KapStone Paper and Packaging Corp. (KS) : Simplex Trading scooped up 8,607 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 Oct 7, 2016. The investment management firm now holds a total of 22,596 shares of KapStone Paper and Packaging Corp. which is valued at $431,358.KapStone Paper and Packaging Corp. makes up approximately 0.06% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in KS by selling 13,725 shares or 50.15% in the most recent quarter. The Hedge Fund company now holds 13,641 shares of KS which is valued at $247,584.
KapStone Paper and Packaging Corp. opened for trading at $18.6 and hit $19.12 on the upside on Friday, eventually ending the session at $19.09, with a gain of 2.47% or 0.46 points. The heightened volatility saw the trading volume jump to 19,99,518 shares. Company has a market cap of $1,844 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.. 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 Corp. was Downgraded by Standpoint Research to ” Hold” on Sep 16, 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.