JPMorgan Chase & Co. Has $56.83 Million Holdings in KapStone Paper and Packaging Corp. (KS)

JPMorgan Chase & Co. decreased its holdings in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,598,395 shares of the basic materials company’s stock after selling 51,195 shares during the period. JPMorgan Chase & Co. owned about 2.68% of KapStone Paper and Packaging worth $56,826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KS. Victory Capital Management Inc. increased its holdings in shares of KapStone Paper and Packaging by 25,123.5% in the third quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock valued at $27,888,000 after purchasing an additional 1,292,605 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in KapStone Paper and Packaging in the 2nd quarter valued at $14,866,000. Emerald Advisers Inc. PA bought a new stake in KapStone Paper and Packaging in the 3rd quarter valued at $9,167,000. Voya Investment Management LLC lifted its position in KapStone Paper and Packaging by 23.3% in the 2nd quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock valued at $38,276,000 after acquiring an additional 351,094 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in KapStone Paper and Packaging in the 3rd quarter valued at $6,664,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.

A number of brokerages recently commented on KS. ValuEngine upgraded shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Royal Bank Of Canada reissued a “buy” rating and issued a $27.00 price objective on shares of KapStone Paper and Packaging in a research note on Friday, October 27th. BMO Capital Markets dropped their price objective on shares of KapStone Paper and Packaging from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Finally, Citigroup increased their price objective on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. KapStone Paper and Packaging presently has an average rating of “Buy” and an average price target of $26.38.

KapStone Paper and Packaging Corp. (KS) traded up $0.01 during trading hours on Friday, reaching $21.96. 569,900 shares of the company’s stock were exchanged, compared to its average volume of 979,365. KapStone Paper and Packaging Corp. has a 1-year low of $19.59 and a 1-year high of $24.98. The firm has a market capitalization of $2,120.00, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.52 and a beta of 2.75. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25.

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

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

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

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