Citadel Advisors LLC Grows Holdings in Graphic Packaging Holding (GPK)

Citadel Advisors LLC raised its position in Graphic Packaging Holding (NYSE:GPK) by 123.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,078,232 shares of the industrial products company’s stock after acquiring an additional 1,149,640 shares during the quarter. Citadel Advisors LLC’s holdings in Graphic Packaging were worth $32,109,000 as of its most recent SEC filing.

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

GPK has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “buy” rating and set a $19.00 price objective on shares of Graphic Packaging in a research report on Thursday, February 1st. BMO Capital Markets reissued a “buy” rating and set a $18.00 price objective on shares of Graphic Packaging in a research report on Thursday, January 25th. Zacks Investment Research raised Graphic Packaging from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Monday, January 8th. KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research report on Sunday, October 29th. Finally, Robert W. Baird boosted their price objective on Graphic Packaging from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.10.

Graphic Packaging Holding (GPK) opened at $15.15 on Monday. The company has a market capitalization of $4,692.20, a PE ratio of 15.62, a PEG ratio of 3.24 and a beta of 1.15. Graphic Packaging Holding has a 52-week low of $12.46 and a 52-week high of $16.74. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.63 and a current ratio of 1.37.

Graphic Packaging (NYSE:GPK) last posted 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 business 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%. Graphic Packaging’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. research analysts predict that Graphic Packaging Holding will post 0.94 EPS for the current year.

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Graphic Packaging 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 (NYSE:GPK)

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