LSC Communications Inc (NYSE:LKSD) Director Acquires $54,000.00 in Stock

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LSC Communications Inc (NYSE:LKSD) Director Judith H. Hamilton purchased 50,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $1.08 per share, with a total value of $54,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of LKSD stock opened at $1.12 on Thursday. The business has a 50 day moving average of $2.53. The company has a debt-to-equity ratio of 4.24, a quick ratio of 0.84 and a current ratio of 1.13. LSC Communications Inc has a one year low of $0.85 and a one year high of $13.26. The firm has a market cap of $33.55 million, a price-to-earnings ratio of 1.28 and a beta of 1.18.

LSC Communications (NYSE:LKSD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). LSC Communications had a positive return on equity of 14.18% and a negative net margin of 4.63%. The company had revenue of $869.00 million during the quarter, compared to analyst estimates of $872.18 million. Analysts forecast that LSC Communications Inc will post 1.02 EPS for the current fiscal year.

Several analysts have recently weighed in on LKSD shares. Wells Fargo & Co cut shares of LSC Communications from a “market perform” rating to an “underperform” rating in a research note on Wednesday, July 24th. Zacks Investment Research cut shares of LSC Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 7th. Buckingham Research dropped their price target on shares of LSC Communications from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th. Finally, ValuEngine cut shares of LSC Communications from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. LSC Communications currently has an average rating of “Hold” and a consensus price target of $8.75.

Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC purchased a new stake in shares of LSC Communications during the second quarter worth about $40,000. Morgan Stanley grew its holdings in shares of LSC Communications by 828.2% during the second quarter. Morgan Stanley now owns 256,063 shares of the company’s stock worth $940,000 after buying an additional 228,476 shares in the last quarter. Invesco Ltd. grew its holdings in shares of LSC Communications by 60.4% during the second quarter. Invesco Ltd. now owns 760,422 shares of the company’s stock worth $2,791,000 after buying an additional 286,226 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of LSC Communications by 3.0% during the second quarter. Vanguard Group Inc. now owns 2,529,671 shares of the company’s stock worth $9,284,000 after buying an additional 74,437 shares in the last quarter. Finally, Natixis purchased a new stake in shares of LSC Communications during the second quarter worth about $334,000. Hedge funds and other institutional investors own 83.37% of the company’s stock.

About LSC Communications

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.

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