Ashton Thomas Private Wealth LLC Has $2.94 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Ashton Thomas Private Wealth LLC lowered its position in Graphic Packaging Holding (NYSE:GPK - Free Report) by 19.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,235 shares of the industrial products company's stock after selling 23,366 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Graphic Packaging were worth $2,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GPK. Envestnet Portfolio Solutions Inc. lifted its stake in Graphic Packaging by 12.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 27,259 shares of the industrial products company's stock valued at $795,000 after acquiring an additional 2,962 shares during the last quarter. QRG Capital Management Inc. increased its stake in Graphic Packaging by 61.7% in the 1st quarter. QRG Capital Management Inc. now owns 29,768 shares of the industrial products company's stock worth $869,000 after purchasing an additional 11,358 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Graphic Packaging by 6.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 246,930 shares of the industrial products company's stock worth $7,205,000 after acquiring an additional 15,190 shares in the last quarter. Foundry Partners LLC bought a new position in shares of Graphic Packaging during the 1st quarter valued at $269,000. Finally, Kingsview Wealth Management LLC bought a new stake in Graphic Packaging in the 1st quarter valued at $8,410,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Stock Down 1.6 %

Shares of GPK traded down $0.47 during trading hours on Wednesday, reaching $28.63. The company's stock had a trading volume of 1,137,112 shares, compared to its average volume of 2,562,942. The company has a quick ratio of 0.72, a current ratio of 1.73 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average of $29.26 and a two-hundred day moving average of $28.28. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 11.31 and a beta of 0.83. Graphic Packaging Holding has a 1-year low of $21.54 and a 1-year high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The firm's quarterly revenue was down 5.7% on a year-over-year basis. As a group, research analysts predict that Graphic Packaging Holding will post 2.52 EPS for the current fiscal year.

Analyst Ratings Changes

GPK has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on Graphic Packaging from $21.00 to $24.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 31st. StockNews.com cut shares of Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Truist Financial lowered Graphic Packaging from a "buy" rating to a "hold" rating and reduced their price objective for the company from $32.00 to $30.00 in a research report on Wednesday, October 30th. Robert W. Baird increased their price objective on Graphic Packaging from $30.00 to $36.00 and gave the stock an "outperform" rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada lowered their price objective on Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating for the company in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Graphic Packaging presently has an average rating of "Hold" and an average price target of $31.53.

Insider Transactions at Graphic Packaging

In related news, EVP Michael James Farrell sold 25,900 shares of Graphic Packaging stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total value of $750,841.00. Following the completion of the transaction, the executive vice president now owns 81,026 shares in the company, valued at approximately $2,348,943.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company's stock.

Graphic Packaging Profile

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.