KapStone Paper and Packaging Corp. (KS) Shares Bought by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in KapStone Paper and Packaging Corp. (NYSE:KS) by 48.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 609,065 shares of the basic materials company’s stock after acquiring an additional 199,510 shares during the period. KapStone Paper and Packaging comprises about 2.1% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 18th largest holding. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.62% of KapStone Paper and Packaging worth $20,653,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its stake in KapStone Paper and Packaging by 9.1% in the 2nd quarter. BlackRock Inc. now owns 12,794,147 shares of the basic materials company’s stock worth $441,397,000 after acquiring an additional 1,071,702 shares in the last quarter. Water Island Capital LLC lifted its stake in KapStone Paper and Packaging by 9.7% in the 2nd quarter. Water Island Capital LLC now owns 2,435,099 shares of the basic materials company’s stock worth $84,011,000 after acquiring an additional 215,600 shares in the last quarter. Gardner Lewis Asset Management L P lifted its stake in KapStone Paper and Packaging by 74.5% in the 2nd quarter. Gardner Lewis Asset Management L P now owns 1,792,144 shares of the basic materials company’s stock worth $61,829,000 after acquiring an additional 765,382 shares in the last quarter. Alpine Associates Management Inc. lifted its stake in KapStone Paper and Packaging by 15.0% in the 2nd quarter. Alpine Associates Management Inc. now owns 1,614,600 shares of the basic materials company’s stock worth $55,994,000 after acquiring an additional 210,200 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in KapStone Paper and Packaging by 2.8% in the 2nd quarter. Northern Trust Corp now owns 1,491,259 shares of the basic materials company’s stock worth $51,448,000 after acquiring an additional 41,202 shares in the last quarter. 81.51% of the stock is owned by hedge funds and other institutional investors.

KS opened at $34.95 on Monday. KapStone Paper and Packaging Corp. has a fifty-two week low of $20.51 and a fifty-two week high of $35.10. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.28 and a quick ratio of 1.39. The stock has a market cap of $3.42 billion, a PE ratio of 26.48, a PEG ratio of 1.06 and a beta of 2.79.

KapStone Paper and Packaging (NYSE:KS) last issued its quarterly earnings data on Tuesday, October 23rd. The basic materials company reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. The business had revenue of $893.60 million for the quarter, compared to analyst estimates of $923.10 million. KapStone Paper and Packaging had a return on equity of 18.99% and a net margin of 9.99%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, research analysts forecast that KapStone Paper and Packaging Corp. will post 2.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Friday, September 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Thursday, September 27th. KapStone Paper and Packaging’s dividend payout ratio is 30.30%.

A number of research firms have recently weighed in on KS. ValuEngine downgraded KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Zacks Investment Research raised KapStone Paper and Packaging from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Eight research analysts have rated the stock with a hold rating, KapStone Paper and Packaging has an average rating of “Hold” and an average target price of $32.33.

KapStone Paper and Packaging Company Profile

KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.

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

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