Investors Buy High Volume of Call Options on Graphic Packaging (GPK)

Graphic Packaging Holding (NYSE:GPK) was the target of unusually large options trading activity on Thursday. Traders bought 4,063 call options on the company. This is an increase of 1,433% compared to the typical daily volume of 265 call options.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Canyon Capital Advisors LLC raised its holdings in shares of Graphic Packaging by 85.2% during the fourth quarter. Canyon Capital Advisors LLC now owns 13,330,720 shares of the industrial products company’s stock worth $205,960,000 after purchasing an additional 6,132,069 shares during the period. Vident Investment Advisory LLC raised its holdings in shares of Graphic Packaging by 12.1% during the fourth quarter. Vident Investment Advisory LLC now owns 237,079 shares of the industrial products company’s stock worth $3,663,000 after purchasing an additional 25,496 shares during the period. Crestline Management LP acquired a new stake in shares of Graphic Packaging during the fourth quarter worth $1,332,000. PEAK6 Investments L.P. raised its holdings in shares of Graphic Packaging by 221.3% during the fourth quarter. PEAK6 Investments L.P. now owns 102,758 shares of the industrial products company’s stock worth $1,588,000 after purchasing an additional 70,774 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. raised its holdings in shares of Graphic Packaging by 140.2% during the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 655,573 shares of the industrial products company’s stock worth $10,127,000 after purchasing an additional 382,627 shares during the period. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. BMO Capital Markets reissued a “buy” rating and set a $18.00 target price on shares of Graphic Packaging in a research report on Thursday, January 25th. Zacks Investment Research raised shares of Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research report on Monday, January 8th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 price target on shares of Graphic Packaging in a report on Thursday, February 1st. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a report on Sunday, October 29th. Finally, Robert W. Baird upped their price target on shares of Graphic Packaging from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $17.10.

Shares of Graphic Packaging (NYSE GPK) opened at $15.02 on Friday. The stock has a market cap of $4,682.90, a price-to-earnings ratio of 23.63, a P/E/G ratio of 3.23 and a beta of 1.15. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 1.71. Graphic Packaging has a twelve month low of $12.46 and a twelve month high of $16.74.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging had a net margin of 6.82% and a return on equity of 17.09%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. equities analysts predict that Graphic Packaging will post 0.94 EPS for the current fiscal year.

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Graphic Packaging Company Profile

Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.

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