KapStone Paper and Packaging Corp. (KS) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in KapStone Paper and Packaging Corp. (NYSE:KS) by 46,008.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 78,846 shares of the basic materials company’s stock after buying an additional 78,675 shares during the quarter. Sei Investments Co. owned about 0.08% of KapStone Paper and Packaging worth $1,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eaton Vance Management lifted its position in shares of KapStone Paper and Packaging by 0.3% during the 2nd quarter. Eaton Vance Management now owns 22,903 shares of the basic materials company’s stock valued at $472,000 after buying an additional 63 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of KapStone Paper and Packaging by 4.2% during 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 buying an additional 239 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of KapStone Paper and Packaging by 0.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 67,368 shares of the basic materials company’s stock valued at $1,390,000 after buying an additional 293 shares in the last quarter. Texas Permanent School Fund lifted its position in shares of KapStone Paper and Packaging by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 64,308 shares of the basic materials company’s stock valued at $1,327,000 after buying an additional 607 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of KapStone Paper and Packaging by 5.4% during the 2nd quarter. Amalgamated Bank now owns 12,317 shares of the basic materials company’s stock valued at $254,000 after buying an additional 630 shares in the last quarter. Institutional investors own 86.15% of the company’s stock.

A number of research analysts have recently weighed in on the company. ValuEngine raised KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research cut KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. 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 Friday, October 27th. BMO Capital Markets lowered their price target on KapStone Paper and Packaging from $28.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, October 27th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $26.38.

KapStone Paper and Packaging Corp. (KS) traded up $0.18 during midday trading on Tuesday, reaching $22.29. The company had a trading volume of 963,000 shares, compared to its average volume of 984,891. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. KapStone Paper and Packaging Corp. has a one year low of $19.59 and a one year high of $24.98. The stock has a market cap of $2,160.00, a PE ratio of 21.26, a PEG ratio of 1.50 and a beta of 2.75.

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

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

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About KapStone Paper and Packaging

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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