Quantbot Technologies LP Has $104,000 Stake in ACCO Brands Co. (NYSE:ACCO)

Quantbot Technologies LP lessened its holdings in shares of ACCO Brands Co. (NYSE:ACCOFree Report) by 36.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,141 shares of the industrial products company’s stock after selling 10,372 shares during the quarter. Quantbot Technologies LP’s holdings in ACCO Brands were worth $104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jump Financial LLC grew its position in ACCO Brands by 31.9% during the third quarter. Jump Financial LLC now owns 108,268 shares of the industrial products company’s stock valued at $621,000 after buying an additional 26,159 shares during the period. Assenagon Asset Management S.A. grew its position in ACCO Brands by 110.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,187,604 shares of the industrial products company’s stock valued at $6,817,000 after buying an additional 622,830 shares during the period. Principal Financial Group Inc. grew its position in ACCO Brands by 48.8% during the third quarter. Principal Financial Group Inc. now owns 38,100 shares of the industrial products company’s stock valued at $219,000 after buying an additional 12,497 shares during the period. Olympiad Research LP bought a new position in ACCO Brands during the third quarter valued at about $210,000. Finally, Panagora Asset Management Inc. grew its position in ACCO Brands by 27.3% during the third quarter. Panagora Asset Management Inc. now owns 541,831 shares of the industrial products company’s stock valued at $3,110,000 after buying an additional 116,248 shares during the period. Institutional investors own 81.01% of the company’s stock.

ACCO Brands Trading Up 2.8 %

Shares of ACCO Brands stock opened at $6.54 on Tuesday. ACCO Brands Co. has a 12-month low of $4.30 and a 12-month high of $6.59. The company has a market cap of $620.84 million, a price-to-earnings ratio of 11.28, a PEG ratio of 0.44 and a beta of 1.68. The company has a current ratio of 1.61, a quick ratio of 0.90 and a debt-to-equity ratio of 1.06. The company’s 50-day moving average price is $6.00 and its 200-day moving average price is $5.58.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ACCO shares. StockNews.com raised shares of ACCO Brands from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Barrington Research dropped their price objective on shares of ACCO Brands from $8.00 to $7.50 and set an “outperform” rating on the stock in a report on Monday, December 4th.

View Our Latest Report on ACCO

About ACCO Brands

(Free Report)

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.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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