Packaging Corporation of America (NYSE:PKG).
Great Lakes Advisors, LLC says it raised its ownership in Packaging Corporation of America by 22,152 shares in a 13F filing with the SEC. Its investment was valued at $10,016,000 an increase of $2,755,000 as of quarter end.
Here are a few institutional investors who have updated their positions. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings by selling 5,309 shares a decrease of 38.6% in the quarter. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS controls 8,440 shares worth $968,000. The value of the position overall is down by 36.8%. As of quarter end Baird Financial Group, Inc. had sold 2,391 shares trimming its stake by 10.3%. The value of the investment in Packaging Corporation of America decreased from $2,578,000 to $2,380,000 a change of 7.7% quarter over quarter.
As of the end of the quarter Raymond James & Associates had acquired a total of 3,431 shares growing its position 4.6%. The value of the investment in (PKG) went from $8,349,000 to $8,989,000 increasing 7.7% since the last quarter.
Equity analyst Barclays PLC raised the price target on October 30 boosting the projection from $108.00 to $110.00 with a “Equal Weight” recommendation. October 29 investment analysts at KeyCorp maintained a “Hold” rating on the company.
On October 24, 2017 Stephens released research on PKG with a rating of “Overweight”. On October 18, 2017 KeyCorp kept a “Hold” rating on the company.
October 12 investment analysts at KeyCorp reiterated a “Hold” rating on the company. On October 9 Deutsche Bank AG maintained a stock rating of “Hold” targeting a price of $120.00.
The company is down by 0.17% since yesterday’s close of 112.71. The P/E ratio is 20.83 and the market value is 10.62B. As of the latest earnings report the EPS was $5.40 with 94.40M shares presently outstanding.
Investors are more bearish on the company as evidenced by the increase in short interest. The firm experienced a rise in short interest of 27.01% as of the latest report on October 13, 2017. Short shares increased from 2,392,574 to 3,038,750 over that period. With short interest at 3,038,750 and short average daily volume at 573,670, days to cover is 5.0 and the short interest percentage is 0.03% as of October 13.