November 30, 2016 - By Pete Kolinski · 0 Comments
Graphic Packaging Corp (NYSE:GPK) institutional sentiment decreased to 0.93 in Q2 2016. Its down -0.07, from 1 in 2016Q1. The ratio dived, as 122 hedge funds started new or increased equity positions, while 122 cut down and sold their stakes in Graphic Packaging Corp. The hedge funds in our partner’s database now own: 309.89 million shares, up from 305.53 million shares in 2016Q1. Also, the number of hedge funds holding Graphic Packaging Corp in their top 10 equity positions decreased from 6 to 2 for a decrease of 4. Sold All: 27 Reduced: 95 Increased: 85 New Position: 37.
Graphic Packaging Holding Company is a well-known provider of paper packaging solutions for a range of products to food, beverage and other consumer product companies. The company has a market cap of $4.04 billion. The Company’s divisions include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, Flexible Packaging, and Corporate and Other. It has a 16.4 P/E ratio. The Paperboard Mills segment includes the Company’s approximately seven North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board (CRB).
About 1.68 million shares traded hands. Graphic Packaging Holding Company (NYSE:GPK) has declined 2.27% since April 27, 2016 and is downtrending. It has underperformed by 7.50% the S&P500.
Analysts await Graphic Packaging Holding Company (NYSE:GPK) to report earnings on February, 14. They expect $0.16 earnings per share, down 15.79% or $0.03 from last year’s $0.19 per share. GPK’s profit will be $51.06M for 19.78 P/E if the $0.16 EPS becomes a reality. After $0.20 actual earnings per share reported by Graphic Packaging Holding Company for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.
According to Zacks Investment Research, “GRAPHIC PACKAGING CORPORATION, headquartered in Marietta, Georgia, is a leading provider of paperboard packaging solutions for a wide variety of products to food, beverage and other consumer products companies. Graphic Packaging’s customers include some of the most widely recognized companies in the world.”
Hoplite Capital Management L.P. holds 6.34% of its portfolio in Graphic Packaging Holding Company for 10.21 million shares. Brenner West Capital Advisors Llc owns 3.42 million shares or 3.73% of their US portfolio. Moreover, Iridian Asset Management Llc Ct has 3.08% invested in the company for 26.53 million shares. The New York-based Archer Capital Management L.P. has invested 2.99% in the stock. Seven Locks Capital Management Lp, a New York-based fund reported 384,827 shares.#img1#
Ratings analysis reveals 86% of Graphic Packaging Holding Company’s analysts are positive. Out of 7 Wall Street analysts rating Graphic Packaging Holding Company, 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $14.50 while the high is $17. The stock’s average target of $16.13 is 27.41% above today’s ($12.66) share price. GPK was included in 9 notes of analysts from September 2, 2015. The stock has “Outperform” rating given by RBC Capital Markets on Friday, September 30. The firm has “Buy” rating by Goldman Sachs given on Thursday, May 12. The rating was downgraded by Bank of America to “Neutral” on Monday, October 3. The rating was initiated by Macquarie Research with “Neutral” on Tuesday, November 10. The company was maintained on Wednesday, July 27 by Citigroup. Vertical Research initiated the stock with “Buy” rating in Wednesday, September 2 report. The rating was initiated by CLSA with “Outperform” on Tuesday, November 22. Macquarie Research upgraded the stock to “Outperform” rating in Monday, January 25 report.
Graphic Packaging Holding Company, incorporated on June 21, 2007, is a well-known provider of paper packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s divisions include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, Flexible Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s approximately seven North American paperboard mills, which produce primarily coated unbleached kraft (CUK) and coated recycled board (CRB). The Americas Paperboard Packaging segment includes paperboard packaging folding cartons sold primarily to consumer packaged goods (CPG) companies serving the food, beverage and consumer product markets in the Americas. The Europe Paperboard Packaging includes paperboard packaging folding cartons sold primarily to CPG companies serving the food, beverage and consumer product markets in Europe. The Corporate and Other segment includes the Pacific Rim operating segment, and unallocated corporate and one-time costs.
More news for Graphic Packaging Holding Company (NYSE:GPK) were recently published by: Prnewswire.com, which released: “Graphic Packaging Holding Company Reports Second Quarter 2016 Results” on July 26, 2016. Forbes.com‘s article titled: “RSI Alert: Graphic Packaging Holding Now Oversold” and published on October 25, 2016 is yet another important article.
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By Pete Kolinski