Nationwide Fund Advisors Grows Position in Graphic Packaging Holding Company (GPK)

Hedge funds and other institutional investors own 96.90% of the company's stock. It also reduced Ferro Corp (NYSE:FOE) stake by 276,225 shares and now owns 1.14 million shares.

Other large investors have also recently made changes to their positions in the company. Hoplite Capital Management Lp sold 560,251 shares as Graphic Packaging Hldg Co (GPK)'s stock declined 1.77%. Van ECK Associates Corp now owns 7,630 shares of the industrial products company's stock valued at $105,000 after buying an additional 117 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Graphic Packaging by 241.9% during the third quarter. The Manufacturers Life Insurance Company now owns 12,512 shares of the industrial products company's stock valued at $172,000 after purchasing an additional 774 shares during the last quarter. Eagle Boston Investment Management Inc. now owns 10,773 shares of the industrial products company's stock valued at $148,000 after buying an additional 163 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Graphic Packaging by 0.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,818 shares of the industrial products company's stock valued at $163,000 after buying an additional 1,123 shares in the last quarter. Steel Dynamics, Inc. (STLD) stock price yielded a positive 20.47% lead over its 52-week low and communicated declining move of -4.16% over its 52-week high.

Graphic Packaging (NYSE GPK) opened at $15.35 on Monday. The average volume was noted at 2.72 million shares while its relative volume was seen at 0.83.STLD delivered a decrease of -2.66% return at the end of last trading. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.74 and a current ratio of 1.50.

Graphic Packaging Holding Company (GPK) waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. The firm has a market cap of $4,788.18, a P/E ratio of 25.34, a PEG ratio of 4.73 and a beta of 1.19.

Checking in on some valuation rankings, Graphic Packaging Holding Company (NYSE:GPK) has a Value Composite score of 35. The industrial products company reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.11 billion. Graphic Packaging had a return on equity of 17.27% and a net margin of 3.70%. Likewise, the downbeat performance for the last quarter was -8.40% and for the full year it was -56.00%. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. equities research analysts anticipate that Graphic Packaging Holding Company will post 0.65 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.30 annualized dividend and a dividend yield of 1.95%. Slightly noticeable ratio of firm is current ratio, which is standing at 1.50. Recently, investment analysts covering the stock have updated the mean rating to 1.83. FBR Capital maintained the shares of MTZ in report on Monday, November 6 with "Buy" rating. BidaskClub upgraded shares of Graphic Packaging from a "sell" rating to a "hold" rating in a report on Saturday, August 12th. Finally, Royal Bank Of Canada restated a "buy" rating and set a $15.00 target price on shares of Graphic Packaging in a report on Tuesday, October 10th. Of the 12 analysts surveyed by Reuters that track GPK 3 of them rate its stock a hold. The stock presently has an average rating of "Buy" and a consensus price target of $16.26.

In other news, VP Deborah R. Frank sold 38,266 shares of the firm's stock in a transaction that occurred on Friday, October 27th. The company has managed to keep price to sales ratio of 4.67 against an industry average of 6.03. Finally, Yorktown Management & Research Co Inc acquired a new stake in shares of Graphic Packaging Holding Company during the first quarter valued at approximately $145,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The firm owned 928,592 shares of the industrial products company's stock after purchasing an additional 720,901 shares during the period.

TRADEMARK VIOLATION WARNING: "Graphic Packaging (GPK) Raised to "Hold" at Zacks Investment Research" was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another publication, it was illegally copied and republished in violation of USA & worldwide copyright & trademark law. The firm offers coated unbleached kraft and coated recycled paperboard (CRB) to various paperboard packaging converters and brokers; and paperboard folding cartons primarily to consumer packaged goods companies serving the food, beverage, and consumer product markets.

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