Assenagon Asset Management S.A. Acquires Shares of 50,581 LSC Communications Inc (LKSD)
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.
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.
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2019/02/08/assenagon-asset-management-s-a-acquires-shares-of-50581-lsc-communications-inc-lksd.html.
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.
Further Reading: Why is the ROA ratio important?
Want to see what other hedge funds are holding LKSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LSC Communications Inc (NYSE:LKSD).
Receive News & Ratings for LSC Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSC Communications and related companies with MarketBeat.com's FREE daily email newsletter.