Jana Partners adds Graphic Packaging Holding Company (GPK) to its portfolio

Graphic Packaging Holding Company (GPK) : Jana Partners added new position in Graphic Packaging Holding Company during the most recent quarter end. The investment management firm now holds 10,341,584 shares of Graphic Packaging Holding Company which is valued at $142,713,859 , the company said in a statement filed on Aug 15, 2016 with the SEC.Graphic Packaging Holding Company makes up approximately 2.52% of Jana Partners’s portfolio.

Other Hedge Funds, Including , Verition Fund Management added GPK to its portfolio by purchasing 15,446 company shares during the most recent quarter which is valued at $213,155. Graphic Packaging Holding Company makes up approx 0.05% of Verition Fund Management’s portfolio.Manning Napier Advisors reduced its stake in GPK by selling 32,715 shares or 12.95% in the most recent quarter. The Hedge Fund company now holds 219,875 shares of GPK which is valued at $3,027,679. Graphic Packaging Holding Company makes up approx 0.02% of Manning Napier Advisors’s portfolio. Her Majesty The Queen In Right Of The Province Of Alberta… added GPK to its portfolio by purchasing 10,200 company shares during the most recent quarter which is valued at $139,026. Quantitative Systematic Strategies sold out all of its stake in GPK during the most recent quarter. The investment firm sold 12,102 shares of GPK which is valued $165,071.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Graphic Packaging Holding Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Graphic Packaging Holding Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.