Kiwi Wealth Investments Limited Partnership Purchases 13,108 Shares of KapStone Paper and Packaging Corporation (KS)

Kiwi Wealth Investments Limited Partnership raised its position in KapStone Paper and Packaging Corporation (NYSE:KS) by 22.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,118 shares of the basic materials company’s stock after acquiring an additional 13,108 shares during the quarter. Kiwi Wealth Investments Limited Partnership owned approximately 0.07% of KapStone Paper and Packaging Corporation worth $1,528,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in KapStone Paper and Packaging Corporation by 25,123.5% in the third quarter. Victory Capital Management Inc. now owns 1,297,750 shares of the basic materials company’s stock worth $27,888,000 after buying an additional 1,292,605 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in KapStone Paper and Packaging Corporation in the second quarter worth about $14,866,000. Emerald Advisers Inc. PA purchased a new stake in KapStone Paper and Packaging Corporation in the third quarter worth about $9,167,000. Voya Investment Management LLC increased its position in KapStone Paper and Packaging Corporation by 23.3% in the second quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock worth $38,276,000 after buying an additional 351,094 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in KapStone Paper and Packaging Corporation in the third quarter worth about $6,664,000. 85.14% of the stock is currently owned by institutional investors.

A number of analysts have commented on KS shares. Zacks Investment Research upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, July 19th. BidaskClub upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Citigroup Inc. began coverage on KapStone Paper and Packaging Corporation in a research report on Wednesday, August 16th. They set a “buy” rating and a $25.00 target price for the company. Royal Bank Of Canada reiterated a “buy” rating and set a $27.00 target price on shares of KapStone Paper and Packaging Corporation in a research report on Monday, August 21st. Finally, ValuEngine upgraded KapStone Paper and Packaging Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.38.

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KapStone Paper and Packaging Corporation (KS) traded down $0.14 during trading hours on Thursday, hitting $20.80. The stock had a trading volume of 641,100 shares, compared to its average volume of 996,980. The company has a market cap of $2,030.27, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 1.42 and a beta of 2.80. KapStone Paper and Packaging Corporation has a 1-year low of $19.59 and a 1-year high of $24.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.07 and a quick ratio of 1.25.

KapStone Paper and Packaging Corporation (NYSE:KS) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging Corporation had a net margin of 2.29% and a return on equity of 11.12%. The company had revenue of $868.42 million during the quarter, compared to the consensus estimate of $839.36 million. During the same period in the previous year, the business earned $0.37 earnings per share. KapStone Paper and Packaging Corporation’s revenue for the quarter 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 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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