SG Americas Securities LLC Raises Position in Ranpak Holdings Corp. (NYSE:PACK)

SG Americas Securities LLC lifted its stake in shares of Ranpak Holdings Corp. (NYSE:PACK) by 38.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,079 shares of the company’s stock after purchasing an additional 7,488 shares during the period. SG Americas Securities LLC’s holdings in Ranpak were worth $158,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Westfield Capital Management Co. LP boosted its holdings in Ranpak by 10.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 442,450 shares of the company’s stock worth $2,407,000 after buying an additional 40,250 shares during the period. Kennedy Capital Management LLC boosted its holdings in Ranpak by 11.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 495,522 shares of the company’s stock worth $2,696,000 after buying an additional 49,915 shares during the period. Roubaix Capital LLC boosted its holdings in Ranpak by 1.0% in the 3rd quarter. Roubaix Capital LLC now owns 423,662 shares of the company’s stock worth $2,305,000 after buying an additional 4,043 shares during the period. Trellus Management Company LLC boosted its holdings in Ranpak by 10.6% in the 3rd quarter. Trellus Management Company LLC now owns 208,817 shares of the company’s stock worth $1,136,000 after buying an additional 20,000 shares during the period. Finally, Group One Trading L.P. bought a new position in Ranpak in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised their price target on shares of Ranpak from $8.00 to $10.00 and gave the company a “buy” rating in a report on Monday, April 1st.

Ranpak Stock Performance

NYSE PACK opened at $7.13 on Tuesday. Ranpak Holdings Corp. has a 52-week low of $2.63 and a 52-week high of $8.29. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.24 and a current ratio of 2.60. The company has a market capitalization of $589.08 million, a P/E ratio of -21.61 and a beta of 2.30. The company has a fifty day moving average of $6.07 and a 200-day moving average of $5.00.

Ranpak (NYSE:PACK) last issued its earnings results on Monday, March 11th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The business had revenue of $90.40 million during the quarter, compared to analysts’ expectations of $87.04 million. Ranpak had a negative return on equity of 4.63% and a negative net margin of 8.06%. Ranpak’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.51) EPS.

Ranpak 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.