Ranpak Holdings Corp. (NYSE:PACK) Shares Sold by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC reduced its position in shares of Ranpak Holdings Corp. (NYSE:PACK) by 18.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,239 shares of the company’s stock after selling 6,069 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Ranpak were worth $187,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC grew its holdings in Ranpak by 3.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,125,019 shares of the company’s stock worth $21,500,000 after acquiring an additional 102,804 shares during the period. G2 Investment Partners Management LLC grew its holdings in Ranpak by 28.7% during the fourth quarter. G2 Investment Partners Management LLC now owns 3,070,511 shares of the company’s stock worth $21,125,000 after acquiring an additional 683,851 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ranpak by 8.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,569,282 shares of the company’s stock worth $17,677,000 after acquiring an additional 198,973 shares during the period. Vanguard Group Inc. boosted its position in shares of Ranpak by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,543,196 shares of the company’s stock valued at $17,497,000 after purchasing an additional 49,102 shares during the period. Finally, Meros Investment Management LP boosted its position in shares of Ranpak by 1.8% in the 4th quarter. Meros Investment Management LP now owns 956,225 shares of the company’s stock valued at $6,579,000 after purchasing an additional 16,834 shares during the period. 85.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PACK shares. Robert W. Baird decreased their price target on Ranpak from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Cantor Fitzgerald decreased their price target on Ranpak from $11.50 to $6.00 and set an “overweight” rating for the company in a research report on Wednesday, May 7th.

Ranpak Trading Down 1.4%

NYSE:PACK opened at $3.55 on Wednesday. The company has a quick ratio of 2.01, a current ratio of 2.36 and a debt-to-equity ratio of 0.71. Ranpak Holdings Corp. has a 1-year low of $2.91 and a 1-year high of $9.04. The firm has a market capitalization of $296.82 million, a price-to-earnings ratio of -14.79 and a beta of 2.79. The stock has a fifty day simple moving average of $4.30 and a 200 day simple moving average of $6.09.

Ranpak (NYSE:PACK) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.09). Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The business had revenue of $91.20 million for the quarter, compared to analyst estimates of $90.56 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Ranpak Holdings Corp. will post -0.2 earnings per share for the current year.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provides product protection solutions and end-of-line automation solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands, as well as cold chain products, which are used to provide insulation for goods.