Amg National Trust Bank Lowers stake in Graphic Packaging Holding Company (GPK)

Graphic Packaging Holding Company (GPK) : Amg National Trust Bank reduced its stake in Graphic Packaging Holding Company by 0.13% during the most recent quarter end. The investment management company now holds a total of 1,005,610 shares of Graphic Packaging Holding Company which is valued at $13.3 Million after selling 1,328 shares in Graphic Packaging Holding Company , the firm said in a disclosure report filed with the SEC on May 13, 2016.Graphic Packaging Holding Company makes up approximately 1.23% of Amg National Trust Bank’s portfolio.

Other Hedge Funds, Including , O’shaughnessy Asset Management sold out all of its stake in GPK during the most recent quarter. The investment firm sold 27,257 shares of GPK which is valued $360,065. Engineers Gate Manager Lp added GPK to its portfolio by purchasing 472,961 company shares during the most recent quarter which is valued at $6.2 Million. Graphic Packaging Holding Company makes up approx 0.50% of Engineers Gate Manager Lp’s portfolio.Nationwide Fund Advisors boosted its stake in GPK in the latest quarter, The investment management firm added 911,284 additional shares and now holds a total of 1,890,830 shares of Graphic Packaging Holding Company which is valued at $24 Million. Graphic Packaging Holding Company makes up approx 0.10% of Nationwide Fund Advisors’s portfolio.Parkside Financial Bank Trust boosted its stake in GPK in the latest quarter, The investment management firm added 33 additional shares and now holds a total of 5,510 shares of Graphic Packaging Holding Company which is valued at $69,922. Graphic Packaging Holding Company makes up approx 0.03% of Parkside Financial Bank Trust’s portfolio.

Graphic Packaging Holding Company opened for trading at $13.35 and hit $13.42 on the upside on Wednesday, eventually ending the session at $13.36, with a gain of 0.45% or 0.06 points. The heightened volatility saw the trading volume jump to 35,43,672 shares. Company has a market cap of $4,302 M.

On the company’s financial health, Graphic Packaging Holding Company reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.18. The company had revenue of $1034.00 million for the quarter, compared to analysts expectations of $1046.80 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Graphic Packaging Holding Company is a provider of paper-based packaging solutions to food beverage and other consumer products companies. The Company operates in four geographic areas which includes the United States/Canada Central/South America Europe and Asia Pacific. The Company’s paperboard packaging includes the design manufacture and installation of packaging machinery related to the assembly of cartons as well as the production and sale of corrugated medium and kraft paper from paperboard mills in the United States. It includes a system of mills and plants that produce a range of paperboard grades convertible into folding cartons. The Company offers various laminated coated and printed packaging structures that are produced from its coated unbleached kraft (CUK) coated-recycled board (CRB) as well as other grades of paperboard that are purchased from third-party suppliers.

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