GSA Capital Partners LLP lowered its holdings in Koppers Holdings Inc. (NYSE:KOP) by 63.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,873 shares of the specialty chemicals company’s stock after selling 64,737 shares during the quarter. GSA Capital Partners LLP owned 0.18% of Koppers worth $1,748,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in KOP. Arizona State Retirement System grew its position in shares of Koppers by 0.9% in the second quarter. Arizona State Retirement System now owns 10,886 shares of the specialty chemicals company’s stock valued at $394,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan grew its position in shares of Koppers by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 4,880 shares of the specialty chemicals company’s stock valued at $176,000 after purchasing an additional 210 shares during the period. Texas Permanent School Fund grew its position in shares of Koppers by 1.5% in the second quarter. Texas Permanent School Fund now owns 15,191 shares of the specialty chemicals company’s stock valued at $549,000 after purchasing an additional 229 shares during the period. Wells Fargo & Company MN grew its position in shares of Koppers by 0.8% in the second quarter. Wells Fargo & Company MN now owns 33,677 shares of the specialty chemicals company’s stock valued at $1,217,000 after purchasing an additional 274 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Koppers by 3.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,050 shares of the specialty chemicals company’s stock valued at $580,000 after purchasing an additional 474 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Koppers Holdings Inc. (NYSE:KOP) traded up $1.60 during trading hours on Monday, hitting $48.80. 390,800 shares of the stock traded hands, compared to its average volume of 121,549. The company has a current ratio of 2.02, a quick ratio of 1.13 and a debt-to-equity ratio of 6.08. The stock has a market capitalization of $1,012.36, a P/E ratio of 13.22, a P/E/G ratio of 0.72 and a beta of 1.01. Koppers Holdings Inc. has a 12-month low of $33.90 and a 12-month high of $51.80.

Koppers (NYSE:KOP) last posted its quarterly earnings results on Thursday, November 9th. The specialty chemicals company reported $1.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.55. The firm had revenue of $384.80 million for the quarter, compared to the consensus estimate of $363.00 million. Koppers had a net margin of 3.54% and a return on equity of 119.06%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.99 earnings per share. analysts expect that Koppers Holdings Inc. will post 3.75 earnings per share for the current year.

Several analysts have recently issued reports on KOP shares. Barrington Research reiterated an “outperform” rating and issued a $55.00 target price on shares of Koppers in a research report on Thursday, September 14th. Zacks Investment Research lowered shares of Koppers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Jefferies Group reiterated a “hold” rating and issued a $40.00 target price on shares of Koppers in a research report on Thursday, October 12th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. Koppers has a consensus rating of “Buy” and an average price target of $47.20.

In other news, VP Leslie S. Hyde sold 1,800 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $77,400.00. Following the transaction, the vice president now directly owns 19,927 shares of the company’s stock, valued at $856,861. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Leslie S. Hyde sold 1,810 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $45.00, for a total transaction of $81,450.00. Following the completion of the transaction, the vice president now directly owns 19,727 shares in the company, valued at $887,715. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

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About Koppers

Koppers Holdings Inc is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The RUPS business sells treated and untreated wood products, rail joint bars and services primarily to the railroad markets.

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Institutional Ownership by Quarter for Koppers (NYSE:KOP)

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