RR Donnelley & Sons (NYSE:RRD) Upgraded to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of RR Donnelley & Sons (NYSE:RRD) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

According to Zacks, “RR Donnelley is a leading global provider of integrated multichannel marketing and business communications solutions. The company helps the customers communicate more efficiently and effectively as they use words and images to inform, educate, entertain and sell. In each of the businesses, the company uses the distinctive capabilities to manage and distribute words and images in ways that provide the greatest value to every customer. RR Donnelley offers a comprehensive portfolio of capabilities, experience and scale that enables organizations around the world to effectively create, manage, deliver and optimize their multichannel communications strategies. RR Donnelley’s innovative technologies enhance digital and print communications to deliver integrated messages across multiple media to highly targeted audiences at optimal times for clients in virtually every private and public sector. “

Shares of NYSE RRD opened at $2.09 on Tuesday. The firm has a market cap of $151.51 million, a PE ratio of 2.99 and a beta of 1.66. The firm has a fifty day moving average of $2.27. RR Donnelley & Sons has a fifty-two week low of $1.92 and a fifty-two week high of $6.76.

RR Donnelley & Sons (NYSE:RRD) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported ($0.06) earnings per share for the quarter. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.55 billion. RR Donnelley & Sons had a negative net margin of 0.15% and a negative return on equity of 21.78%. RR Donnelley & Sons’s revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) earnings per share. As a group, equities analysts anticipate that RR Donnelley & Sons will post 0.66 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in RR Donnelley & Sons by 11.6% in the 4th quarter. BlackRock Inc. now owns 11,582,063 shares of the business services provider’s stock valued at $45,865,000 after acquiring an additional 1,207,665 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in RR Donnelley & Sons by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,188,019 shares of the business services provider’s stock valued at $4,705,000 after acquiring an additional 36,166 shares in the last quarter. Nomura Holdings Inc. raised its holdings in RR Donnelley & Sons by 46.4% in the 4th quarter. Nomura Holdings Inc. now owns 1,109,789 shares of the business services provider’s stock valued at $4,388,000 after acquiring an additional 351,784 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in RR Donnelley & Sons by 45.9% in the 1st quarter. Cooper Creek Partners Management LLC now owns 1,009,948 shares of the business services provider’s stock valued at $4,767,000 after acquiring an additional 317,773 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of RR Donnelley & Sons by 196.7% in the 1st quarter. Acadian Asset Management LLC now owns 941,714 shares of the business services provider’s stock valued at $4,445,000 after purchasing an additional 624,271 shares during the last quarter. 86.91% of the stock is owned by hedge funds and other institutional investors.

About RR Donnelley & Sons

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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