Paradigm Capital Management Inc. NY Increases Stake in KapStone Paper and Packaging Corporation (KS)

Paradigm Capital Management Inc. NY grew its stake in shares of KapStone Paper and Packaging Corporation (NYSE:KS) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,680,800 shares of the company’s stock after buying an additional 8,950 shares during the period. KapStone Paper and Packaging Corporation accounts for approximately 3.1% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 4th biggest holding. Paradigm Capital Management Inc. NY owned approximately 1.73% of KapStone Paper and Packaging Corporation worth $36,120,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in KapStone Paper and Packaging Corporation by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 7,742,360 shares of the company’s stock worth $178,849,000 after purchasing an additional 134,457 shares during the period. Dimensional Fund Advisors LP boosted its position in KapStone Paper and Packaging Corporation by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,819,078 shares of the company’s stock worth $99,418,000 after purchasing an additional 15,141 shares during the period. State Street Corp boosted its position in KapStone Paper and Packaging Corporation by 2.1% during the 2nd quarter. State Street Corp now owns 2,088,779 shares of the company’s stock worth $43,094,000 after purchasing an additional 42,808 shares during the period. Macquarie Group Ltd. lifted its holdings in KapStone Paper and Packaging Corporation by 8.4% in the 2nd quarter. Macquarie Group Ltd. now owns 1,989,820 shares of the company’s stock worth $41,050,000 after buying an additional 153,462 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in KapStone Paper and Packaging Corporation by 23.3% in the 2nd quarter. Voya Investment Management LLC now owns 1,855,316 shares of the company’s stock worth $38,276,000 after buying an additional 351,094 shares in the last quarter. 85.67% of the stock is owned by institutional investors.

A number of equities analysts have commented on KS shares. Citigroup Inc. boosted their price objective on shares of KapStone Paper and Packaging Corporation from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, October 27th. BidaskClub upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, July 19th. BMO Capital Markets reiterated a “buy” rating and issued a $28.00 price objective on shares of KapStone Paper and Packaging Corporation in a report on Tuesday, July 18th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $27.00 target price on shares of KapStone Paper and Packaging Corporation in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. KapStone Paper and Packaging Corporation presently has an average rating of “Hold” and an average target price of C$26.38.

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Shares of KapStone Paper and Packaging Corporation (KS) traded down C$0.30 during trading hours on Friday, hitting C$21.04. 1,090,000 shares of the company were exchanged, compared to its average volume of 1,097,836. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. KapStone Paper and Packaging Corporation has a twelve month low of C$19.10 and a twelve month high of C$24.98. The company has a market cap of $2,039.98, a P/E ratio of 20.23, a PEG ratio of 1.42 and a beta of 2.80.

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

KapStone Paper and Packaging Corporation 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.

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

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