Brenner West Capital Advisors Lowers stake in Graphic Packaging Holding Company (GPK)

Graphic Packaging Holding Company (GPK) : Brenner West Capital Advisors reduced its stake in Graphic Packaging Holding Company by 32.47% during the most recent quarter end. The investment management company now holds a total of 3,419,154 shares of Graphic Packaging Holding Company which is valued at $47,184,325 after selling 1,644,092 shares in Graphic Packaging Holding Company , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Graphic Packaging Holding Company makes up approximately 3.97% of Brenner West Capital Advisors’s portfolio.

Other Hedge Funds, Including , Cantab Capital Partners Llp added GPK to its portfolio by purchasing 19,014 company shares during the most recent quarter which is valued at $262,393. Graphic Packaging Holding Company makes up approx 0.06% of Cantab Capital Partners Llp’s portfolio. Bogle Investment Management L P De added GPK to its portfolio by purchasing 919,917 company shares during the most recent quarter which is valued at $12,694,855. Graphic Packaging Holding Company makes up approx 0.80% of Bogle Investment Management L P De’s portfolio.Renaissance Technologies reduced its stake in GPK by selling 212,700 shares or 12.08% in the most recent quarter. The Hedge Fund company now holds 1,548,418 shares of GPK which is valued at $21,368,168. Graphic Packaging Holding Company makes up approx 0.04% of Renaissance Technologies’s portfolio.Comerica Bank reduced its stake in GPK by selling 738 shares or 3.17% in the most recent quarter. The Hedge Fund company now holds 22,540 shares of GPK which is valued at $311,052.Trexquant Investment Lp reduced its stake in GPK by selling 154,161 shares or 78.33% in the most recent quarter. The Hedge Fund company now holds 42,652 shares of GPK which is valued at $588,598. Graphic Packaging Holding Company makes up approx 0.07% of Trexquant Investment Lp’s portfolio.

Graphic Packaging Holding Company opened for trading at $14.38 and hit $14.585 on the upside on Thursday, eventually ending the session at $14.56, with a gain of 1.53% or 0.22 points. The heightened volatility saw the trading volume jump to 26,29,549 shares. Company has a market cap of $4,646 M.

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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