EMC Capital Management Has $163,000 Position in ACCO Brands Co. (NYSE:ACCO)

EMC Capital Management raised its holdings in ACCO Brands Co. (NYSE:ACCO) by 65.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 31,083 shares of the industrial products company’s stock after acquiring an additional 12,240 shares during the quarter. EMC Capital Management’s holdings in ACCO Brands were worth $163,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of ACCO Brands by 28.5% during the 2nd quarter. Renaissance Technologies LLC now owns 413,500 shares of the industrial products company’s stock valued at $1,943,000 after purchasing an additional 91,600 shares in the last quarter. Sei Investments Co. raised its holdings in ACCO Brands by 40.3% during the second quarter. Sei Investments Co. now owns 250,943 shares of the industrial products company’s stock valued at $1,179,000 after buying an additional 72,051 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in ACCO Brands by 79.2% during the second quarter. Cubist Systematic Strategies LLC now owns 255,486 shares of the industrial products company’s stock valued at $1,201,000 after buying an additional 112,912 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of ACCO Brands by 257.2% in the second quarter. Squarepoint Ops LLC now owns 319,438 shares of the industrial products company’s stock worth $1,501,000 after buying an additional 230,012 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of ACCO Brands by 34.6% during the 2nd quarter. AQR Capital Management LLC now owns 1,656,925 shares of the industrial products company’s stock valued at $7,788,000 after acquiring an additional 426,201 shares during the last quarter. 84.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ACCO shares. StockNews.com lowered ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. Barrington Research boosted their price objective on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research note on Friday, November 22nd.

ACCO Brands Trading Up 0.5 %

Shares of NYSE:ACCO opened at $5.31 on Friday. The company has a market cap of $492.73 million, a P/E ratio of -2.81, a P/E/G ratio of 0.39 and a beta of 1.68. The stock’s 50-day moving average is $5.51 and its 200-day moving average is $5.34. ACCO Brands Co. has a 52-week low of $4.36 and a 52-week high of $6.62. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share for the quarter, meeting the consensus estimate of $0.23. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. The firm had revenue of $420.90 million during the quarter, compared to the consensus estimate of $418.20 million. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts predict that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Profile

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.