Hodges Capital Management buys $39,282,058 stake in KapStone Paper and Packaging Corp. (KS)

KapStone Paper and Packaging Corp. (KS) : Hodges Capital Management scooped up 25,134 additional shares in KapStone Paper and Packaging Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 2,550,783 shares of KapStone Paper and Packaging Corp. which is valued at $39,282,058.KapStone Paper and Packaging Corp. makes up approximately 1.82% of Hodges Capital Management’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board boosted its stake in KS in the latest quarter, The investment management firm added 6,000 additional shares and now holds a total of 64,000 shares of KapStone Paper and Packaging Corp. which is valued at $985,600.Motley Fool Asset Management reduced its stake in KS by selling 129,517 shares or 53.98% in the most recent quarter. The Hedge Fund company now holds 110,400 shares of KS which is valued at $1,659,312. KapStone Paper and Packaging Corp. makes up approx 0.35% of Motley Fool Asset Management’s portfolio. Creative Planning added KS to its portfolio by purchasing 85 company shares during the most recent quarter which is valued at $1,179.

KapStone Paper and Packaging Corp. opened for trading at $15.3 and hit $15.725 on the upside on Tuesday, eventually ending the session at $15.55, with a gain of 2.17% or 0.33 points. The heightened volatility saw the trading volume jump to 9,75,570 shares. Company has a market cap of $1,502 M.

On the company’s financial health, KapStone Paper and Packaging Corp. reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.30. The company had revenue of $784.91 million for the quarter, compared to analysts expectations of $827.60 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on KapStone Paper and Packaging Corp.. KapStone Paper and Packaging Corp. was Upgraded by Dundee to ” Buy” on Jul 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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