Lorber David A Lowers stake in Graphic Packaging Holding Company (GPK)

Graphic Packaging Holding Company (GPK) : Lorber David A reduced its stake in Graphic Packaging Holding Company by 42.31% during the most recent quarter end. The investment management company now holds a total of 36,597 shares of Graphic Packaging Holding Company which is valued at $505,039 after selling 26,844 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 4.79% of Lorber David A’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in GPK by selling 7,673 shares or 42.01% in the most recent quarter. The Hedge Fund company now holds 10,590 shares of GPK which is valued at $146,142.Hsbc Holdings Plc boosted its stake in GPK in the latest quarter, The investment management firm added 737,533 additional shares and now holds a total of 776,800 shares of Graphic Packaging Holding Company which is valued at $10,719,840. Graphic Packaging Holding Company makes up approx 0.04% of Hsbc Holdings Plc’s portfolio. First Personal Financial Services added GPK to its portfolio by purchasing 953 company shares during the most recent quarter which is valued at $13,132.Msi Financial Services Inc reduced its stake in GPK by selling 9 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 1,256 shares of GPK which is valued at $17,333.

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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