Atria Investments LLC Boosts Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Atria Investments LLC raised its holdings in shares of Graphic Packaging Holding (NYSE:GPK – Get Rating) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,194 shares of the industrial products company’s stock after buying an additional 1,815 shares during the period. Atria Investments LLC’s holdings in Graphic Packaging were worth $2,866,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in Graphic Packaging by 3,761.8% during the second quarter. First Horizon Advisors Inc. now owns 1,313 shares of the industrial products company’s stock valued at $27,000 after buying an additional 1,279 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in shares of Graphic Packaging during the third quarter worth about $29,000. Assetmark Inc. boosted its holdings in shares of Graphic Packaging by 79.1% during the second quarter. Assetmark Inc. now owns 1,641 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 725 shares during the period. Arlington Partners LLC purchased a new stake in shares of Graphic Packaging during the second quarter worth about $66,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Graphic Packaging during the third quarter worth about $82,000. 94.47% of the stock is currently owned by hedge funds and other institutional investors.

Graphic Packaging Price Performance

Shares of NYSE GPK opened at $22.43 on Tuesday. Graphic Packaging Holding has a fifty-two week low of $17.99 and a fifty-two week high of $24.07. The company has a 50 day simple moving average of $22.29 and a two-hundred day simple moving average of $22.00. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 0.35 and a beta of 0.96. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.53 and a current ratio of 1.30.

Graphic Packaging (NYSE:GPK – Get Rating) last posted its quarterly earnings results on Tuesday, October 25th. The industrial products company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. Graphic Packaging had a net margin of 4.48% and a return on equity of 33.12%. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Analysts expect that Graphic Packaging Holding will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Mizuho increased their target price on shares of Graphic Packaging from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 26th. Raymond James increased their target price on shares of Graphic Packaging from $26.00 to $27.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 26th. Bank of America decreased their price target on shares of Graphic Packaging from $27.00 to $25.00 in a research note on Thursday, October 13th. Royal Bank of Canada increased their price target on shares of Graphic Packaging from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 26th. Finally, StockNews.com began coverage on shares of Graphic Packaging in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Graphic Packaging has a consensus rating of “Moderate Buy” and an average target price of $26.92.

Graphic Packaging Company Profile

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Graphic Packaging Holding Company, together with its subsidiaries, provides fiber-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 products, such as folding cartons, cups, lids, and food containers primarily to consumer packaged goods, quick-service restaurants, and foodservice companies; and barrier packaging products that protect against moisture, hot and cold temperature, grease, oil, oxygen, sunlight, insects, and other potential product-damaging factors.