Rhumbline Advisers boosted its position in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,468 shares of the basic materials company’s stock after acquiring an additional 3,555 shares during the period. Rhumbline Advisers owned about 0.19% of KapStone Paper and Packaging worth $3,986,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KS. Teachers Advisors LLC raised its position in KapStone Paper and Packaging by 3.7% in the 1st quarter. Teachers Advisors LLC now owns 153,345 shares of the basic materials company’s stock valued at $3,542,000 after purchasing an additional 5,404 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in KapStone Paper and Packaging by 32.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 31,980 shares of the basic materials company’s stock valued at $659,000 after purchasing an additional 7,800 shares during the last quarter. Texas Permanent School Fund raised its position in KapStone Paper and Packaging by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 64,308 shares of the basic materials company’s stock valued at $1,327,000 after purchasing an additional 607 shares during the last quarter. Trexquant Investment LP purchased a new stake in KapStone Paper and Packaging in the 2nd quarter valued at $468,000. Finally, Schwab Charles Investment Management Inc. raised its position in KapStone Paper and Packaging by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 534,283 shares of the basic materials company’s stock valued at $11,023,000 after purchasing an additional 5,984 shares during the last quarter. Institutional investors own 86.15% of the company’s stock.

A number of equities analysts have commented on the stock. ValuEngine upgraded shares of KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. BidaskClub downgraded shares of KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging in a research report on Wednesday, October 25th. Citigroup assumed coverage on shares of KapStone Paper and Packaging in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Stephens assumed coverage on shares of KapStone Paper and Packaging in a research report on Tuesday, October 24th. They set an “overweight” rating and a $28.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. KapStone Paper and Packaging currently has a consensus rating of “Buy” and a consensus target price of $26.38.

In related news, VP Andrea K. Tarbox sold 32,486 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total value of $680,581.70. Following the sale, the vice president now directly owns 157,336 shares of the company’s stock, valued at approximately $3,296,189.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Chapman sold 70,765 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the completion of the sale, the director now directly owns 445,056 shares in the company, valued at $9,257,164.80. The disclosure for this sale can be found here. 13.09% of the stock is currently owned by corporate insiders.

Shares of KapStone Paper and Packaging Corp. (NYSE:KS) traded down $0.27 on Wednesday, hitting $22.02. 487,900 shares of the stock were exchanged, compared to its average volume of 982,768. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25. The stock has a market cap of $2,161.16, a P/E ratio of 21.43, a PEG ratio of 1.51 and a beta of 2.77. KapStone Paper and Packaging Corp. has a 1-year low of $19.59 and a 1-year high of $24.98.

KapStone Paper and Packaging (NYSE:KS) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The company had revenue of $868.42 million during the quarter, compared to analysts’ expectations of $839.36 million. KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. equities analysts forecast that KapStone Paper and Packaging Corp. will post 1.11 EPS for the current fiscal year.

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KapStone Paper and Packaging Company Profile

KapStone Paper and Packaging Corporation is a producer of containerboard and the kraft paper in North America. The Company operates through two segments: Paper and Packaging, and Distribution. The Paper and Packaging segment manufactures and sells a range of containerboard, corrugated products and specialty paper for industrial and consumer markets.

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

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