business services provider's stock worth $182,000 after purchasing an additional 12,568 shares in the last quarter. Corton Capital Inc. bought a new stake in shares of Quad/Graphics during the 4th quarter worth approximately $103,000. Cubist Systematic Strategies LLC raised its stake in shares of Quad/Graphics by 17.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 46,267 shares of the business services provider's stock worth $322,000 after purchasing an additional 6,708 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Quad/Graphics by 33.2% during the 4th quarter. Bank of America Corp DE now owns 36,512 shares of the business services provider's stock worth $254,000 after purchasing an additional 9,109 shares in the last quarter. Institutional investors own 39.52% of the company's stock.

Quad/Graphics Stock Performance

QUAD traded down $0.05 during trading hours on Wednesday, reaching $5.43. The company's stock had a trading volume of 195,415 shares, compared to its average volume of 262,624. Quad/Graphics, Inc. has a 52 week low of $4.06 and a 52 week high of $9.13. The company's 50-day moving average is $5.38 and its 200-day moving average is $6.27. The company has a debt-to-equity ratio of 8.35, a quick ratio of 0.56 and a current ratio of 0.85. The firm has a market cap of $274.58 million, a PE ratio of -4.98 and a beta of 1.43.

Quad/Graphics (NYSE:QUAD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.13. Quad/Graphics had a positive return on equity of 58.44% and a negative net margin of 1.90%. The firm had revenue of $629.40 million for the quarter, compared to analyst estimates of $588.05 million. On average, equities analysts forecast that Quad/Graphics, Inc. will post 1.08 EPS for the current year.

Quad/Graphics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Thursday, May 22nd were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Thursday, May 22nd. Quad/Graphics's dividend payout ratio is -78.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QUAD. Barrington Research restated an "outperform" rating and issued a $10.00 price target on shares of Quad/Graphics in a research note on Friday, May 2nd. Wall Street Zen upgraded Quad/Graphics from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, April 2nd. Finally, Rosenblatt Securities restated a "buy" rating and issued a $8.90 price target on shares of Quad/Graphics in a research note on Friday, June 6th.

About Quad/Graphics

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.