American Century Companies Inc. increased its position in Graphic Packaging Holding Company (NYSE:GPK) by 241.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,844,681 shares of the industrial products company’s stock after acquiring an additional 11,210,161 shares during the period. American Century Companies Inc. owned about 5.11% of Graphic Packaging Holding worth $221,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Csenge Advisory Group purchased a new position in Graphic Packaging Holding in the 3rd quarter worth approximately $300,000. Wright Investors Service Inc. grew its position in Graphic Packaging Holding by 14.1% in the 3rd quarter. Wright Investors Service Inc. now owns 91,197 shares of the industrial products company’s stock worth $1,272,000 after purchasing an additional 11,247 shares during the period. Victory Capital Management Inc. grew its position in Graphic Packaging Holding by 4.8% in the 3rd quarter. Victory Capital Management Inc. now owns 5,062,500 shares of the industrial products company’s stock worth $70,622,000 after purchasing an additional 231,100 shares during the period. Pictet Asset Management Ltd. grew its position in Graphic Packaging Holding by 3.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 987,941 shares of the industrial products company’s stock worth $13,782,000 after purchasing an additional 28,409 shares during the period. Finally, First Quadrant L P CA grew its position in Graphic Packaging Holding by 1.9% in the 3rd quarter. First Quadrant L P CA now owns 1,823,077 shares of the industrial products company’s stock worth $25,432,000 after purchasing an additional 33,783 shares during the period. Institutional investors own 95.10% of the company’s stock.

GPK has been the subject of a number of research analyst reports. DA Davidson initiated coverage on shares of Graphic Packaging Holding in a research report on Monday, July 10th. They issued a “buy” rating and a $17.50 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $15.00 target price (up previously from $14.00) on shares of Graphic Packaging Holding in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of Graphic Packaging Holding from a “hold” rating to a “sell” rating in a research report on Friday, July 14th. BidaskClub downgraded shares of Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $15.50 target price on shares of Graphic Packaging Holding in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Graphic Packaging Holding currently has a consensus rating of “Buy” and a consensus target price of $16.13.

Shares of Graphic Packaging Holding Company (NYSE GPK) traded down $0.13 during mid-day trading on Tuesday, hitting $15.34. 914,636 shares of the stock were exchanged, compared to its average volume of 3,510,000. Graphic Packaging Holding Company has a 12-month low of $12.00 and a 12-month high of $15.85. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50. The company has a market cap of $4,790.00, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 4.76 and a beta of 1.20.

Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Graphic Packaging Holding had a net margin of 3.70% and a return on equity of 17.27%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. sell-side analysts expect that Graphic Packaging Holding Company will post 0.66 earnings per share for the current fiscal year.

In other news, VP Deborah R. Frank sold 38,266 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $15.51, for a total transaction of $593,505.66. Following the completion of the sale, the vice president now owns 77,139 shares of the company’s stock, valued at approximately $1,196,425.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

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Graphic Packaging Holding Company Profile

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.

Institutional Ownership by Quarter for Graphic Packaging Holding (NYSE:GPK)

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