Insider Buying: R. R. Donnelley & Sons (NYSE:RRD) Major Shareholder Acquires $126,400.00 in Stock

R. R. Donnelley & Sons (NYSE:RRD) major shareholder Chatham Asset Management, Llc bought 20,000 shares of the company’s stock in a transaction on Friday, June 4th. The stock was purchased at an average cost of $6.32 per share, with a total value of $126,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Chatham Asset Management, Llc also recently made the following trade(s):

  • On Monday, June 7th, Chatham Asset Management, Llc bought 13,138 shares of R. R. Donnelley & Sons stock. The stock was purchased at an average cost of $6.49 per share, with a total value of $85,265.62.
  • On Tuesday, June 1st, Chatham Asset Management, Llc bought 5,904 shares of R. R. Donnelley & Sons stock. The stock was purchased at an average cost of $6.44 per share, with a total value of $38,021.76.
  • On Thursday, May 27th, Chatham Asset Management, Llc bought 50,000 shares of R. R. Donnelley & Sons stock. The stock was purchased at an average cost of $6.36 per share, with a total value of $318,000.00.
  • On Friday, May 21st, Chatham Asset Management, Llc bought 663,889 shares of R. R. Donnelley & Sons stock. The stock was purchased at an average cost of $5.61 per share, with a total value of $3,724,417.29.
  • On Wednesday, May 19th, Chatham Asset Management, Llc bought 523,095 shares of R. R. Donnelley & Sons stock. The stock was purchased at an average cost of $5.29 per share, with a total value of $2,767,172.55.

NYSE RRD opened at $6.58 on Friday. The firm has a market cap of $475.08 million, a P/E ratio of 4.33 and a beta of 2.77. The firm has a 50-day moving average price of $5.20. R. R. Donnelley & Sons has a 1-year low of $1.01 and a 1-year high of $6.82.

R. R. Donnelley & Sons (NYSE:RRD) last announced its quarterly earnings data on Monday, April 26th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). The company had revenue of $1.17 billion during the quarter. R. R. Donnelley & Sons had a net margin of 2.26% and a negative return on equity of 21.09%. During the same period in the previous year, the firm earned $0.33 EPS.

Several institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in shares of R. R. Donnelley & Sons by 20.4% in the 4th quarter. SG Americas Securities LLC now owns 34,851 shares of the business services provider’s stock valued at $79,000 after buying an additional 5,906 shares during the period. Geode Capital Management LLC boosted its stake in shares of R. R. Donnelley & Sons by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 570,239 shares of the business services provider’s stock valued at $2,315,000 after buying an additional 9,774 shares during the period. Paloma Partners Management Co purchased a new position in shares of R. R. Donnelley & Sons in the 1st quarter valued at about $48,000. Meeder Asset Management Inc. purchased a new stake in R. R. Donnelley & Sons during the first quarter worth approximately $55,000. Finally, Tudor Investment Corp Et Al purchased a new stake in R. R. Donnelley & Sons during the first quarter worth approximately $64,000. Institutional investors and hedge funds own 69.03% of the company’s stock.

R. R. Donnelley & Sons Company Profile

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 packaging solutions comprising rigid boxes and in-box print materials for clients in the consumer electronics, healthcare and life sciences, cosmetics, and consumer packaged goods industries.

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