Seven Six Capital Management LLC Acquires New Stake in Graphic Packaging Holding (NYSE:GPK)

Seven Six Capital Management LLC acquired a new stake in Graphic Packaging Holding (NYSE:GPK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 450,700 shares of the industrial products company’s stock, valued at approximately $12,241,000. Graphic Packaging comprises 10.6% of Seven Six Capital Management LLC’s investment portfolio, making the stock its largest position. Seven Six Capital Management LLC owned about 0.15% of Graphic Packaging as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Picton Mahoney Asset Management lifted its stake in Graphic Packaging by 55.4% in the fourth quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 394 shares during the last quarter. Crews Bank & Trust purchased a new position in Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC lifted its stake in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 1,242 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Graphic Packaging by 92.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 689 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Graphic Packaging by 58.2% in the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GPK. Truist Financial dropped their price objective on Graphic Packaging from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird lowered their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada lowered their target price on shares of Graphic Packaging from $32.00 to $26.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Raymond James reissued an “outperform” rating and set a $26.00 target price (down previously from $30.00) on shares of Graphic Packaging in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Graphic Packaging Trading Up 1.0%

Graphic Packaging stock opened at $23.56 on Friday. The stock has a market cap of $7.11 billion, a P/E ratio of 10.91, a PEG ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a fifty-two week low of $20.86 and a fifty-two week high of $30.70. The firm’s fifty day moving average price is $24.64 and its 200-day moving average price is $26.73. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46.

Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.05). The firm had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.14 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. Equities research analysts forecast that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging declared that its board has authorized a stock repurchase program on Thursday, May 1st that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 23.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.