Clear Investment Research Lowers stake in Graphic Packaging Holding Company (GPK)

Graphic Packaging Holding Company (GPK) : Clear Investment Research reduced its stake in Graphic Packaging Holding Company by 98.9% during the most recent quarter end. The investment management company now holds a total of 3,436 shares of Graphic Packaging Holding Company which is valued at $44,737 after selling 309,523 shares in Graphic Packaging Holding Company , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Graphic Packaging Holding Company makes up approximately 0.05% of Clear Investment Research’s portfolio.

Other Hedge Funds, Including , Checchi Capital Advisers boosted its stake in GPK in the latest quarter, The investment management firm added 76 additional shares and now holds a total of 912 shares of Graphic Packaging Holding Company which is valued at $11,874.Creative Planning boosted its stake in GPK in the latest quarter, The investment management firm added 138 additional shares and now holds a total of 8,925 shares of Graphic Packaging Holding Company which is valued at $116,828.Bnp Paribas Arbitrage Sa reduced its stake in GPK by selling 85,099 shares or 99.49% in the most recent quarter. The Hedge Fund company now holds 440 shares of GPK which is valued at $5,588. Kistler-tiffany Companies added GPK to its portfolio by purchasing 31 company shares during the most recent quarter which is valued at $394.

Graphic Packaging Holding Company closed down -0.14 points or -1.01% at $13.66 with 34,33,393 shares getting traded on Thursday. Post opening the session at $13.76, the shares hit an intraday low of $13.64 and an intraday high of $13.78 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Graphic Packaging Holding Company reported $0.19 EPS for the quarter, based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $1103.20 million for the quarter, compared to analysts expectations of $1099.21 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Graphic Packaging Holding Company is a provider of paper-based packaging solutions to food beverage and other consumer products companies. The Company operates in four geographic areas which includes the United States/Canada Central/South America Europe and Asia Pacific. The Company’s paperboard packaging includes the design manufacture and installation of packaging machinery related to the assembly of cartons as well as the production and sale of corrugated medium and kraft paper from paperboard mills in the United States. It includes a system of mills and plants that produce a range of paperboard grades convertible into folding cartons. The Company offers various laminated coated and printed packaging structures that are produced from its coated unbleached kraft (CUK) coated-recycled board (CRB) as well as other grades of paperboard that are purchased from third-party suppliers.

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