Crestline Management LP Has $4.15 Million Stake in Graphic Packaging Holding (GPK)

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Crestline Management LP lessened its position in Graphic Packaging Holding (NYSE:GPK) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 389,871 shares of the industrial products company’s stock after selling 4,941 shares during the period. Graphic Packaging comprises 0.6% of Crestline Management LP’s portfolio, making the stock its 15th largest holding. Crestline Management LP’s holdings in Graphic Packaging were worth $4,148,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPK. Shapiro Capital Management LLC lifted its stake in shares of Graphic Packaging by 111.8% in the fourth quarter. Shapiro Capital Management LLC now owns 15,308,944 shares of the industrial products company’s stock worth $162,887,000 after buying an additional 8,080,950 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Graphic Packaging by 101,909.4% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 7,722,108 shares of the industrial products company’s stock worth $108,187,000 after buying an additional 7,714,538 shares in the last quarter. Ashler Capital LLC bought a new position in shares of Graphic Packaging in the third quarter worth approximately $37,075,000. Janus Henderson Group PLC lifted its stake in shares of Graphic Packaging by 25.5% in the third quarter. Janus Henderson Group PLC now owns 12,362,580 shares of the industrial products company’s stock worth $173,200,000 after buying an additional 2,513,458 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Graphic Packaging by 30.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,764,485 shares of the industrial products company’s stock worth $82,614,000 after buying an additional 1,818,515 shares in the last quarter.

In other Graphic Packaging news, Director Robert Hagemann bought 15,000 shares of Graphic Packaging stock in a transaction on Wednesday, February 27th. The stock was acquired at an average cost of $12.25 per share, with a total value of $183,750.00. Following the completion of the acquisition, the director now owns 65,329 shares in the company, valued at $800,280.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on GPK. UBS Group began coverage on shares of Graphic Packaging in a research report on Friday, January 4th. They set a “neutral” rating and a $11.50 price objective on the stock. Zacks Investment Research upgraded shares of Graphic Packaging from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, January 16th. Seaport Global Securities began coverage on shares of Graphic Packaging in a research report on Tuesday, December 11th. They set a “neutral” rating on the stock. Finally, ValuEngine downgraded shares of Graphic Packaging from a “hold” rating to a “sell” rating in a research report on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Graphic Packaging presently has a consensus rating of “Hold” and an average target price of $15.88.

Shares of Graphic Packaging stock opened at $12.48 on Friday. The company has a market cap of $3.70 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.13 and a beta of 1.35. Graphic Packaging Holding has a twelve month low of $10.04 and a twelve month high of $16.61. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.64 and a current ratio of 1.50.

Graphic Packaging (NYSE:GPK) last issued its quarterly earnings data on Tuesday, January 29th. The industrial products company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.04. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.51 billion. Graphic Packaging had a net margin of 3.67% and a return on equity of 11.67%. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 earnings per share. On average, research analysts anticipate that Graphic Packaging Holding will post 0.85 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 2.40%. Graphic Packaging’s dividend payout ratio (DPR) is 37.04%.

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Graphic Packaging 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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