Fulcrum Asset Management LLP Buys 83,289 Shares of Graphic Packaging Holding Company $GPK

Fulcrum Asset Management LLP grew its stake in shares of Graphic Packaging Holding Company (NYSE:GPK) by 285.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 112,425 shares of the industrial products company’s stock after acquiring an additional 83,289 shares during the period. Fulcrum Asset Management LLP’s holdings in Graphic Packaging were worth $1,035,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GPK. Bell Investment Advisors Inc purchased a new position in Graphic Packaging in the 2nd quarter valued at approximately $25,000. Heritage Family Offices LLP acquired a new position in Graphic Packaging during the third quarter worth $34,000. Versant Capital Management Inc boosted its position in Graphic Packaging by 1,075.7% during the second quarter. Versant Capital Management Inc now owns 3,480 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 3,184 shares in the last quarter. Bessemer Group Inc. boosted its position in Graphic Packaging by 259.4% during the first quarter. Bessemer Group Inc. now owns 4,148 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 2,994 shares in the last quarter. Finally, Elevation Wealth Partners LLC grew its holdings in Graphic Packaging by 2,165.1% in the second quarter. Elevation Wealth Partners LLC now owns 4,734 shares of the industrial products company’s stock valued at $50,000 after purchasing an additional 4,525 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

GPK has been the subject of a number of research analyst reports. UBS Group raised their price target on Graphic Packaging from $9.50 to $11.50 and gave the company a “neutral” rating in a research report on Wednesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Graphic Packaging in a research report on Monday, September 21st. JPMorgan Chase & Co. increased their price objective on shares of Graphic Packaging from $11.50 to $12.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. Wells Fargo & Company dropped their target price on shares of Graphic Packaging from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Monday, October 19th. Finally, Citigroup cut their target price on shares of Graphic Packaging from $13.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $11.01.

Graphic Packaging Stock Performance

Shares of GPK stock opened at $10.80 on Friday. The company has a market cap of $3.20 billion, a P/E ratio of 43.19 and a beta of 0.65. The business has a 50 day moving average of $9.41 and a two-hundred day moving average of $10.54. Graphic Packaging Holding Company has a 52 week low of $8.15 and a 52 week high of $16.61. The company has a quick ratio of 0.52, a current ratio of 1.19 and a debt-to-equity ratio of 1.45.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. Graphic Packaging had a return on equity of 6.78% and a net margin of 0.86%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter last year, the business posted $0.58 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts anticipate that Graphic Packaging Holding Company will post 0.68 EPS for the current year.

Graphic Packaging Profile

Graphic Packaging Holding Company, through its subsidiary Graphic Packaging International, makes fiber-based packaging for food, beverages, foodservice and other consumer products. Its offerings include folding cartons, paper cups, foodservice containers and packaging designed to group or protect products. The company also produces paperboard used in many of its packaging products and provides design and packaging services to consumer-goods companies. Its operations serve customers in North America and international markets.