D. E. Shaw & Co. Inc. Has $2.15 Million Stock Holdings in Ranpak Holdings Corp. (NYSE:PACK)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Ranpak Holdings Corp. (NYSE:PACK) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 312,974 shares of the company’s stock after selling 18,031 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.38% of Ranpak worth $2,153,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PACK. KLP Kapitalforvaltning AS bought a new stake in Ranpak during the 4th quarter valued at approximately $42,000. Two Sigma Securities LLC bought a new stake in Ranpak during the 4th quarter valued at approximately $70,000. Susquehanna Fundamental Investments LLC bought a new stake in Ranpak during the 4th quarter valued at approximately $71,000. BNP Paribas Financial Markets boosted its stake in Ranpak by 25.4% during the 4th quarter. BNP Paribas Financial Markets now owns 17,881 shares of the company’s stock valued at $123,000 after purchasing an additional 3,623 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Ranpak by 16.9% in the 4th quarter. SG Americas Securities LLC now owns 19,059 shares of the company’s stock valued at $131,000 after acquiring an additional 2,758 shares in the last quarter. Institutional investors own 85.94% of the company’s stock.

Ranpak Trading Down 1.4%

Shares of PACK opened at $3.55 on Wednesday. Ranpak Holdings Corp. has a 1 year low of $2.91 and a 1 year high of $9.04. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The stock has a 50 day simple moving average of $4.30 and a 200-day simple moving average of $6.09. The stock has a market cap of $296.82 million, a PE ratio of -14.79 and a beta of 2.79.

Ranpak (NYSE:PACK) last issued its earnings results on Tuesday, May 6th. The company reported ($0.13) earnings per share (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 company had revenue of $91.20 million during the quarter, compared to analyst estimates of $90.56 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that Ranpak Holdings Corp. will post -0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PACK. Robert W. Baird cut their price target on Ranpak from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Cantor Fitzgerald cut their price target on Ranpak from $11.50 to $6.00 and set an “overweight” rating for the company in a report on Wednesday, May 7th.

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.