Shares of KapStone Paper and Packaging Corp. (NYSE:KS) were up 2.4% during mid-day trading on Tuesday . The company traded as high as $15.77 and last traded at $15.58, with a volume of 410,727 shares. The stock had previously closed at $15.21.

A number of analysts recently issued reports on KS shares. Vetr downgraded KapStone Paper and Packaging Corp. from a “strong-buy” rating to a “buy” rating and set a $15.18 price objective for the company. in a research report on Monday, April 18th. Dundee Securities downgraded KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. Barclays PLC raised their price objective on KapStone Paper and Packaging Corp. from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, May 2nd. Deutsche Bank AG restated a “hold” rating on shares of KapStone Paper and Packaging Corp. in a report on Wednesday, May 18th. Finally, Zacks Investment Research cut KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. KapStone Paper and Packaging Corp. currently has an average rating of “Hold” and an average target price of $17.02.

The stock’s 50-day moving average is $14.18 and its 200 day moving average is $13.74. The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of 18.22.

KapStone Paper and Packaging Corp. (NYSE:KS) last issued its earnings results on Wednesday, July 27th. The company reported $0.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.02. During the same period last year, the firm earned $0.44 earnings per share. The firm earned $784.91 million during the quarter, compared to the consensus estimate of $820.11 million. KapStone Paper and Packaging Corp.’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, equities analysts expect that KapStone Paper and Packaging Corp. will post $1.18 earnings per share for the current fiscal year.

In related news, Director Jonathan R. Furer sold 25,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $15.09, for a total value of $377,250.00. Following the completion of the transaction, the director now owns 1,189,400 shares of the company’s stock, valued at $17,948,046. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Other hedge funds and institutional investors have modified their holdings of the company. Bank of Montreal Can increased its position in shares of KapStone Paper and Packaging Corp. by 1.1% in the fourth quarter. Bank of Montreal Can now owns 86,467 shares of the company’s stock worth $1,953,000 after buying an additional 902 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of KapStone Paper and Packaging Corp. by 119.2% in the fourth quarter. State of Tennessee Treasury Department now owns 121,200 shares of the company’s stock worth $2,738,000 after buying an additional 65,900 shares in the last quarter. King Luther Capital Management Corp acquired a new position in shares of KapStone Paper and Packaging Corp. during the fourth quarter worth approximately $5,427,000. Principal Financial Group Inc. increased its position in shares of KapStone Paper and Packaging Corp. by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 575,376 shares of the company’s stock worth $12,998,000 after buying an additional 25,050 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of KapStone Paper and Packaging Corp. by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,426,285 shares of the company’s stock worth $77,404,000 after buying an additional 23,768 shares in the last quarter.

KapStone Paper and Packaging Corporation is engaged in the production of containerboard, corrugated products and specialty paper. The Company operates through two segments: Paper and Packaging, and Distribution. The Company operates approximately four paper mills. It produces approximately 2.7 million tons of containerboard and specialty paper at its mills in North Charleston, South Carolina; Roanoke Rapids, North Carolina; Cowpens, South Carolina, and Longview, Washington.

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