Here is What Hedge Funds Think About KapStone Paper and Packaging Corp. (KS)

Page 1 of 2

Is KapStone Paper and Packaging Corp. (NYSE:KS) a sound stock to buy now? Hedge funds are taking a bullish view. The number of bullish hedge fund bets inched up by 1 recently.

In the 21st century investor’s toolkit, there are many indicators shareholders can use to monitor the equity markets. Two of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the top investment managers can outpace the broader indices by a very impressive amount (see just how much).

KapStone Paper and Packaging Corp.

Just as integral, optimistic insider trading activity is another way to parse down the financial markets. There are a number of reasons for a corporate insider to cut shares of his or her company, but just one, very clear reason why they would behave bullishly. Various empirical studies have demonstrated the impressive potential of this method if you understand what to do (learn more here).

Keeping this in mind, it’s important to take a glance at the key action surrounding KapStone Paper and Packaging Corp. (NYSE:KS).

What does the smart money think about KapStone Paper and Packaging Corp. (NYSE:KS)?

At the end of the fourth quarter, a total of 9 of the hedge funds we track were long in this stock, a change of 13% from the third quarter. With hedgies’ capital changing hands, there exists a select group of key hedge fund managers who were boosting their stakes considerably.

When looking at the hedgies we track, Richard Rubin’s Hawkeye Capital had the biggest position in KapStone Paper and Packaging Corp. (NYSE:KS), worth close to $69.1 million, comprising 33.6% of its total 13F portfolio. The second largest stake is held by Stephen J. Errico of Locust Wood Capital Advisers, with a $5.6 million position; 1.6% of its 13F portfolio is allocated to the company. Other hedge funds that are bullish include D. E. Shaw’s D E Shaw, Jim Simons’s Renaissance Technologies and John Fichthorn’s Dialectic Capital Management.

As aggregate interest increased, some big names have been driving this bullishness. Locust Wood Capital Advisers, managed by Stephen J. Errico, created the most outsized position in KapStone Paper and Packaging Corp. (NYSE:KS). Locust Wood Capital Advisers had 5.6 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also made a $1.4 million investment in the stock during the quarter. The other funds with brand new KS positions are John Overdeck and David Siegel’s Two Sigma Advisors and Ken Griffin’s Citadel Investment Group.

How are insiders trading KapStone Paper and Packaging Corp. (NYSE:KS)?

Bullish insider trading is particularly usable when the company we’re looking at has experienced transactions within the past six months. Over the latest 180-day time frame, KapStone Paper and Packaging Corp. (NYSE:KS) has seen zero unique insiders purchasing, and 4 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to KapStone Paper and Packaging Corp. (NYSE:KS). These stocks are Resolute Forest Products Inc (NYSE:RFP), Buckeye Technologies Inc. (NYSE:BKI), Clearwater Paper Corp (NYSE:CLW), and Schweitzer-Mauduit International, Inc. (NYSE:SWM). All of these stocks are in the paper & paper products industry and their market caps match KS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!