American International Group Inc. raised its position in KapStone Paper and Packaging Corp. (NYSE:KS) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,907 shares of the basic materials company’s stock after purchasing an additional 3,635 shares during the quarter. American International Group Inc. owned 0.07% of KapStone Paper and Packaging worth $1,481,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KS. Municipal Employees Retirement System of Michigan raised its position in KapStone Paper and Packaging by 32.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 31,980 shares of the basic materials company’s stock worth $659,000 after purchasing an additional 7,800 shares during the period. Texas Permanent School Fund increased its position in shares of KapStone Paper and Packaging by 1.0% during the second quarter. Texas Permanent School Fund now owns 64,308 shares of the basic materials company’s stock worth $1,327,000 after acquiring an additional 607 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of KapStone Paper and Packaging by 1.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 534,283 shares of the basic materials company’s stock worth $11,023,000 after acquiring an additional 5,984 shares during the period. First Trust Advisors LP increased its position in shares of KapStone Paper and Packaging by 34.2% during the second quarter. First Trust Advisors LP now owns 113,615 shares of the basic materials company’s stock worth $2,344,000 after acquiring an additional 28,985 shares during the period. Finally, Legal & General Group Plc increased its position in shares of KapStone Paper and Packaging by 9.1% during the second quarter. Legal & General Group Plc now owns 167,269 shares of the basic materials company’s stock worth $3,451,000 after acquiring an additional 13,882 shares during the period. 86.15% of the stock is currently owned by institutional investors.

KapStone Paper and Packaging Corp. (NYSE KS) traded down $0.40 during midday trading on Friday, hitting $21.46. 514,800 shares of the stock were exchanged, compared to its average volume of 969,738. The company has a current ratio of 2.07, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. KapStone Paper and Packaging Corp. has a 1 year low of $19.59 and a 1 year high of $24.98. The company has a market capitalization of $2,119.47, a P/E ratio of 21.02, a PEG ratio of 1.52 and a beta of 2.77.

KapStone Paper and Packaging (NYSE:KS) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.04). KapStone Paper and Packaging had a net margin of 2.29% and a return on equity of 11.12%. The business had revenue of $868.42 million for the quarter, compared to the consensus estimate of $839.36 million. During the same quarter in the prior year, the business posted $0.37 earnings per share. KapStone Paper and Packaging’s revenue for the quarter was up 11.8% on a year-over-year basis. equities research analysts expect that KapStone Paper and Packaging Corp. will post 1.11 earnings per share for the current year.

In other news, Director John Chapman sold 70,765 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $20.80, for a total transaction of $1,471,912.00. Following the transaction, the director now directly owns 445,056 shares in the company, valued at $9,257,164.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Andrea K. Tarbox sold 32,486 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $20.95, for a total transaction of $680,581.70. Following the transaction, the vice president now owns 157,336 shares in the company, valued at $3,296,189.20. The disclosure for this sale can be found here. 13.09% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on KS. BidaskClub lowered shares of KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Citigroup raised their target price on shares of KapStone Paper and Packaging from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. ValuEngine lowered shares of KapStone Paper and Packaging from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $27.00 target price on shares of KapStone Paper and Packaging in a research report on Friday, October 27th. Finally, Zacks Investment Research lowered shares of KapStone Paper and Packaging from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.38.

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KapStone Paper and Packaging Company Profile

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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