State of Tennessee Treasury Department reduced its position in shares of KapStone Paper and Packaging Corporation (NYSE:KS) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,328 shares of the basic materials company’s stock after selling 4,892 shares during the quarter. State of Tennessee Treasury Department owned 0.16% of KapStone Paper and Packaging Corporation worth $3,359,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KS. Victory Capital Management Inc. raised its stake in KapStone Paper and Packaging Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,145 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 771 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of KapStone Paper and Packaging Corporation by 4.2% in the second quarter. Public Employees Retirement System of Ohio now owns 5,947 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 239 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of KapStone Paper and Packaging Corporation by 77.3% in the second quarter. Riverhead Capital Management LLC now owns 8,864 shares of the basic materials company’s stock worth $183,000 after acquiring an additional 3,864 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of KapStone Paper and Packaging Corporation by 75.3% in the second quarter. Flinton Capital Management LLC now owns 8,942 shares of the basic materials company’s stock worth $184,000 after acquiring an additional 3,842 shares during the last quarter. Finally, SFE Investment Counsel acquired a new position in shares of KapStone Paper and Packaging Corporation in the third quarter worth $215,000. 85.14% of the stock is currently owned by institutional investors.

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A number of equities analysts have recently weighed in on KS shares. BidaskClub raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $27.00 price target on shares of KapStone Paper and Packaging Corporation in a research note on Friday, October 27th. Citigroup Inc. upped their price target on shares of KapStone Paper and Packaging Corporation from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. ValuEngine raised shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of KapStone Paper and Packaging Corporation from a “strong-buy” rating to a “hold” rating in a research note on Saturday, July 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.38.

Shares of KapStone Paper and Packaging Corporation (NYSE:KS) opened at $20.95 on Friday. The stock has a market cap of $2,016.70, a price-to-earnings ratio of 20.00, a P/E/G ratio of 1.41 and a beta of 2.80. KapStone Paper and Packaging Corporation has a fifty-two week low of $19.59 and a fifty-two week high of $24.98. The company has a quick ratio of 1.25, a current ratio of 2.07 and a debt-to-equity ratio of 1.64.

KapStone Paper and Packaging Corporation (NYSE:KS) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). The business had revenue of $868.42 million during the quarter, compared to the consensus estimate of $839.36 million. KapStone Paper and Packaging Corporation had a return on equity of 11.12% and a net margin of 2.29%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. analysts anticipate that KapStone Paper and Packaging Corporation will post 1.11 EPS for the current fiscal year.

About KapStone Paper and Packaging Corporation

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 Corporation (NYSE:KS)

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