Wedge Capital Management L L P NC cut its position in shares of Graphic Packaging Holding (NYSE:GPK) by 92.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,990 shares of the industrial products company’s stock after selling 470,210 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Graphic Packaging were worth $518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPK. NumerixS Investment Technologies Inc grew its holdings in Graphic Packaging by 2,633.3% in the second quarter. NumerixS Investment Technologies Inc now owns 8,200 shares of the industrial products company’s stock valued at $119,000 after purchasing an additional 7,900 shares during the period. WealthTrust Fairport LLC purchased a new stake in Graphic Packaging in the second quarter valued at approximately $146,000. CIBC Asset Management Inc purchased a new stake in Graphic Packaging in the second quarter valued at approximately $148,000. IFP Advisors Inc grew its holdings in Graphic Packaging by 831.0% in the third quarter. IFP Advisors Inc now owns 12,066 shares of the industrial products company’s stock valued at $169,000 after purchasing an additional 10,770 shares during the period. Finally, Pwmco LLC purchased a new stake in Graphic Packaging in the second quarter valued at approximately $176,000. Institutional investors and hedge funds own 99.32% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Graphic Packaging from a “hold” rating to a “strong sell” rating in a report on Friday, October 26th. ValuEngine downgraded shares of Graphic Packaging from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Deutsche Bank set a $15.00 target price on shares of Graphic Packaging and gave the company a “buy” rating in a report on Wednesday, October 24th. Vertical Research set a $18.00 target price on shares of Graphic Packaging and gave the company a “buy” rating in a report on Tuesday, October 23rd. Finally, Bank of America lowered their target price on shares of Graphic Packaging from $17.00 to $16.50 and set a “buy” rating for the company in a report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $16.94.

Shares of GPK stock opened at $11.65 on Friday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.16 and a beta of 1.35. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.79 and a current ratio of 1.67. Graphic Packaging Holding has a fifty-two week low of $10.04 and a fifty-two week high of $16.74.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.58 billion. Graphic Packaging had a net margin of 6.18% and a return on equity of 11.90%. The company’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. As a group, equities research analysts anticipate that Graphic Packaging Holding will post 0.78 earnings per share for the current fiscal year.

In other Graphic Packaging news, Director Larry M. Venturelli purchased 25,000 shares of Graphic Packaging stock in a transaction on Thursday, October 25th. The shares were purchased at an average cost of $10.59 per share, with a total value of $264,750.00. Following the completion of the transaction, the director now directly owns 47,993 shares in the company, valued at approximately $508,245.87. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.62% of the company’s stock.

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Graphic Packaging Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, and other consumer products companies. It operates through three segments: Paperboard Mills, Americas Paperboard Packaging, and Europe Paperboard Packaging. The company offers coated unbleached kraft (CUK) and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons primarily to consumer packaged goods companies.

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

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