Emerald Advisers Inc. PA Purchases New Position in KapStone Paper and Packaging Corporation (KS)

Emerald Advisers Inc. PA purchased a new stake in KapStone Paper and Packaging Corporation (NYSE:KS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 426,578 shares of the basic materials company’s stock, valued at approximately $9,167,000. Emerald Advisers Inc. PA owned approximately 0.44% of KapStone Paper and Packaging Corporation as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in shares of KapStone Paper and Packaging Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 771 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of KapStone Paper and Packaging Corporation by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock valued at $123,000 after purchasing an additional 239 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of KapStone Paper and Packaging Corporation by 77.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock valued at $183,000 after purchasing an additional 3,864 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of KapStone Paper and Packaging Corporation by 75.3% in the 2nd quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock valued at $184,000 after purchasing an additional 3,842 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of KapStone Paper and Packaging Corporation by 389.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,943 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 7,912 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.

Several equities analysts recently weighed in on KS shares. Zacks Investment Research lowered KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. BidaskClub lowered KapStone Paper and Packaging Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. BMO Capital Markets cut their price objective on KapStone Paper and Packaging Corporation from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. ValuEngine upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $27.00 price objective on shares of KapStone Paper and Packaging Corporation in a research note on Friday, October 27th. One equities 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 company’s stock. The stock has an average rating of “Hold” and an average target price of $26.38.

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Shares of KapStone Paper and Packaging Corporation (KS) opened at $22.88 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The company has a market capitalization of $2.22 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.55 and a beta of 2.79. KapStone Paper and Packaging Corporation has a 52 week low of $17.72 and a 52 week high of $24.98.

KapStone Paper and Packaging Corporation (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 analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $868.42 million during the quarter, compared to analysts’ expectations of $839.36 million. KapStone Paper and Packaging Corporation had a net margin of 2.29% and a return on equity of 11.12%. KapStone Paper and Packaging Corporation’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. equities analysts anticipate that KapStone Paper and Packaging Corporation will post 1.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were given a $0.10 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.75%. KapStone Paper and Packaging Corporation’s dividend payout ratio (DPR) is presently 53.33%.

KapStone Paper and Packaging Corporation 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.

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

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