November 29, 2016 - By Linda Rogers
Park Group PLC (LON:PKG) stock Buy was reaffirmed by Arden Partners in an analyst report revealed to clients on Tuesday morning.
About 919,622 shares traded hands or 365.27% up from the average. Park Group plc (LON:PKG) has declined 10.03% since April 29, 2016 and is downtrending. It has underperformed by 15.29% the S&P500.
Analysts await Packaging Corp Of America (NYSE:PKG) to report earnings on January, 23. They expect $1.16 earnings per share, up 7.41% or $0.08 from last year’s $1.08 per share. PKG’s profit will be $109.21 million for 18.41 P/E if the $1.16 EPS becomes a reality. After $1.30 actual earnings per share reported by Packaging Corp Of America for the previous quarter, Wall Street now forecasts -10.77% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.31, from 1.36 in 2016Q1. The ratio is negative, as 32 funds sold all Park Group plc shares owned while 119 reduced positions. 66 funds bought stakes while 140 increased positions. They now own 78.73 million shares or 5.59% less from 83.40 million shares in 2016Q1.
Schroder Mgmt owns 961,206 shares or 0.13% of their US portfolio. Ent Fincl Serv has 119 shares for 0% of their US portfolio. Tower Rech Limited Com (Trc) has 0.05% invested in the company for 7,397 shares. Ny State Common Retirement Fund holds 273,880 shares or 0.03% of its portfolio. Pictet Asset Management last reported 406,048 shares in the company. Guggenheim Cap Ltd Limited Liability Company holds 224,485 shares or 0.05% of its portfolio. Skba Mngmt Limited Liability Com owns 263,990 shares or 1.6% of their US portfolio. Amp Investors holds 56,430 shares or 0.02% of its portfolio. Moreover, Blair William Il has 0% invested in Park Group plc (LON:PKG) for 5,970 shares. Moreover, New York State Teachers Retirement has 0.03% invested in Park Group plc (LON:PKG) for 190,384 shares. Oregon Public Employees Retirement Fund, a Oregon-based fund reported 39,256 shares. Moreover, Comml Bank Of America De has 0.03% invested in Park Group plc (LON:PKG) for 2.11M shares. Bank & Trust reported 16,093 shares or 0.15% of all its holdings. Alps Advsrs has 7,385 shares for 0% of their US portfolio. Cadence Capital Management Ltd accumulated 15,908 shares or 0.08% of the stock.
Insider Transactions: Since July 22, 2016, the stock had 0 insider purchases, and 2 insider sales for $744,490 net activity. $81,730 worth of shares were sold by Pflederer Kent A. on Friday, July 22. $662,760 worth of Park Group plc (LON:PKG) was sold by Walton Thomas W.H..
Park Group plc is a multi-retailer gift voucher and prepaid gift card business, which is engaged in delivering rewards and prepaid products to the clients and corporates in the United Kingdom. The company has a market cap of 122.30 million GBP. The Firm focuses on consumer prepayments and corporate reward and incentive programs. It has a 13.45 P/E ratio. The Company’s divisions include consumer and corporate.
According to Zacks Investment Research, “Packaging Corp. of America is one of the largest producers of containerboard in the United States and also one of the largest manufacturers of corrugated packaging products. The company produces corrugated containers as well as the containerboard used to manufacture corrugated containers. Corrugated containers are the most commonly used type of paper packaging. Corrugated containers, referred to as cardboard boxes, are made by combining multiple layers of heavyweight paper known as containerboard and fabricating them into finished boxes.”
Packaging Corporation of America (PCA), incorporated on January 25, 1999, is a producer of containerboard and corrugated packaging products, and uncoated free sheet. The Firm operates through three divisions: Packaging, Paper, and Corporate and Other. The Firm operates over eight mills and approximately 90 corrugated products manufacturing plants. It operates primarily in the United States and has converting and distribution activities in Canada.
More recent Park Group plc (LON:PKG) news were published by: Fool.Co.Uk which released: “Will Tesco plc, Park Group plc and Redcentric plc rise or fall by 20%?” on May 20, 2016. Also Bloomberg.com published the news titled: “S&P 500 Little Changed for Second Day Amid Stronger Factory Data” on June 01, 2016. Marketwatch.com‘s news article titled: “Merlin expects good profit growth in full year” with publication date: November 29, 2016 was also an interesting one.
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By Linda Rogers