Huber Capital Management LLC decreased its stake in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 392,565 shares of the basic materials company’s stock after selling 44,800 shares during the period. Huber Capital Management LLC owned 0.40% of KapStone Paper and Packaging worth $13,312,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in KS. BlackRock Inc. boosted its holdings in KapStone Paper and Packaging by 9.1% in the 2nd quarter. BlackRock Inc. now owns 12,794,147 shares of the basic materials company’s stock valued at $441,397,000 after purchasing an additional 1,071,702 shares during the period. LMR Partners LLP bought a new stake in KapStone Paper and Packaging in the 2nd quarter valued at about $27,500,000. Gardner Lewis Asset Management L P boosted its holdings in KapStone Paper and Packaging by 74.5% in the 2nd quarter. Gardner Lewis Asset Management L P now owns 1,792,144 shares of the basic materials company’s stock valued at $61,829,000 after purchasing an additional 765,382 shares during the period. Millennium Management LLC bought a new stake in KapStone Paper and Packaging in the 2nd quarter valued at about $9,741,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in KapStone Paper and Packaging in the 2nd quarter valued at about $9,267,000. 81.51% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research raised shares of KapStone Paper and Packaging from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 31st. Eight research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $32.33.

NYSE KS opened at $34.95 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 2.28 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 26.48, a price-to-earnings-growth ratio of 1.06 and a beta of 2.79. KapStone Paper and Packaging Corp. has a 12-month low of $20.51 and a 12-month high of $35.10.

KapStone Paper and Packaging (NYSE:KS) last issued its earnings results on Tuesday, October 23rd. The basic materials company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.68 by $0.10. The company had revenue of $893.60 million during the quarter, compared to analysts’ expectations of $923.10 million. KapStone Paper and Packaging had a net margin of 9.99% and a return on equity of 18.99%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. On average, research analysts forecast that KapStone Paper and Packaging Corp. will post 2.36 EPS for the current fiscal year.

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KapStone Paper and Packaging Profile

KapStone Paper and Packaging Corporation produces and sells a range of containerboards, corrugated products, and specialty paper products in the United States and internationally. The company operates in two segments, Paper and Packaging, and Distribution. The Paper and Packaging segment offers containerboards consisting of linerboard and corrugated medium to manufacture corrugated containers for packaging products; and corrugated products.

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

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