KapStone Paper and Packaging Corp. (KS) Stake Lessened by 22Nw LP

22Nw LP cut its holdings in KapStone Paper and Packaging Corp. (NYSE:KS) by 49.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,492 shares of the basic materials company’s stock after selling 42,000 shares during the period. 22Nw LP’s holdings in KapStone Paper and Packaging were worth $935,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bridge City Capital LLC bought a new position in KapStone Paper and Packaging during the second quarter valued at $1,467,000. State Street Corp grew its holdings in KapStone Paper and Packaging by 2.1% during the second quarter. State Street Corp now owns 2,088,779 shares of the basic materials company’s stock valued at $43,094,000 after purchasing an additional 42,808 shares during the period. Cipher Capital LP grew its holdings in KapStone Paper and Packaging by 18.4% during the second quarter. Cipher Capital LP now owns 30,775 shares of the basic materials company’s stock valued at $635,000 after purchasing an additional 4,784 shares during the period. Emerald Advisers Inc. PA bought a new position in KapStone Paper and Packaging during the third quarter valued at $9,167,000. Finally, Macquarie Group Ltd. grew its holdings in KapStone Paper and Packaging by 7.2% during the third quarter. Macquarie Group Ltd. now owns 2,132,675 shares of the basic materials company’s stock valued at $45,831,000 after purchasing an additional 142,855 shares during the period. 86.15% of the stock is owned by institutional investors.

Shares of KapStone Paper and Packaging Corp. (NYSE KS) traded down $0.27 during mid-day trading on Wednesday, hitting $22.02. The company had a trading volume of 487,900 shares, compared to its average volume of 982,768. KapStone Paper and Packaging Corp. has a one year low of $19.59 and a one year high of $24.98. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $2,161.16, a P/E ratio of 21.43, a PEG ratio of 1.51 and a beta of 2.77.

KapStone Paper and Packaging (NYSE:KS) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share 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 quarter in the previous year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. sell-side analysts predict that KapStone Paper and Packaging Corp. will post 1.11 earnings per share for the current fiscal year.

KS has been the subject of several research reports. Royal Bank Of Canada reissued a “buy” rating and set a $27.00 price objective on shares of KapStone Paper and Packaging in a report on Friday, October 27th. Citigroup raised 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. ValuEngine raised KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub lowered KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, KeyCorp reaffirmed a “hold” rating on shares of KapStone Paper and Packaging in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $26.38.

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

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

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