SG Americas Securities LLC Buys 4,233 Shares of KapStone Paper and Packaging Corp. (KS)

Share on StockTwits

SG Americas Securities LLC increased its stake in KapStone Paper and Packaging Corp. (NYSE:KS) by 35.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,172 shares of the basic materials company’s stock after acquiring an additional 4,233 shares during the quarter. SG Americas Securities LLC’s holdings in KapStone Paper and Packaging were worth $558,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bluefin Trading LLC acquired a new position in shares of KapStone Paper and Packaging in the 1st quarter worth $2,341,000. Dupont Capital Management Corp grew its holdings in shares of KapStone Paper and Packaging by 53.7% in the 2nd quarter. Dupont Capital Management Corp now owns 116,200 shares of the basic materials company’s stock worth $4,009,000 after acquiring an additional 40,600 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of KapStone Paper and Packaging by 8.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 59,030 shares of the basic materials company’s stock worth $2,025,000 after acquiring an additional 4,729 shares during the last quarter. Glazer Capital LLC acquired a new position in shares of KapStone Paper and Packaging in the 1st quarter worth $6,313,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of KapStone Paper and Packaging by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,302,607 shares of the basic materials company’s stock worth $44,941,000 after acquiring an additional 3,579 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company’s stock.

Shares of KS stock opened at $34.04 on Friday. KapStone Paper and Packaging Corp. has a 1-year low of $20.42 and a 1-year high of $35.01. The company has a current ratio of 2.24, a quick ratio of 1.38 and a debt-to-equity ratio of 1.22. The firm has a market cap of $3.32 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.02 and a beta of 3.25.

KapStone Paper and Packaging (NYSE:KS) last issued its quarterly earnings results on Wednesday, July 25th. The basic materials company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.10. KapStone Paper and Packaging had a return on equity of 16.87% and a net margin of 8.83%. The business had revenue of $912.74 million for the quarter, compared to the consensus estimate of $935.83 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. KapStone Paper and Packaging’s revenue for the quarter was up 10.9% compared to the same quarter last year. equities research analysts anticipate that KapStone Paper and Packaging Corp. will post 2.38 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 11th. Stockholders of record on Friday, September 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.18%. KapStone Paper and Packaging’s dividend payout ratio is 30.30%.

KS has been the topic of a number of research analyst reports. Zacks Investment Research downgraded KapStone Paper and Packaging from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 14th. ValuEngine downgraded KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a report on Friday, July 20th. Eight investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.33.

About KapStone Paper and Packaging

KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.

Featured Story: How Do I Invest in Dividend Stocks

Want to see what other hedge funds are holding KS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KapStone Paper and Packaging Corp. (NYSE:KS).

Institutional Ownership by Quarter for KapStone Paper and Packaging (NYSE:KS)

Receive News & Ratings for KapStone Paper and Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KapStone Paper and Packaging and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.