Caxton Associates LP Buys New Position in Graphic Packaging Holding Company (GPK)

Caxton Associates LP bought a new stake in Graphic Packaging Holding Company (NYSE:GPK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 41,000 shares of the industrial products company’s stock, valued at approximately $565,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its stake in Graphic Packaging Holding by 0.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 8,100 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 61 shares in the last quarter. Van ECK Associates Corp lifted its stake in Graphic Packaging Holding by 1.6% in the 2nd quarter. Van ECK Associates Corp now owns 7,630 shares of the industrial products company’s stock valued at $105,000 after acquiring an additional 117 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Graphic Packaging Holding by 0.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 15,270 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 123 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its stake in Graphic Packaging Holding by 1.5% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company’s stock valued at $148,000 after acquiring an additional 163 shares in the last quarter. Finally, American Trust Investment Advisors LLC lifted its stake in Graphic Packaging Holding by 0.6% in the 2nd quarter. American Trust Investment Advisors LLC now owns 145,780 shares of the industrial products company’s stock valued at $2,009,000 after acquiring an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 95.00% of the company’s stock.

Several research firms have commented on GPK. BidaskClub cut Graphic Packaging Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Graphic Packaging Holding from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Royal Bank Of Canada restated a “buy” rating and issued a $15.00 target price on shares of Graphic Packaging Holding in a research note on Tuesday. KeyCorp restated a “hold” rating on shares of Graphic Packaging Holding in a research note on Tuesday. Finally, DA Davidson began coverage on Graphic Packaging Holding in a research note on Monday, July 10th. They issued a “buy” rating and a $17.50 target price on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.54.

Shares of Graphic Packaging Holding Company (GPK) traded down 0.105% during midday trading on Wednesday, hitting $14.315. The stock had a trading volume of 201,503 shares. The company’s 50 day moving average is $13.44 and its 200 day moving average is $13.43. Graphic Packaging Holding Company has a 52 week low of $12.00 and a 52 week high of $14.37. The firm has a market cap of $4.44 billion, a P/E ratio of 26.558 and a beta of 1.16.

Graphic Packaging Holding (NYSE:GPK) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. Graphic Packaging Holding had a return on equity of 18.22% and a net margin of 3.98%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities analysts predict that Graphic Packaging Holding Company will post $0.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Stockholders of record on Friday, September 15th were issued a $0.075 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.09%. Graphic Packaging Holding’s dividend payout ratio is presently 54.55%.

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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.

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

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