Frontfour Capital Group Lowers stake in Graphic Packaging Holding Company (GPK)

Graphic Packaging Holding Company (GPK) : Frontfour Capital Group reduced its stake in Graphic Packaging Holding Company by 56.54% during the most recent quarter end. The investment management company now holds a total of 663,403 shares of Graphic Packaging Holding Company which is valued at $9,154,961 after selling 863,156 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 3.78% of Frontfour Capital Group’s portfolio.

Other Hedge Funds, Including , Point72 Asia (hong Kong) Ltd sold out all of its stake in GPK during the most recent quarter. The investment firm sold 100 shares of GPK which is valued $1,380.Clinton Group Inc boosted its stake in GPK in the latest quarter, The investment management firm added 83,455 additional shares and now holds a total of 217,341 shares of Graphic Packaging Holding Company which is valued at $2,999,306. Graphic Packaging Holding Company makes up approx 0.13% of Clinton Group Inc’s portfolio. Thrivent Financial For Lutherans added GPK to its portfolio by purchasing 144,130 company shares during the most recent quarter which is valued at $1,988,994. Graphic Packaging Holding Company makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio.Laurion Capital Management Lp reduced its stake in GPK by selling 7,400 shares or 19.07% in the most recent quarter. The Hedge Fund company now holds 31,400 shares of GPK which is valued at $433,320. Graphic Packaging Holding Company makes up approx 0.03% of Laurion Capital Management Lp’s portfolio.Rhumbline Advisers boosted its stake in GPK in the latest quarter, The investment management firm added 25,757 additional shares and now holds a total of 261,499 shares of Graphic Packaging Holding Company which is valued at $3,608,686. Graphic Packaging Holding Company makes up approx 0.01% of Rhumbline Advisers’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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