Paradigm Capital Management Inc. NY Has $36.12 Million Holdings in KapStone Paper and Packaging Corporation (KS)

Paradigm Capital Management Inc. NY raised its position in KapStone Paper and Packaging Corporation (NYSE:KS) by 0.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,680,800 shares of the company’s stock after acquiring an additional 8,950 shares during the quarter. KapStone Paper and Packaging Corporation makes up 3.1% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 4th biggest holding. Paradigm Capital Management Inc. NY owned 1.73% of KapStone Paper and Packaging Corporation worth $36,120,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of KapStone Paper and Packaging Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,145 shares of the company’s stock worth $106,000 after buying an additional 771 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of KapStone Paper and Packaging Corporation by 4.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the company’s stock worth $123,000 after buying an additional 239 shares during the period. Riverhead Capital Management LLC raised its stake in shares of KapStone Paper and Packaging Corporation by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the company’s stock worth $183,000 after buying an additional 3,864 shares during the period. Flinton Capital Management LLC raised its stake in shares of KapStone Paper and Packaging Corporation by 75.3% in the second quarter. Flinton Capital Management LLC now owns 8,942 shares of the company’s stock worth $184,000 after buying an additional 3,842 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of KapStone Paper and Packaging Corporation by 389.6% in the first quarter. PNC Financial Services Group Inc. now owns 9,943 shares of the company’s stock worth $230,000 after buying an additional 7,912 shares during the period. 85.67% of the stock is currently owned by institutional investors.

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KS has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $27.00 price objective on shares of KapStone Paper and Packaging Corporation in a research note on Monday, August 21st. Zacks Investment Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Wednesday, July 19th. BMO Capital Markets cut their target price on KapStone Paper and Packaging Corporation from $28.00 to $26.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of KapStone Paper and Packaging Corporation in a research report on Thursday, October 12th. Finally, Citigroup Inc. increased their target price on KapStone Paper and Packaging Corporation from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. KapStone Paper and Packaging Corporation presently has an average rating of “Hold” and a consensus target price of C$26.38.

KapStone Paper and Packaging Corporation (NYSE KS) traded down C$0.30 during midday trading on Friday, reaching C$21.04. The company’s stock had a trading volume of 1,090,000 shares, compared to its average volume of 1,097,836. The stock has a market cap of $2,039.98, a PE ratio of 20.23, a PEG ratio of 1.42 and a beta of 2.80. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25. KapStone Paper and Packaging Corporation has a fifty-two week low of C$19.10 and a fifty-two week high of C$24.98.

KapStone Paper and Packaging Corporation (NYSE:KS) last released its quarterly earnings results on Wednesday, October 25th. The company reported C$0.39 earnings per share for the quarter, missing the consensus estimate of C$0.43 by C($0.04). The firm had revenue of C$868.42 million for the quarter, compared to analysts’ expectations of C$839.36 million. KapStone Paper and Packaging Corporation had a net margin of 2.29% and a return on equity of 11.12%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. equities analysts predict that KapStone Paper and Packaging Corporation will post 1.11 EPS for the current fiscal year.

KapStone Paper and Packaging Corporation Company Profile

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

Institutional Ownership by Quarter for KapStone Paper and Packaging Corporation (NYSE:KS)

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