Assenagon Asset Management S.A. acquired a new stake in LSC Communications Inc (NYSE:LKSD) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 50,581 shares of the company’s stock, valued at approximately $354,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC acquired a new stake in LSC Communications in the second quarter valued at approximately $110,000. Virtu Financial LLC acquired a new stake in shares of LSC Communications in the third quarter worth approximately $123,000. United Services Automobile Association acquired a new stake in shares of LSC Communications in the second quarter worth approximately $191,000. Stone Ridge Asset Management LLC acquired a new stake in shares of LSC Communications in the third quarter worth approximately $153,000. Finally, Allianz Asset Management GmbH acquired a new stake in shares of LSC Communications in the third quarter worth approximately $182,000. 82.11% of the stock is currently owned by institutional investors.

Shares of NYSE:LKSD opened at $8.14 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.98 and a debt-to-equity ratio of 3.06. The company has a market capitalization of $272.56 million, a PE ratio of 4.13, a PEG ratio of -2.64 and a beta of 1.32. LSC Communications Inc has a 1 year low of $6.60 and a 1 year high of $18.64.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 4th. Stockholders of record on Friday, February 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.78%. The ex-dividend date of this dividend is Thursday, February 14th. LSC Communications’s dividend payout ratio is presently 52.79%.

A number of brokerages have recently issued reports on LKSD. Zacks Investment Research lowered LSC Communications from a “buy” rating to a “hold” rating in a research note on Saturday, November 10th. Buckingham Research lowered their price target on LSC Communications from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Citigroup lowered their price target on LSC Communications from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, November 2nd. Finally, ValuEngine raised LSC Communications from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 13th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. LSC Communications presently has an average rating of “Hold” and a consensus price target of $14.40.

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LSC Communications Company Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products. It operates through Print and Office Products segments. The Print segment produces magazines, catalogs, retail inserts, books, and directories. It also provides supply-chain management and various print-related services, including mail-list management and sortation, e-book formatting, and distribution services.

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Institutional Ownership by Quarter for LSC Communications (NYSE:LKSD)

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