Iridian Asset Managementct Lowers stake in Graphic Packaging Holding Company (GPK)

Graphic Packaging Holding Company (GPK) : Iridian Asset Managementct reduced its stake in Graphic Packaging Holding Company by 6.45% during the most recent quarter end. The investment management company now holds a total of 26,531,042 shares of Graphic Packaging Holding Company which is valued at $365,597,759 after selling 1,828,943 shares in Graphic Packaging Holding Company , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Graphic Packaging Holding Company makes up approximately 3.24% of Iridian Asset Managementct’s portfolio.

Other Hedge Funds, Including , Ubs Asset Management Americas Inc boosted its stake in GPK in the latest quarter, The investment management firm added 5,800 additional shares and now holds a total of 265,444 shares of Graphic Packaging Holding Company which is valued at $3,692,326.Manning Napier Advisors reduced its stake in GPK by selling 32,715 shares or 12.95% in the most recent quarter. The Hedge Fund company now holds 219,875 shares of GPK which is valued at $3,027,679. Graphic Packaging Holding Company makes up approx 0.02% of Manning Napier Advisors’s portfolio.Rothschild Asset Management Inc boosted its stake in GPK in the latest quarter, The investment management firm added 200,895 additional shares and now holds a total of 1,186,371 shares of Graphic Packaging Holding Company which is valued at $16,170,237. Graphic Packaging Holding Company makes up approx 0.28% of Rothschild Asset Management Inc’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta… added GPK to its portfolio by purchasing 10,200 company shares during the most recent quarter which is valued at $139,026.Public Employees Retirement Association Of Colorado reduced its stake in GPK by selling 321 shares or 3.04% in the most recent quarter. The Hedge Fund company now holds 10,236 shares of GPK which is valued at $139,619.

Graphic Packaging Holding Company closed down -0.07 points or -0.50% at $13.9 with 22,33,859 shares getting traded on Wednesday. Post opening the session at $13.93, the shares hit an intraday low of $13.855 and an intraday high of $13.99 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.

Investors should note that on Jul 29, 2016, Graphic Packaging Holding Company announced a cash dividend of $0.0500. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 5, 2016.

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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