Graphic Packaging Holding Company $GPK Position Boosted by Private Management Group Inc.

Private Management Group Inc. grew its holdings in shares of Graphic Packaging Holding Company (NYSE:GPK) by 10.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,917,440 shares of the industrial products company’s stock after buying an additional 181,228 shares during the period. Private Management Group Inc. owned approximately 0.65% of Graphic Packaging worth $17,353,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Graphic Packaging during the second quarter worth $440,345,000. Manning & Napier Advisors LLC acquired a new position in shares of Graphic Packaging during the second quarter valued at about $88,094,000. Bank of America Corp DE acquired a new position in shares of Graphic Packaging during the second quarter valued at about $45,266,000. Maple Rock Capital Partners Inc. bought a new position in shares of Graphic Packaging during the 2nd quarter worth about $43,335,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Graphic Packaging by 323.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,863,216 shares of the industrial products company’s stock worth $25,912,000 after purchasing an additional 2,187,139 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on GPK shares. Citigroup reduced their target price on Graphic Packaging from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. JPMorgan Chase & Co. upped their price target on Graphic Packaging from $11.50 to $12.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of Graphic Packaging in a research note on Monday, September 21st. Royal Bank Of Canada upped their target price on Graphic Packaging from $9.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 4th. Finally, Raymond James Financial reaffirmed an “underperform” rating on shares of Graphic Packaging in a research note on Wednesday, November 4th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $11.01.

Graphic Packaging Price Performance

Shares of NYSE:GPK opened at $10.84 on Tuesday. The firm has a market capitalization of $3.21 billion, a PE ratio of 43.34 and a beta of 0.65. The company has a quick ratio of 0.60, a current ratio of 1.19 and a debt-to-equity ratio of 1.45. The company has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $10.61. Graphic Packaging Holding Company has a twelve month low of $8.15 and a twelve month high of $16.61.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings results on Tuesday, November 3rd. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.17 billion. Graphic Packaging had a net margin of 0.86% and a return on equity of 6.78%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Equities analysts forecast that Graphic Packaging Holding Company will post 0.68 EPS for the current year.

Graphic Packaging Profile