KapStone Paper and Packaging Corp. (KS) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC raised its position in KapStone Paper and Packaging Corp. (NYSE:KS) by 43.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,486 shares of the company’s stock after buying an additional 56,051 shares during the period. Guggenheim Capital LLC’s holdings in KapStone Paper and Packaging Corp. were worth $4,068,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in KapStone Paper and Packaging Corp. by 2.0% in the third quarter. Arizona State Retirement System now owns 45,451 shares of the company’s stock worth $860,000 after buying an additional 900 shares during the period. First Trust Advisors LP raised its stake in KapStone Paper and Packaging Corp. by 11.8% in the third quarter. First Trust Advisors LP now owns 136,673 shares of the company’s stock worth $2,586,000 after buying an additional 14,451 shares during the period. State of Wisconsin Investment Board raised its stake in KapStone Paper and Packaging Corp. by 51.7% in the third quarter. State of Wisconsin Investment Board now owns 824,323 shares of the company’s stock worth $15,596,000 after buying an additional 280,800 shares during the period. Capital Fund Management S.A. acquired a new stake in KapStone Paper and Packaging Corp. during the third quarter worth approximately $5,542,000. Finally, Stoneridge Investment Partners LLC raised its stake in KapStone Paper and Packaging Corp. by 3.8% in the third quarter. Stoneridge Investment Partners LLC now owns 84,811 shares of the company’s stock worth $1,605,000 after buying an additional 3,112 shares during the period. Institutional investors and hedge funds own 80.22% of the company’s stock.

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

KapStone Paper and Packaging Corp. (NYSE:KS) opened at 23.74 on Monday. KapStone Paper and Packaging Corp. has a 12 month low of $12.14 and a 12 month high of $24.98. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 26.98 and a beta of 2.82. The firm has a 50-day moving average price of $23.21 and a 200-day moving average price of $21.03.

KapStone Paper and Packaging Corp. (NYSE:KS) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by $0.01. KapStone Paper and Packaging Corp. had a net margin of 2.80% and a return on equity of 11.90%. The firm had revenue of $777 million for the quarter, compared to analyst estimates of $760.42 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts anticipate that KapStone Paper and Packaging Corp. will post $1.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 12th. Shareholders of record on Wednesday, March 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 27th. This represents a $0.40 annualized dividend and a yield of 1.68%. KapStone Paper and Packaging Corp.’s dividend payout ratio is currently 44.94%.

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A number of research firms recently commented on KS. Barclays PLC lowered KapStone Paper and Packaging Corp. from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $22.00 to $24.00 in a research report on Monday, February 6th. KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a research report on Wednesday, February 8th. Bank of America Corp restated a “buy” rating and set a $29.00 price target on shares of KapStone Paper and Packaging Corp. in a research report on Tuesday, February 21st. Finally, Wells Fargo & Co lowered KapStone Paper and Packaging Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, November 21st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $22.27.

KapStone Paper and Packaging Corp. Company Profile

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

5 Day Chart for NYSE:KS

Want to see what other hedge funds are holding KS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KapStone Paper and Packaging Corp. (NYSE:KS).

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