Csenge Advisory Group acquired a new stake in shares of Graphic Packaging Holding Company (NYSE:GPK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,490 shares of the industrial products company’s stock, valued at approximately $300,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp increased its position in Graphic Packaging Holding by 1.6% during the 2nd quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 117 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Graphic Packaging Holding by 0.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock worth $112,000 after purchasing an additional 61 shares during the period. Eagle Boston Investment Management Inc. lifted its stake in shares of Graphic Packaging Holding by 1.5% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 163 shares during the period. SG Americas Securities LLC purchased a new position in shares of Graphic Packaging Holding in the 1st quarter worth $150,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Graphic Packaging Holding by 10.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,818 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,123 shares during the period. 98.23% of the stock is owned by hedge funds and other institutional investors.
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Graphic Packaging Holding Company (GPK) traded down $0.16 during trading on Monday, hitting $15.25. 3,220,600 shares of the stock traded hands, compared to its average volume of 4,011,031. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. Graphic Packaging Holding Company has a fifty-two week low of $12.00 and a fifty-two week high of $15.85. The stock has a market cap of $4,723.14, a PE ratio of 25.00, a P/E/G ratio of 4.64 and a beta of 1.20.
Graphic Packaging Holding (NYSE:GPK) last released its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Graphic Packaging Holding had a net margin of 3.70% and a return on equity of 17.27%. Graphic Packaging Holding’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. research analysts anticipate that Graphic Packaging Holding Company will post 0.66 earnings per share for the current year.
Several analysts have recently weighed in on the company. BidaskClub downgraded Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging Holding in a report on Wednesday, October 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $15.00 price target on shares of Graphic Packaging Holding in a report on Tuesday, October 10th. Finally, Robert W. Baird lifted their price target on Graphic Packaging Holding from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $16.13.
In other news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the transaction, the vice president now owns 77,139 shares in the company, valued at approximately $1,196,425.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.02% of the company’s stock.
About Graphic Packaging Holding
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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