Dynamic Technology Lab Private Ltd increased its stake in KapStone Paper and Packaging Corp. (NYSE:KS) by 63.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,394 shares of the basic materials company’s stock after purchasing an additional 10,220 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in KapStone Paper and Packaging were worth $567,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of KS. Victory Capital Management Inc. boosted its stake in KapStone Paper and Packaging by 25,123.5% in the third quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock worth $27,888,000 after buying an additional 1,292,605 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in KapStone Paper and Packaging in the second quarter worth approximately $14,866,000. Emerald Advisers Inc. PA purchased a new stake in KapStone Paper and Packaging in the third quarter worth approximately $9,167,000. Voya Investment Management LLC boosted its stake in KapStone Paper and Packaging by 23.3% in the second quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock worth $38,276,000 after buying an additional 351,094 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in KapStone Paper and Packaging in the third quarter worth approximately $6,664,000. Institutional investors own 83.91% of the company’s stock.

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

Several brokerages have issued reports on KS. ValuEngine lowered KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. KeyCorp reaffirmed a “hold” rating on shares of KapStone Paper and Packaging in a research note on Wednesday, October 25th. BidaskClub lowered KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Citigroup Inc. began coverage on KapStone Paper and Packaging in a research note on Wednesday, August 16th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Stephens began 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $26.38.

KapStone Paper and Packaging Corp. (KS) traded down $0.16 during trading hours on Monday, hitting $20.81. The stock had a trading volume of 257,800 shares, compared to its average volume of 987,020. The stock has a market capitalization of $2,017.68, a price-to-earnings ratio of 20.01, a PEG ratio of 1.41 and a beta of 2.80. KapStone Paper and Packaging Corp. has a 52-week low of $19.59 and a 52-week high of $24.98. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.25 and a current ratio of 2.07.

KapStone Paper and Packaging (NYSE:KS) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share 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 analysts’ expectations of $839.36 million. KapStone Paper and Packaging had a net margin of 3.46% and a return on equity of 12.89%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. equities research analysts forecast that KapStone Paper and Packaging Corp. will post 1.11 EPS for the current fiscal year.

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About KapStone Paper and Packaging

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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