SG Americas Securities LLC Grows Stock Holdings in Ranpak Holdings Corp. (NYSE:PACK)

SG Americas Securities LLC raised its holdings in shares of Ranpak Holdings Corp. (NYSE:PACK) by 38.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,079 shares of the company’s stock after acquiring an additional 7,488 shares during the period. SG Americas Securities LLC’s holdings in Ranpak were worth $158,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PACK. Ensign Peak Advisors Inc increased its holdings in Ranpak by 81.8% during the third quarter. Ensign Peak Advisors Inc now owns 8,180 shares of the company’s stock valued at $28,000 after buying an additional 3,680 shares during the last quarter. Captrust Financial Advisors increased its holdings in Ranpak by 107.0% during the second quarter. Captrust Financial Advisors now owns 5,460 shares of the company’s stock valued at $38,000 after buying an additional 2,822 shares during the last quarter. Point72 Hong Kong Ltd increased its holdings in Ranpak by 202.2% during the second quarter. Point72 Hong Kong Ltd now owns 6,513 shares of the company’s stock valued at $46,000 after buying an additional 4,358 shares during the last quarter. Legato Capital Management LLC purchased a new stake in Ranpak during the second quarter valued at approximately $51,000. Finally, XTX Topco Ltd purchased a new stake in Ranpak during the second quarter valued at approximately $53,000. 85.94% of the stock is owned by hedge funds and other institutional investors.

Ranpak Stock Performance

Shares of NYSE PACK opened at $7.13 on Tuesday. The firm has a fifty day moving average price of $6.07 and a 200-day moving average price of $5.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.60 and a quick ratio of 2.24. The stock has a market cap of $589.08 million, a PE ratio of -21.61 and a beta of 2.30. Ranpak Holdings Corp. has a 1 year low of $2.63 and a 1 year high of $8.29.

Ranpak (NYSE:PACK) last announced its quarterly earnings data on Monday, March 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The firm 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%. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned ($0.51) earnings per share.

Analyst Upgrades and Downgrades

Separately, Craig Hallum increased their price objective on shares of Ranpak from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 1st.

About Ranpak

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.