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

Several equities research analysts recently commented on KS shares. Dundee Securities lowered shares of KapStone Paper and Packaging Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. Zacks Investment Research lowered shares of KapStone Paper and Packaging Corp. from a “hold” rating to a “sell” rating in a research report on Friday, July 22nd. Deutsche Bank AG boosted their price objective on shares of KapStone Paper and Packaging Corp. from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Finally, Barclays PLC boosted their price objective on shares of 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. Two 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’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $17.02.

The company’s 50-day moving average price is $14.35 and its 200-day moving average price is $13.76. The company has a market capitalization of $1.52 billion and a P/E ratio of 18.47.

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

In related news, Director Jonathan R. Furer sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $15.09, for a total transaction 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 this link.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Bank of Montreal Can boosted 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 valued at $1,953,000 after buying an additional 902 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 valued at $77,404,000 after buying an additional 23,768 shares in the last quarter. Principal Financial Group Inc. boosted 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 valued at $12,998,000 after buying an additional 25,050 shares in the last quarter. Finally, King Luther Capital Management Corp purchased a new position in shares of KapStone Paper and Packaging Corp. during the fourth quarter valued at $5,427,000.

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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