Traders Buy Large Volume of R. R. Donnelley & Sons Call Options (NYSE:RRD)

R. R. Donnelley & Sons (NYSE:RRD) saw unusually large options trading activity on Tuesday. Traders purchased 28,865 call options on the stock. This represents an increase of 3,876% compared to the average volume of 726 call options.

In related news, major shareholder Chatham Asset Management, Llc purchased 7,000 shares of the firm’s stock in a transaction on Wednesday, August 18th. The shares were bought at an average cost of $5.24 per share, for a total transaction of $36,680.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.77% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC raised its stake in shares of R. R. Donnelley & Sons by 23.9% in the second quarter. Parametric Portfolio Associates LLC now owns 18,819 shares of the business services provider’s stock worth $118,000 after acquiring an additional 3,632 shares during the last quarter. Invesco Ltd. raised its stake in shares of R. R. Donnelley & Sons by 162.9% in the second quarter. Invesco Ltd. now owns 688,816 shares of the business services provider’s stock worth $4,326,000 after acquiring an additional 426,843 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of R. R. Donnelley & Sons in the second quarter worth about $130,000. MetLife Investment Management LLC bought a new position in shares of R. R. Donnelley & Sons in the second quarter worth about $169,000. Finally, Boothbay Fund Management LLC raised its stake in shares of R. R. Donnelley & Sons by 305.1% in the second quarter. Boothbay Fund Management LLC now owns 233,493 shares of the business services provider’s stock worth $1,466,000 after acquiring an additional 175,849 shares during the last quarter. 68.79% of the stock is owned by institutional investors.

Shares of RRD stock opened at $6.42 on Thursday. R. R. Donnelley & Sons has a 12-month low of $1.12 and a 12-month high of $7.15. The company has a market capitalization of $467.38 million, a P/E ratio of 2.94 and a beta of 2.70. The firm has a 50-day moving average price of $5.06 and a 200 day moving average price of $5.38.

R. R. Donnelley & Sons (NYSE:RRD) last announced its quarterly earnings results on Tuesday, August 3rd. The business services provider reported $0.07 earnings per share (EPS) for the quarter. R. R. Donnelley & Sons had a net margin of 3.25% and a negative return on equity of 28.91%. The firm had revenue of $1.15 billion during the quarter.

R. R. Donnelley & Sons Company Profile

R.R. Donnelley & Sons Co engages in the provision of multichannel communication solutions. It operates through the following segments: Commercial Print, Logistics, Statement Printing, Labels, Packaging, Supply Chain Management, Forms and Business Process Outsourcing. The Commercial Print segment provides various commercial printing products and offer a full range of branded materials including manuals, publications, brochures, business cards, flyers, post cards, posters and promotional items.

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