Miller Value Partners LLC Has $17.55 Million Position in Quad/Graphics, Inc. (NYSE:QUAD)

Miller Value Partners LLC lifted its stake in Quad/Graphics, Inc. (NYSE:QUAD) by 33.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,518,130 shares of the business services provider’s stock after buying an additional 634,315 shares during the quarter. Quad/Graphics makes up about 7.5% of Miller Value Partners LLC’s investment portfolio, making the stock its 2nd largest position. Miller Value Partners LLC owned about 4.83% of Quad/Graphics worth $17,551,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Quad/Graphics by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 679,717 shares of the business services provider’s stock worth $4,739,000 after buying an additional 10,681 shares in the last quarter. State Street Corp lifted its stake in shares of Quad/Graphics by 2.0% in the 3rd quarter. State Street Corp now owns 539,071 shares of the business services provider’s stock valued at $2,447,000 after purchasing an additional 10,431 shares during the last quarter. Heartland Advisors Inc. bought a new position in shares of Quad/Graphics during the 4th quarter valued at approximately $2,091,000. Empowered Funds LLC raised its holdings in Quad/Graphics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 293,761 shares of the business services provider’s stock valued at $2,048,000 after buying an additional 14,275 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Quad/Graphics by 171.3% during the fourth quarter. Bank of New York Mellon Corp now owns 293,552 shares of the business services provider’s stock worth $2,046,000 after buying an additional 185,344 shares during the period. Institutional investors own 39.52% of the company’s stock.

Quad/Graphics Trading Up 1.0 %

NYSE QUAD opened at $5.18 on Friday. The stock has a market cap of $271.16 million, a P/E ratio of -4.75 and a beta of 1.52. The company has a current ratio of 0.85, a quick ratio of 0.56 and a debt-to-equity ratio of 8.35. Quad/Graphics, Inc. has a 12-month low of $4.06 and a 12-month high of $9.13. The company has a fifty day simple moving average of $5.56 and a two-hundred day simple moving average of $6.45.

Quad/Graphics (NYSE:QUAD) last released its quarterly earnings data on Tuesday, February 18th. The business services provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.02). The business had revenue of $708.40 million during the quarter, compared to analyst estimates of $726.70 million. Quad/Graphics had a positive return on equity of 58.44% and a negative net margin of 1.90%. On average, analysts forecast that Quad/Graphics, Inc. will post 1.08 earnings per share for the current year.

Quad/Graphics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, May 22nd will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.79%. Quad/Graphics’s payout ratio is -27.52%.

Analyst Ratings Changes

QUAD has been the subject of several analyst reports. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Quad/Graphics in a research note on Friday, February 21st. StockNews.com raised Quad/Graphics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 2nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $10.30 price target on shares of Quad/Graphics in a report on Tuesday, February 18th.

Quad/Graphics Company Profile

Quad/Graphics, Inc provides marketing solutions worldwide. The company operates through United States Print and Related Services, and International segments. It offers printing services, such as retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, newspapers, custom print products, and other commercial and specialty printed products; and paper procurement services.