KapStone Paper and Packaging Corp. (KS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in KapStone Paper and Packaging Corp. (NYSE:KS) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 217,506 shares of the basic materials company’s stock after selling 5,185 shares during the period. Rhumbline Advisers’ holdings in KapStone Paper and Packaging were worth $7,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Tower Research Capital LLC TRC boosted its stake in shares of KapStone Paper and Packaging by 338.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,032 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 3,884 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of KapStone Paper and Packaging in the second quarter worth approximately $188,000. Janus Henderson Group PLC acquired a new stake in shares of KapStone Paper and Packaging in the second quarter worth approximately $208,000. Public Employees Retirement Association of Colorado boosted its stake in shares of KapStone Paper and Packaging by 28.7% in the third quarter. Public Employees Retirement Association of Colorado now owns 7,618 shares of the basic materials company’s stock worth $258,000 after acquiring an additional 1,698 shares during the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of KapStone Paper and Packaging by 249.4% in the second quarter. Citadel Advisors LLC now owns 8,747 shares of the basic materials company’s stock worth $302,000 after acquiring an additional 14,601 shares during the last quarter. 81.51% of the stock is currently owned by institutional investors.

Shares of KapStone Paper and Packaging stock opened at $34.95 on Monday. KapStone Paper and Packaging Corp. has a one year low of $20.51 and a one year high of $35.10. The company has a market cap of $3.42 billion, a P/E ratio of 26.48, a P/E/G ratio of 1.06 and a beta of 2.79. The company has a current ratio of 2.28, a quick ratio of 1.39 and a debt-to-equity ratio of 1.10.

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

Separately, Zacks Investment Research upgraded KapStone Paper and Packaging from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 31st. Eight analysts have rated the stock with a hold rating, KapStone Paper and Packaging currently has a consensus rating of “Hold” and an average target price of $32.33.

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KapStone Paper and Packaging 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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