Charles Schwab Investment Management Inc. Increases Stock Holdings in Ranpak Holdings Corp. (NYSE:PACK)

Charles Schwab Investment Management Inc. lifted its holdings in Ranpak Holdings Corp. (NYSE:PACK) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 344,550 shares of the company’s stock after buying an additional 14,798 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.41% of Ranpak worth $2,250,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Ranpak by 34.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,129,802 shares of the company’s stock valued at $13,694,000 after buying an additional 542,464 shares in the last quarter. Meros Investment Management LP boosted its stake in shares of Ranpak by 32.6% in the second quarter. Meros Investment Management LP now owns 943,729 shares of the company’s stock valued at $6,068,000 after buying an additional 231,779 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in shares of Ranpak by 2.8% in the second quarter. Driehaus Capital Management LLC now owns 804,454 shares of the company’s stock valued at $5,173,000 after buying an additional 21,574 shares in the last quarter. Roubaix Capital LLC boosted its stake in shares of Ranpak by 7.0% in the third quarter. Roubaix Capital LLC now owns 641,429 shares of the company’s stock valued at $4,189,000 after buying an additional 41,872 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Ranpak by 5.3% in the third quarter. Empowered Funds LLC now owns 306,969 shares of the company’s stock valued at $2,005,000 after buying an additional 15,544 shares in the last quarter. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

Ranpak Stock Performance

NYSE PACK opened at $7.70 on Monday. Ranpak Holdings Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $9.04. The stock has a market cap of $641.08 million, a price-to-earnings ratio of -32.08 and a beta of 2.42. The business has a fifty day moving average of $6.84 and a 200-day moving average of $6.72. 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 (NYSE:PACK) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Ranpak had a negative net margin of 5.64% and a negative return on equity of 3.54%. The business had revenue of $92.20 million during the quarter, compared to analysts’ expectations of $90.76 million. During the same period in the prior year, the firm earned ($0.03) EPS. Ranpak’s revenue for the quarter was up 11.4% on a year-over-year basis.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price objective on Ranpak from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Friday, November 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.