Seelaus Asset Management LLC Lowers Stake in Graphic Packaging Holding (GPK)

Seelaus Asset Management LLC reduced its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 96,690 shares of the industrial products company’s stock after selling 2,210 shares during the quarter. Graphic Packaging accounts for approximately 1.1% of Seelaus Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding. Seelaus Asset Management LLC’s holdings in Graphic Packaging were worth $1,221,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GPK. Resources Investment Advisors Inc. purchased a new position in Graphic Packaging in the fourth quarter valued at $28,000. First Personal Financial Services increased its holdings in Graphic Packaging by 101.9% in the fourth quarter. First Personal Financial Services now owns 2,954 shares of the industrial products company’s stock valued at $31,000 after buying an additional 1,491 shares in the last quarter. Private Capital Group LLC increased its holdings in Graphic Packaging by 210.4% in the first quarter. Private Capital Group LLC now owns 2,533 shares of the industrial products company’s stock valued at $32,000 after buying an additional 1,717 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Graphic Packaging in the fourth quarter valued at $52,000. Finally, Pearl River Capital LLC purchased a new position in Graphic Packaging in the fourth quarter valued at $54,000.

In other Graphic Packaging news, Director Robert Hagemann acquired 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The stock was bought at an average price of $12.25 per share, with a total value of $183,750.00. Following the purchase, the director now owns 65,329 shares in the company, valued at $800,280.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.72% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on GPK shares. Zacks Investment Research cut shares of Graphic Packaging from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 19th. ValuEngine cut shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research note on Monday, February 25th. TheStreet raised shares of Graphic Packaging from a “c+” rating to a “b-” rating in a research note on Monday, April 22nd. UBS Group boosted their target price on shares of Graphic Packaging from $12.50 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, KeyCorp reissued a “hold” rating on shares of Graphic Packaging in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Graphic Packaging currently has an average rating of “Buy” and a consensus target price of $16.31.

NYSE GPK remained flat at $$13.41 during trading hours on Wednesday. 131,548 shares of the company traded hands, compared to its average volume of 4,322,267. Graphic Packaging Holding has a one year low of $10.04 and a one year high of $15.33. The stock has a market cap of $3.99 billion, a PE ratio of 16.56, a PEG ratio of 1.23 and a beta of 1.37. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.75 and a current ratio of 1.80.

Graphic Packaging (NYSE:GPK) last announced its quarterly earnings data on Tuesday, April 23rd. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Graphic Packaging had a net margin of 4.12% and a return on equity of 12.05%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company earned $0.19 EPS. Graphic Packaging’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts anticipate that Graphic Packaging Holding will post 0.85 earnings per share for the current fiscal year.

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Graphic Packaging Company Profile

Graphic Packaging Holding Company, together with its subsidiaries, provides paper-based packaging solutions to food, beverage, foodservice, 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), coated recycled paperboard (CRB), and solid bleached sulfate paperboard (SBS) to various paperboard packaging converters and brokers; and paperboard packaging folding cartons and cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies.

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

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