Capital Innovations Lowers stake in KapStone Paper and Packaging Corp. (KS)

KapStone Paper and Packaging Corp. (KS) : Capital Innovations reduced its stake in KapStone Paper and Packaging Corp. by 5.69% during the most recent quarter end. The investment management company now holds a total of 51,735 shares of KapStone Paper and Packaging Corp. which is valued at $1,023,836 after selling 3,120 shares in KapStone Paper and Packaging Corp. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.KapStone Paper and Packaging Corp. makes up approximately 2.71% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Pinkerton Retirement Specialists reduced its stake in KS by selling 19 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 1,032 shares of KS which is valued at $20,423. KapStone Paper and Packaging Corp. makes up approx 0.01% of Pinkerton Retirement Specialists’s portfolio.Riverhead Capital Management reduced its stake in KS by selling 23,130 shares or 83.11% in the most recent quarter. The Hedge Fund company now holds 4,700 shares of KS which is valued at $91,133. KapStone Paper and Packaging Corp. makes up approx 0.01% of Riverhead Capital Management’s portfolio.Ls Investment Advisors boosted its stake in KS in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 3,174 shares of KapStone Paper and Packaging Corp. which is valued at $57,830. Buckingham Capital Management Inc added KS to its portfolio by purchasing 176,900 company shares during the most recent quarter which is valued at $3,306,261. KapStone Paper and Packaging Corp. makes up approx 0.19% of Buckingham Capital Management Inc’s portfolio.

KapStone Paper and Packaging Corp. closed down -0.18 points or -0.84% at $21.15 with 9,59,297 shares getting traded on Monday. Post opening the session at $21.38, the shares hit an intraday low of $21.05 and an intraday high of $21.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, KapStone Paper and Packaging Corp. reported $0.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.39. The company had revenue of $776.64 million for the quarter, compared to analysts expectations of $805.93 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.

Investors should note that on Oct 27, 2016, KapStone Paper and Packaging Corp. announced a cash dividend of $0.1000. The company’s management has announced Dec 28, 2016 as the ex-dividend date and fixed the record date on Dec 30, 2016. The payable date has been fixed on Jan 12, 2017.

Many Wall Street Analysts have commented on KapStone Paper and Packaging Corp.. KapStone Paper and Packaging Corp. was Downgraded by Wells Fargo to ” Market Perform” on Nov 21, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 30, 2016 to “Outperform”, Firm has raised the Price Target to $ 23 from a previous price target of $17 .KapStone Paper and Packaging Corp. was Downgraded by Dundee to ” Neutral” on Sep 19, 2016.

KapStone Paper and Packaging Corporation is engaged in manufacture and sale of containerboard corrugated products and specialty paper for industrial and consumer markets. Containerboard consisting of linerboard and corrugated medium is used to manufacture corrugated containers for packaging products. The Company produces three general categories of kraft paper: Multiwall paper; Specialty products and Lightweight paper. Specialty products are also used to produce shingle wrap end caps roll wrap pet food cement and chemicals grocery bags and dunnage bags. The Company’s specialty paper products are manufactured for a variety of converters including laminators coaters insulation manufacturers agricultural product processors and food product packaging producers. As of December 31 2014 the Company operated 21 corrugated products manufacturing plants. The Company also has multi-color printing capabilities to make graphics boxes and display.

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