426,578 Shares in KapStone Paper and Packaging Corporation (KS) Acquired by Emerald Advisers Inc. PA

Emerald Advisers Inc. PA purchased a new stake in KapStone Paper and Packaging Corporation (NYSE:KS) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 426,578 shares of the company’s stock, valued at approximately $9,167,000. Emerald Advisers Inc. PA owned approximately 0.44% of KapStone Paper and Packaging Corporation as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in KS. Bridge City Capital LLC purchased a new position in KapStone Paper and Packaging Corporation during the 2nd quarter worth approximately $1,467,000. Cipher Capital LP increased its holdings in shares of KapStone Paper and Packaging Corporation by 18.4% during the 2nd quarter. Cipher Capital LP now owns 30,775 shares of the company’s stock valued at $635,000 after purchasing an additional 4,784 shares in the last quarter. State Street Corp increased its holdings in shares of KapStone Paper and Packaging Corporation by 0.9% during the 1st quarter. State Street Corp now owns 2,045,971 shares of the company’s stock valued at $47,263,000 after purchasing an additional 18,772 shares in the last quarter. Northern Trust Corp increased its holdings in shares of KapStone Paper and Packaging Corporation by 6.2% during the 2nd quarter. Northern Trust Corp now owns 1,505,378 shares of the company’s stock valued at $31,056,000 after purchasing an additional 88,244 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of KapStone Paper and Packaging Corporation by 34.2% during the 2nd quarter. First Trust Advisors LP now owns 113,615 shares of the company’s stock valued at $2,344,000 after purchasing an additional 28,985 shares in the last quarter. Institutional investors and hedge funds own 85.14% of the company’s stock.

A number of research firms recently issued reports on KS. Zacks Investment Research cut shares of KapStone Paper and Packaging Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Royal Bank Of Canada reissued a “buy” rating and set a $27.00 price target on shares of KapStone Paper and Packaging Corporation in a research report on Friday, October 27th. BMO Capital Markets lowered their price target on shares of KapStone Paper and Packaging Corporation from $28.00 to $26.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Citigroup Inc. boosted their price target on shares of KapStone Paper and Packaging Corporation from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, KeyCorp restated a “hold” rating on shares of KapStone Paper and Packaging Corporation in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of C$26.38.

KapStone Paper and Packaging Corporation (NYSE:KS) traded down C$0.30 during trading on Monday, hitting C$21.04. The stock had a trading volume of 1,088,200 shares, compared to its average volume of 1,000,910. 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 52 week low of C$19.10 and a 52 week high of C$24.98. The stock has a market cap of $2,040.00, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.42 and a beta of 2.79.

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

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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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