Bank of New York Mellon Corp trimmed its position in KapStone Paper and Packaging Corp. (NYSE:KS) by 6.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,318,843 shares of the basic materials company’s stock after selling 93,647 shares during the period. Bank of New York Mellon Corp owned 1.36% of KapStone Paper and Packaging worth $28,341,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in KapStone Paper and Packaging by 2.0% during the 3rd quarter. Rhumbline Advisers now owns 185,468 shares of the basic materials company’s stock worth $3,986,000 after acquiring an additional 3,555 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in KapStone Paper and Packaging by 38.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 44,260 shares of the basic materials company’s stock worth $951,000 after acquiring an additional 12,280 shares during the period. Paradigm Capital Management Inc. NY grew its holdings in KapStone Paper and Packaging by 0.5% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,680,800 shares of the basic materials company’s stock worth $36,120,000 after acquiring an additional 8,950 shares during the period. Sei Investments Co. grew its holdings in KapStone Paper and Packaging by 46,008.8% during the 3rd quarter. Sei Investments Co. now owns 78,846 shares of the basic materials company’s stock worth $1,695,000 after acquiring an additional 78,675 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in KapStone Paper and Packaging by 53.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 45,698 shares of the basic materials company’s stock worth $982,000 after acquiring an additional 15,843 shares during the period. 86.15% of the stock is owned by institutional investors and hedge funds.

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

KapStone Paper and Packaging Corp. (KS) traded up $0.07 during mid-day trading on Tuesday, reaching $21.96. The company’s stock had a trading volume of 387,100 shares, compared to its average volume of 975,703. The firm has a market cap of $2,122.38, a P/E ratio of 21.05, a P/E/G ratio of 1.52 and a beta of 2.77. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25. KapStone Paper and Packaging Corp. has a fifty-two week low of $19.59 and a fifty-two week high of $24.98.

KapStone Paper and Packaging (NYSE:KS) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The company had revenue of $868.42 million for the quarter, compared to analyst estimates of $839.36 million. KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. KapStone Paper and Packaging’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. equities research analysts expect that KapStone Paper and Packaging Corp. will post 1.11 earnings per share for the current year.

Several analysts have recently commented on the company. Stephens assumed coverage on KapStone Paper and Packaging in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $28.00 target price for the company. Royal Bank of Canada restated a “buy” rating and issued a $27.00 target price on shares of KapStone Paper and Packaging in a research note on Monday, August 21st. ValuEngine upgraded KapStone Paper and Packaging from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging in a research note on Wednesday, October 25th. Finally, Zacks Investment Research downgraded KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. KapStone Paper and Packaging currently has an average rating of “Buy” and an average price target of $26.38.

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KapStone Paper and Packaging 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.

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

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