LSC Communications Inc (NYSE:LKSD) Short Interest Down 11.8% in October

LSC Communications Inc (NYSE:LKSD) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 1,940,000 shares, a drop of 11.8% from the September 30th total of 2,200,000 shares. Approximately 6.0% of the shares of the company are sold short. Based on an average daily trading volume, of 691,200 shares, the days-to-cover ratio is currently 2.8 days.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ARP Americas LP grew its position in LSC Communications by 60.8% in the second quarter. ARP Americas LP now owns 1,337,791 shares of the company’s stock valued at $4,910,000 after acquiring an additional 505,813 shares during the last quarter. Invesco Ltd. grew its holdings in shares of LSC Communications by 60.4% during the second quarter. Invesco Ltd. now owns 760,422 shares of the company’s stock worth $2,791,000 after purchasing an additional 286,226 shares during the last quarter. Morgan Stanley grew its holdings in shares of LSC Communications by 828.2% during the second quarter. Morgan Stanley now owns 256,063 shares of the company’s stock worth $940,000 after purchasing an additional 228,476 shares during the last quarter. Natixis bought a new stake in shares of LSC Communications during the second quarter worth about $334,000. Finally, Vanguard Group Inc. grew its holdings in shares of LSC Communications by 3.0% during the second quarter. Vanguard Group Inc. now owns 2,529,671 shares of the company’s stock worth $9,284,000 after purchasing an additional 74,437 shares during the last quarter. Institutional investors own 69.93% of the company’s stock.

Shares of LKSD traded down $0.01 during midday trading on Friday, reaching $0.64. 409,578 shares of the stock were exchanged, compared to its average volume of 481,177. LSC Communications has a twelve month low of $0.63 and a twelve month high of $10.43. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 5.04. The company has a market cap of $22.01 million, a P/E ratio of 0.52 and a beta of 0.89. The stock’s 50 day simple moving average is $1.08 and its 200 day simple moving average is $2.82.

LSC Communications (NYSE:LKSD) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.17). LSC Communications had a negative return on equity of 0.66% and a negative net margin of 4.07%. The company had revenue of $834.00 million during the quarter, compared to the consensus estimate of $923.57 million. As a group, analysts predict that LSC Communications will post 0.12 earnings per share for the current year.

LKSD has been the subject of a number of research reports. Wells Fargo & Co downgraded LSC Communications from a “market perform” rating to an “underperform” rating in a report on Wednesday, July 24th. Buckingham Research dropped their target price on LSC Communications from $10.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Zacks Investment Research raised LSC Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 12th.

LSC Communications Company Profile

LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.

Featured Story: Trading Penny Stocks

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.