Huber Capital Management LLC decreased its stake in shares of KapStone Paper and Packaging Corp. (NYSE:KS) by 10.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 449,465 shares of the basic materials company’s stock after selling 55,234 shares during the quarter. Huber Capital Management LLC owned about 0.46% of KapStone Paper and Packaging worth $9,659,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in KS. Victory Capital Management Inc. raised its position in KapStone Paper and Packaging 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 valued at $27,888,000 after purchasing an additional 1,292,605 shares during the period. Westfield Capital Management Co. LP purchased a new stake in KapStone Paper and Packaging in the second quarter valued at $14,866,000. Emerald Advisers Inc. PA purchased a new stake in KapStone Paper and Packaging in the third quarter valued at $9,167,000. Voya Investment Management LLC raised its position in KapStone Paper and Packaging by 23.3% in the second quarter. Voya Investment Management LLC now owns 1,855,316 shares of the basic materials company’s stock valued at $38,276,000 after purchasing an additional 351,094 shares during the period. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in KapStone Paper and Packaging in the third quarter valued at $6,664,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.

KS has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $27.00 target price on shares of KapStone Paper and Packaging in a research report on Friday, October 27th. BMO Capital Markets dropped their price objective on KapStone Paper and Packaging from $28.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, October 27th. Citigroup lifted their price objective on KapStone Paper and Packaging from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research cut KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, KeyCorp reaffirmed a “hold” rating on shares of KapStone Paper and Packaging in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. KapStone Paper and Packaging presently has an average rating of “Buy” and an average price target of $26.38.

KapStone Paper and Packaging Corp. (NYSE KS) traded up $0.18 on Tuesday, reaching $22.29. The company had a trading volume of 963,000 shares, compared to its average volume of 984,891. KapStone Paper and Packaging Corp. has a 1 year low of $19.59 and a 1 year high of $24.98. The firm has a market cap of $2,160.00, a PE ratio of 21.26, a price-to-earnings-growth ratio of 1.50 and a beta of 2.75. 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 (NYSE:KS) last released its earnings results on Wednesday, October 25th. The basic materials company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging had a return on equity of 11.12% and a net margin of 2.29%. The company had revenue of $868.42 million for the quarter, compared to analyst estimates of $839.36 million. During the same period in the previous year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities research analysts anticipate that KapStone Paper and Packaging Corp. will post 1.11 EPS for the current year.

In other KapStone Paper and Packaging news, Director John Chapman sold 70,765 shares of KapStone Paper and Packaging stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the completion of the sale, the director now directly owns 445,056 shares of the company’s stock, valued at approximately $9,257,164.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Andrea K. Tarbox sold 32,486 shares of KapStone Paper and Packaging stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $20.95, for a total value of $680,581.70. Following the sale, the vice president now directly owns 157,336 shares of the company’s stock, valued at $3,296,189.20. The disclosure for this sale can be found here. Insiders own 13.09% of the company’s stock.

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About KapStone Paper and Packaging

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.

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Institutional Ownership by Quarter for KapStone Paper and Packaging (NYSE:KS)

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