Herring Creek Capital Management Lowers stake in RR Donnelley & Sons Co (RRD)

RR Donnelley & Sons Co (RRD) : Herring Creek Capital Management reduced its stake in RR Donnelley & Sons Co by 8.45% during the most recent quarter end. The investment management company now holds a total of 1,284,659 shares of RR Donnelley & Sons Co which is valued at $20.4 Million after selling 118,634 shares in RR Donnelley & Sons Co , the firm said in a disclosure report filed with the SEC on May 12, 2016.RR Donnelley & Sons Co makes up approximately 5.40% of Herring Creek Capital Management’s portfolio.

Other Hedge Funds, Including , Lsv Asset Management reduced its stake in RRD by selling 40,129 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 8,249,459 shares of RRD which is valued at $131.2 Million. RR Donnelley & Sons Co makes up approx 0.28% of Lsv Asset Management’s portfolio.Davidson Garrard Inc reduced its stake in RRD by selling 40,314 shares or 18.91% in the most recent quarter. The Hedge Fund company now holds 172,819 shares of RRD which is valued at $2.8 Million. RR Donnelley & Sons Co makes up approx 0.72% of Davidson Garrard Inc’s portfolio. Lmr Partners Llp added RRD to its portfolio by purchasing 25,333 company shares during the most recent quarter which is valued at $417,235. RR Donnelley & Sons Co makes up approx 0.06% of Lmr Partners Llp’s portfolio.Quantbot Technologies Lp boosted its stake in RRD in the latest quarter, The investment management firm added 5,976 additional shares and now holds a total of 21,429 shares of RR Donnelley & Sons Co which is valued at $372,865. RR Donnelley & Sons Co makes up approx 0.06% of Quantbot Technologies Lp’s portfolio.

RR Donnelley & Sons Co opened for trading at $15.6 and hit $15.73 on the upside on Friday, eventually ending the session at $15.64, with a gain of 1.03% or 0.16 points. The heightened volatility saw the trading volume jump to 16,68,583 shares. Company has a market cap of $3,275,016 M.

On the company’s financial health, RR Donnelley & Sons Co reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.18. The company had revenue of $2651.40 million for the quarter, compared to analysts expectations of $2617.65 million. The company’s revenue was down -3.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

R. R. Donnelley & Sons Company (RR Donnelley) helps organizations communicate by working to create manage produce distribute and process content on behalf of its customers. The Company operates through segments: Publishing and Retail Services Variable Print Strategic Services and International. The Publishing and Retail Services segment offers products including magazines catalogs retail inserts books directories and packaging. The Variable Print segment’s product offerings include commercial and digital print direct mail office products labels statement printing forms and packaging. The Company’s Strategic Services segment include its logistics services financial print products and related services print management offerings and digital and creative solutions. The International segment includes the Company’s non- United States printing operations in Asia Europe Latin America and Canada.

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