Stock Traders Buy Large Volume of Graphic Packaging Call Options (GPK)

Graphic Packaging Holding (NYSE:GPK) was the target of some unusual options trading activity on Thursday. Traders bought 4,063 call options on the stock. This represents an increase of approximately 1,433% compared to the typical volume of 265 call options.

A number of large investors have recently added to or reduced their stakes in GPK. American International Group Inc. purchased a new stake in Graphic Packaging during the 4th quarter worth approximately $109,000. Cutler Group LP grew its position in Graphic Packaging by 706.7% during the 4th quarter. Cutler Group LP now owns 8,204 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 7,187 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Graphic Packaging by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 774 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in Graphic Packaging during the 4th quarter worth approximately $232,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Graphic Packaging by 42.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,841 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 5,023 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on GPK. BMO Capital Markets cut their price objective on shares of Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Graphic Packaging in a research report on Thursday, February 1st. Robert W. Baird lifted their price objective on shares of Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. KeyCorp reaffirmed a “hold” rating on shares of Graphic Packaging in a research report on Sunday, October 29th. Finally, Zacks Investment Research downgraded shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Graphic Packaging currently has a consensus rating of “Buy” and an average target price of $17.10.

Graphic Packaging (NYSE:GPK) opened at $15.02 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.37 and a quick ratio of 0.63. Graphic Packaging has a 12-month low of $12.46 and a 12-month high of $16.74. The stock has a market cap of $4,682.90, a P/E ratio of 23.63, a PEG ratio of 3.23 and a beta of 1.15.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Graphic Packaging had a return on equity of 17.09% and a net margin of 6.82%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. research analysts forecast that Graphic Packaging will post 0.94 earnings per share for the current year.

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About Graphic Packaging

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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