Canyon Capital Advisors Cut Its Graphic Packaging Hldg Co (GPK) Position by $799,500; Valuation Declined; Westport Asset Management Boosted Position in Check Point Software Technolog (CHKP) by $327,000

January 14, 2018 - By Ellis Scott

Westport Asset Management Inc increased its stake in Check Point Software Technolog (CHKP) by 20.98% based on its latest 2017Q3 regulatory filing with the SEC. Westport Asset Management Inc bought 3,000 shares as the company’s stock rose 7.13% with the market. The institutional investor held 17,300 shares of the prepackaged software company at the end of 2017Q3, valued at $1.89 million, up from 14,300 at the end of the previous reported quarter. Westport Asset Management Inc who had been investing in Check Point Software Technolog for a number of months, seems to be bullish on the $16.84B market cap company. The stock increased 0.06% or $0.06 during the last trading session, reaching $103. About 999,049 shares traded. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since January 14, 2017 and is uptrending. It has outperformed by 14.94% the S&P500.

Joshua Friedman decreased its stake in Graphic Packaging Hldg Co (GPK) by 0.85% based on its latest 2017Q3 regulatory filing with the SEC. Canyon Capital Advisors Llc sold 61,500 shares as the company’s stock declined 1.77% while stock markets rallied. The hedge fund run by Joshua Friedman held 7.20M shares of the containers and packaging company at the end of 2017Q3, valued at $100.42 million, down from 7.26 million at the end of the previous reported quarter. Canyon Capital Advisors Llc who had been investing in Graphic Packaging Hldg Co for a number of months, seems to be less bullish one the $5.14B market cap company. The stock decreased 0.48% or $0.08 during the last trading session, reaching $16.6. About 1.89 million shares traded. Graphic Packaging Holding Company (NYSE:GPK) has risen 2.85% since January 14, 2017 and is uptrending. It has underperformed by 13.85% the S&P500.

Among 32 analysts covering Check Point Software Technologies Ltd. (NASDAQ:CHKP), 6 have Buy rating, 1 Sell and 25 Hold. Therefore 19% are positive. Check Point Software Technologies Ltd. had 68 analyst reports since September 10, 2015 according to SRatingsIntel. Barclays Capital maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Wednesday, November 1. Barclays Capital has “Equal-Weight” rating and $106 target. First Analysis upgraded it to “Overweight” rating and $116 target in Friday, January 20 report. Guggenheim initiated Check Point Software Technologies Ltd. (NASDAQ:CHKP) on Thursday, September 15 with “Neutral” rating. The stock of Check Point Software Technologies Ltd. (NASDAQ:CHKP) earned “Market Perform” rating by Wells Fargo on Monday, January 4. The firm earned “Hold” rating on Friday, July 14 by BMO Capital Markets. The stock has “Buy” rating by Jefferies on Wednesday, January 18. The firm has “Buy” rating given on Monday, August 14 by Oppenheimer. Oppenheimer maintained it with “Buy” rating and $12800 target in Thursday, July 20 report. The company was maintained on Friday, January 20 by BMO Capital Markets. Evercore maintained Check Point Software Technologies Ltd. (NASDAQ:CHKP) rating on Friday, August 11. Evercore has “Hold” rating and $10000 target.

Investors sentiment increased to 0.95 in Q3 2017. Its up 0.12, from 0.83 in 2017Q2. It improved, as 28 investors sold GPK shares while 79 reduced holdings. 21 funds opened positions while 81 raised stakes. 294.74 million shares or 2.31% more from 288.07 million shares in 2017Q2 were reported. Boston invested 0.4% of its portfolio in Graphic Packaging Holding Company (NYSE:GPK). Qs Lc invested in 3,563 shares. Metropolitan Life Ins New York stated it has 0% in Graphic Packaging Holding Company (NYSE:GPK). Neuberger Berman Group Llc stated it has 0% in Graphic Packaging Holding Company (NYSE:GPK). The Ontario – Canada-based Manufacturers Life Insur Com The has invested 0% in Graphic Packaging Holding Company (NYSE:GPK). Paloma Company reported 0.01% of its portfolio in Graphic Packaging Holding Company (NYSE:GPK). Frontier Management Ltd Llc holds 0.17% of its portfolio in Graphic Packaging Holding Company (NYSE:GPK) for 1.72 million shares. Jefferies Group Inc Ltd Liability Corp invested 0% of its portfolio in Graphic Packaging Holding Company (NYSE:GPK). Citadel reported 928,592 shares. Engineers Gate Manager Ltd Partnership owns 102,135 shares. Highland Mngmt Limited Liability Co has invested 0.35% of its portfolio in Graphic Packaging Holding Company (NYSE:GPK). Northern Trust Corporation holds 0.01% or 1.72 million shares in its portfolio. Raymond James And Assoc reported 0.01% of its portfolio in Graphic Packaging Holding Company (NYSE:GPK). Moreover, Icon Advisers has 0.87% invested in Graphic Packaging Holding Company (NYSE:GPK) for 890,000 shares. First Quadrant Limited Partnership Ca holds 1.82M shares or 0.49% of its portfolio.

Analysts await Graphic Packaging Holding Company (NYSE:GPK) to report earnings on February, 6. They expect $0.19 EPS, up 35.71% or $0.05 from last year’s $0.14 per share. GPK’s profit will be $58.84 million for 21.84 P/E if the $0.19 EPS becomes a reality. After $0.18 actual EPS reported by Graphic Packaging Holding Company for the previous quarter, Wall Street now forecasts 5.56% EPS growth.

Canyon Capital Advisors Llc, which manages about $20.20 billion and $6.69B US Long portfolio, upped its stake in Mgm Resorts International (NYSE:MGM) by 1.38 million shares to 20.79M shares, valued at $677.45M in 2017Q3, according to the filing. It also increased its holding in Plains Gp Hldgs LP by 758,000 shares in the quarter, for a total of 2.12 million shares, and has risen its stake in Berry Global Group Inc (NYSE:BERY).

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