12,096 Shares in Ranpak Holdings Corp. (NYSE:PACK) Acquired by ProShare Advisors LLC

ProShare Advisors LLC acquired a new position in Ranpak Holdings Corp. (NYSE:PACK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,096 shares of the company’s stock, valued at approximately $83,000.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in Ranpak by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,419 shares of the company’s stock worth $230,000 after purchasing an additional 2,513 shares during the last quarter. SG Americas Securities LLC grew its holdings in Ranpak by 16.9% in the fourth quarter. SG Americas Securities LLC now owns 19,059 shares of the company’s stock worth $131,000 after purchasing an additional 2,758 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Ranpak by 25.4% in the fourth quarter. BNP Paribas Financial Markets now owns 17,881 shares of the company’s stock worth $123,000 after purchasing an additional 3,623 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Ranpak by 13.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,510 shares of the company’s stock worth $279,000 after purchasing an additional 4,953 shares during the last quarter. Finally, Graham Capital Management L.P. grew its holdings in Ranpak by 42.1% in the fourth quarter. Graham Capital Management L.P. now owns 17,398 shares of the company’s stock worth $120,000 after purchasing an additional 5,155 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.

Ranpak Price Performance

Shares of PACK opened at $3.40 on Wednesday. The firm has a market capitalization of $285.97 million, a PE ratio of -14.15 and a beta of 2.79. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.36 and a quick ratio of 2.01. Ranpak Holdings Corp. has a 1-year low of $2.91 and a 1-year high of $9.04. The company’s fifty day moving average price is $3.83 and its 200-day moving average price is $5.86.

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

Wall Street Analyst Weigh In

PACK has been the topic of several analyst reports. Robert W. Baird cut their price target on shares of Ranpak from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Cantor Fitzgerald dropped their price objective on shares of Ranpak from $11.50 to $6.00 and set an “overweight” rating on the stock in a report on Wednesday, May 7th.

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.