RR Donnelley & Sons Co (NASDAQ:RRD) was in 23 hedge funds’ portfolio at the end of March. RRD has experienced an increase in support from the world’s most elite money managers in recent months. There were 22 hedge funds in our database with RRD positions at the end of the previous quarter.
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With all of this in mind, we’re going to take a peek at the key action regarding RR Donnelley & Sons Co (NASDAQ:RRD).
Hedge fund activity in RR Donnelley & Sons Co (NASDAQ:RRD)
In preparation for this quarter, a total of 23 of the hedge funds we track were bullish in this stock, a change of 5% from one quarter earlier. With the smart money’s capital changing hands, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings considerably.
When looking at the hedgies we track, Chase Coleman and Feroz Dewan’s Tiger Global Management LLC had the largest position in RR Donnelley & Sons Co (NASDAQ:RRD), worth close to $42.2 million, accounting for 0.7% of its total 13F portfolio. Coming in second is Elm Ridge Capital, managed by Ron Gutfleish, which held a $38.4 million position; 4.3% of its 13F portfolio is allocated to the company. Some other peers with similar optimism include Cliff Asness’s AQR Capital Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Neil Chriss’s Hutchin Hill Capital.
With a general bullishness amongst the heavyweights, key hedge funds have jumped into RR Donnelley & Sons Co (NASDAQ:RRD) headfirst. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, created the largest position in RR Donnelley & Sons Co (NASDAQ:RRD). Arrowstreet Capital had 5.8 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $4.1 million position during the quarter. The following funds were also among the new RRD investors: Boaz Weinstein’s Saba Capital, Andy Redleaf’s Whitebox Advisors, and Mike Vranos’s Ellington.
Insider trading activity in RR Donnelley & Sons Co (NASDAQ:RRD)
Insider trading activity, especially when it’s bullish, is at its handiest when the company we’re looking at has seen transactions within the past half-year. Over the latest half-year time period, RR Donnelley & Sons Co (NASDAQ:RRD) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to RR Donnelley & Sons Co (NASDAQ:RRD). These stocks are HMS Holdings Corp. (NASDAQ:HMSY), Ritchie Bros. Auctioneers (USA) (NYSE:RBA), Deluxe Corporation (NYSE:DLX), Portfolio Recovery Associates, Inc. (NASDAQ:PRAA), and Lender Processing Services, Inc. (NYSE:LPS). This group of stocks are the members of the business services industry and their market caps resemble RRD’s market cap.