Fuller & Thaler Cuts Graphic Packaging Stake to 3.9%
Ticker: GPK · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1408075
| Field | Detail |
|---|---|
| Company | Graphic Packaging Holding Co (GPK) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | medium |
| Sentiment | bearish |
Complexity: simple
Sentiment: bearish
Topics: institutional-ownership, stake-reduction, SC-13G/A
TL;DR
**Fuller & Thaler just cut their GPK stake to 3.9%, watch out!**
AI Summary
Fuller & Thaler Asset Management, Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in Graphic Packaging Holding Company (GPK) as of December 31, 2023. The filing shows Fuller & Thaler holds sole voting power over 12,408,413 shares, representing 3.9% of GPK's common stock. This is a decrease from their previous reported ownership, indicating they have reduced their stake in the company. For investors, this matters because a significant institutional investor has trimmed its position, which could signal a re-evaluation of GPK's future prospects.
Why It Matters
This filing indicates a notable institutional investor, Fuller & Thaler Asset Management, has reduced its ownership in Graphic Packaging Holding Company, which could be interpreted as a less bullish outlook on the stock.
Risk Assessment
Risk Level: medium — A reduction in ownership by a large institutional investor can sometimes signal potential concerns or a shift in investment strategy, introducing moderate risk for current or prospective shareholders.
Analyst Insight
Investors should investigate the reasons behind Fuller & Thaler's reduced stake in Graphic Packaging Holding Company and consider if this aligns with their own investment thesis for the stock.
Key Numbers
- 12,408,413 — Sole Voting Power Shares (Represents the number of shares Fuller & Thaler Asset Management, Inc. can vote independently.)
- 3.9% — Percentage of Class Owned (Indicates the proportion of Graphic Packaging Holding Company's common stock owned by Fuller & Thaler Asset Management, Inc.)
Key Players & Entities
- Fuller & Thaler Asset Management, Inc. (company) — the reporting person decreasing its ownership
- Graphic Packaging Holding Company (company) — the issuer of the securities
- 12,408,413 (dollar_amount) — shares with sole voting power held by Fuller & Thaler
- 3.9% (dollar_amount) — percentage of class owned by Fuller & Thaler
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- Other institutional investors may re-evaluate their positions in Graphic Packaging Holding Company following Fuller & Thaler's reduction. (Graphic Packaging Holding Company) — medium confidence, target: Q2 2024
FAQ
Who filed this SC 13G/A amendment?
Fuller & Thaler Asset Management, Inc. filed this SC 13G/A amendment, as indicated by the 'FILED BY' section and 'Name of Reporting Person' on page 2.
What company's stock is the subject of this filing?
The subject company is GRAPHIC PACKAGING HOLDING COMPANY, as stated under 'Name of Issuer' on page 1 and in the 'SUBJECT COMPANY' data.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on page 1 of the filing.
How many shares does Fuller & Thaler Asset Management, Inc. have sole voting power over?
Fuller & Thaler Asset Management, Inc. has sole voting power over 12,408,413 shares, as reported on page 2, item 5.
What percentage of Graphic Packaging Holding Company's common stock does Fuller & Thaler Asset Management, Inc. now own?
Fuller & Thaler Asset Management, Inc. now owns 3.9% of Graphic Packaging Holding Company's common stock, as stated on page 3, item 13.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding GRAPHIC PACKAGING HOLDING CO (GPK).