ACCO Brands Co. (NYSE:ACCO) Stake Raised by EMC Capital Management

EMC Capital Management grew its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 65.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,083 shares of the industrial products company’s stock after purchasing an additional 12,240 shares during the period. EMC Capital Management’s holdings in ACCO Brands were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in ACCO. FMR LLC lifted its holdings in shares of ACCO Brands by 123.0% during the third quarter. FMR LLC now owns 5,911 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 3,260 shares during the last quarter. nVerses Capital LLC raised its holdings in ACCO Brands by 68.3% during the 3rd quarter. nVerses Capital LLC now owns 6,900 shares of the industrial products company’s stock worth $38,000 after buying an additional 2,800 shares during the period. EP Wealth Advisors LLC acquired a new stake in ACCO Brands during the 3rd quarter worth about $61,000. Y Intercept Hong Kong Ltd purchased a new stake in ACCO Brands during the third quarter valued at about $63,000. Finally, Somerset Trust Co boosted its holdings in shares of ACCO Brands by 22.1% in the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock worth $79,000 after buying an additional 2,724 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

ACCO Brands Trading Up 0.5 %

NYSE:ACCO opened at $5.31 on Friday. The stock has a market cap of $492.73 million, a PE ratio of -2.81, a price-to-earnings-growth ratio of 0.39 and a beta of 1.68. ACCO Brands Co. has a fifty-two week low of $4.36 and a fifty-two week high of $6.62. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The stock’s 50-day moving average is $5.51 and its two-hundred day moving average is $5.34.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The firm had revenue of $420.90 million for the quarter, compared to the consensus estimate of $418.20 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue was down 6.0% on a year-over-year basis. As a group, equities research analysts forecast that ACCO Brands Co. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ACCO has been the topic of a number of recent analyst reports. StockNews.com lowered shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Barrington Research boosted their target price on shares of ACCO Brands from $7.00 to $7.50 and gave the company an “outperform” rating in a research note on Friday, November 22nd.

About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.