KapStone Paper and Packaging Corp. (NYSE:KS) Position Cut by 22Nw LP

22NW LP cut its holdings in KapStone Paper and Packaging Corp. (NYSE:KS) by 49.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,492 shares of the basic materials company’s stock after selling 42,000 shares during the quarter. 22NW LP’s holdings in KapStone Paper and Packaging were worth $935,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Eaton Vance Management raised its holdings in KapStone Paper and Packaging by 0.3% during the second quarter. Eaton Vance Management now owns 22,903 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 63 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in KapStone Paper and Packaging by 4.2% during the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 239 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in KapStone Paper and Packaging by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 67,368 shares of the basic materials company’s stock worth $1,390,000 after purchasing an additional 293 shares during the last quarter. Texas Permanent School Fund raised its holdings in KapStone Paper and Packaging by 1.0% during the second quarter. Texas Permanent School Fund now owns 64,308 shares of the basic materials company’s stock worth $1,327,000 after purchasing an additional 607 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in KapStone Paper and Packaging by 5.4% during the second quarter. Amalgamated Bank now owns 12,317 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 630 shares during the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

KapStone Paper and Packaging Corp. (NYSE KS) traded down $0.40 during mid-day trading on Friday, reaching $21.46. The company’s stock had a trading volume of 514,800 shares, compared to its average volume of 969,738. KapStone Paper and Packaging Corp. has a 1 year low of $19.59 and a 1 year high of $24.98. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 2.07. The stock has a market capitalization of $2,119.47, a P/E ratio of 21.02, a PEG ratio of 1.52 and a beta of 2.77.

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

A number of research firms have recently weighed in on KS. ValuEngine raised KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Stephens began coverage on KapStone Paper and Packaging in a report on Tuesday, October 24th. They issued an “overweight” rating and a $28.00 price target for the company. Royal Bank of Canada reissued a “buy” rating and issued a $27.00 price target on shares of KapStone Paper and Packaging in a report on Monday, August 21st. Citigroup boosted their price target on KapStone Paper and Packaging from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, KeyCorp reiterated a “hold” rating on shares of KapStone Paper and Packaging in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $26.38.

In other KapStone Paper and Packaging news, Director John Chapman sold 70,765 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the sale, the director now owns 445,056 shares in the company, valued at $9,257,164.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Andrea K. Tarbox sold 32,486 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the sale, the vice president now owns 157,336 shares in the company, valued at approximately $3,296,189.20. The disclosure for this sale can be found here. 13.09% of the stock is owned by corporate insiders.

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KapStone Paper and Packaging 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 (NYSE:KS)

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