Keeley Teton Advisors LLC Purchases 43,528 Shares of KapStone Paper and Packaging Corp. (KS)

Keeley Teton Advisors LLC raised its position in KapStone Paper and Packaging Corp. (NYSE:KS) by 6.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 692,279 shares of the basic materials company’s stock after purchasing an additional 43,528 shares during the quarter. Keeley Teton Advisors LLC owned 0.71% of KapStone Paper and Packaging worth $14,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KS. Victory Capital Management Inc. raised its stake in shares of KapStone Paper and Packaging 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 during the period. Public Employees Retirement System of Ohio raised its stake in shares of KapStone Paper and Packaging 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 during the period. Riverhead Capital Management LLC raised its stake in shares of KapStone Paper and Packaging 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 during the period. Flinton Capital Management LLC raised its stake in shares of KapStone Paper and Packaging 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 during the period. Finally, SG Americas Securities LLC bought a new position in shares of KapStone Paper and Packaging in the 3rd quarter valued at about $188,000. 86.15% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Andrea K. Tarbox sold 32,486 shares of KapStone Paper and Packaging stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $20.95, for a total transaction of $680,581.70. Following the completion of the transaction, the vice president now owns 157,336 shares in the company, valued at $3,296,189.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Chapman sold 70,765 shares of KapStone Paper and Packaging 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 transaction, the director now owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The disclosure for this sale can be found here. Company insiders own 13.09% of the company’s stock.

KapStone Paper and Packaging Corp. (KS) traded down $0.07 during trading on Thursday, reaching $21.95. The company had a trading volume of 592,700 shares, compared to its average volume of 981,108. KapStone Paper and Packaging Corp. has a fifty-two week low of $19.59 and a fifty-two week high of $24.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25. The company has a market capitalization of $2,134.99, a PE ratio of 21.17, a P/E/G ratio of 1.49 and a beta of 2.77.

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

Several brokerages have recently weighed in on KS. ValuEngine upgraded KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a report on Friday, December 1st. BidaskClub cut KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging in a report on Wednesday, October 25th. Citigroup began coverage on KapStone Paper and Packaging in a report on Wednesday, August 16th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Stephens began coverage on KapStone Paper and Packaging in a report on Tuesday, October 24th. They issued an “overweight” rating and a $28.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. KapStone Paper and Packaging presently has a consensus rating of “Buy” and a consensus target price of $26.38.

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KapStone Paper and Packaging 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.

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

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