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

KapStone Paper and Packaging Corp. (KS) : Lonestar Capital Management reduced its stake in KapStone Paper and Packaging Corp. by 77.27% during the most recent quarter end. The investment management company now holds a total of 100,000 shares of KapStone Paper and Packaging Corp. which is valued at $1,540,000 after selling 340,000 shares in KapStone Paper and Packaging Corp. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.KapStone Paper and Packaging Corp. makes up approximately 1.69% of Lonestar Capital Management’s portfolio.

Other Hedge Funds, Including , A.r.t. Advisors boosted its stake in KS in the latest quarter, The investment management firm added 12,722 additional shares and now holds a total of 91,028 shares of KapStone Paper and Packaging Corp. which is valued at $1,401,831. KapStone Paper and Packaging Corp. makes up approx 0.07% of A.r.t. Advisors’s portfolio.Parametric Portfolio Associates boosted its stake in KS in the latest quarter, The investment management firm added 39,559 additional shares and now holds a total of 109,375 shares of KapStone Paper and Packaging Corp. which is valued at $1,684,375.Comerica Bank reduced its stake in KS by selling 2,151 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 92,698 shares of KS which is valued at $1,427,549. KapStone Paper and Packaging Corp. makes up approx 0.01% of Comerica Bank’s portfolio.Vanguard Group Inc boosted its stake in KS in the latest quarter, The investment management firm added 319,320 additional shares and now holds a total of 7,052,585 shares of KapStone Paper and Packaging Corp. which is valued at $108,609,809. KapStone Paper and Packaging Corp. makes up approx 0.01% of Vanguard Group Inc’s portfolio.New York State Teachers Retirement System reduced its stake in KS by selling 19,600 shares or 20.13% in the most recent quarter. The Hedge Fund company now holds 77,751 shares of KS which is valued at $1,136,720.

KapStone Paper and Packaging Corp. opened for trading at $17.5 and hit $18 on the upside on Thursday, eventually ending the session at $17.99, with a gain of 2.74% or 0.48 points. The heightened volatility saw the trading volume jump to 10,95,417 shares. Company has a market cap of $1,737 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.

Investors should note that on Aug 17, 2016, KapStone Paper and Packaging Corp. announced a cash dividend of $0.1000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 13, 2016.

Many Wall Street Analysts have commented on KapStone Paper and Packaging Corp.. KapStone Paper and Packaging Corp. was Upgraded by BofA/Merrill to ” Neutral” on Aug 29, 2016. 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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