R. R. Donnelley & Sons (NYSE:RRD) Stock Price Down 9.9%

R. R. Donnelley & Sons (NYSE:RRD)’s share price fell 9.9% during trading on Wednesday . The company traded as low as $2.19 and last traded at $2.19. 1,847,578 shares were traded during trading, an increase of 92% from the average session volume of 960,797 shares. The stock had previously closed at $2.43.

The company has a market cap of $156.37 million, a price-to-earnings ratio of -1.07 and a beta of 2.47. The company’s 50 day moving average price is $1.91 and its 200 day moving average price is $1.44.

R. R. Donnelley & Sons (NYSE:RRD) last announced its quarterly earnings data on Saturday, October 31st. The business services provider reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.19. The company had revenue of $1.19 billion for the quarter. R. R. Donnelley & Sons had a negative return on equity of 18.49% and a negative net margin of 2.54%. During the same period in the prior year, the firm posted $0.31 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. boosted its position in R. R. Donnelley & Sons by 1.8% during the third quarter. Saba Capital Management L.P. now owns 7,040,321 shares of the business services provider’s stock worth $10,279,000 after purchasing an additional 126,930 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of R. R. Donnelley & Sons by 22.0% during the 3rd quarter. Acadian Asset Management LLC now owns 2,838,507 shares of the business services provider’s stock worth $4,145,000 after purchasing an additional 512,007 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of R. R. Donnelley & Sons by 297.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,192,214 shares of the business services provider’s stock worth $1,419,000 after purchasing an additional 892,507 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in R. R. Donnelley & Sons by 532.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 902,473 shares of the business services provider’s stock valued at $1,372,000 after buying an additional 759,763 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of R. R. Donnelley & Sons by 37.4% in the second quarter. AQR Capital Management LLC now owns 898,204 shares of the business services provider’s stock worth $1,069,000 after acquiring an additional 244,256 shares during the last quarter. 75.79% of the stock is owned by hedge funds and other institutional investors.

R. R. Donnelley & Sons Company Profile (NYSE:RRD)

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 specialized transportation and distribution services.

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