Graphic Packaging Holding Company (GPK) : Fortaleza Asset Management Inc scooped up 52,700 additional shares in Graphic Packaging Holding Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 176,925 shares of Graphic Packaging Holding Company which is valued at $2.3 Million.Graphic Packaging Holding Company makes up approximately 1.50% of Fortaleza Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Trustmark National Bank Trust Department sold out all of its stake in GPK during the most recent quarter. The investment firm sold 10,818 shares of GPK which is valued $142,906.Bronfman E.l. Rothschild reduced its stake in GPK by selling 406 shares or 9.25% in the most recent quarter. The Hedge Fund company now holds 3,981 shares of GPK which is valued at $50,519. Graphic Packaging Holding Company makes up approx 0.01% of Bronfman E.l. Rothschild’s portfolio.South Street Advisors boosted its stake in GPK in the latest quarter, The investment management firm added 7,680 additional shares and now holds a total of 345,180 shares of Graphic Packaging Holding Company which is valued at $4.4 Million. Graphic Packaging Holding Company makes up approx 1.48% of South Street Advisors’s portfolio.Smith Asset Management Group Lp reduced its stake in GPK by selling 1,385 shares or 92.39% in the most recent quarter. The Hedge Fund company now holds 114 shares of GPK which is valued at $1,447.Public Employees Retirement Association Of Colorado reduced its stake in GPK by selling 17 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 10,557 shares of GPK which is valued at $140,197.
Graphic Packaging Holding Company opened for trading at $13 and hit $13.34 on the upside on Friday, eventually ending the session at $13.32, with a gain of 2.62% or 0.34 points. The heightened volatility saw the trading volume jump to 42,33,035 shares. Company has a market cap of $4,289 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.