Two Sigma Investments LP Has $587,000 Holdings in Ranpak Holdings Corp. (NYSE:PACK)

Two Sigma Investments LP lowered its position in shares of Ranpak Holdings Corp. (NYSE:PACK) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,358 shares of the company’s stock after selling 31,759 shares during the quarter. Two Sigma Investments LP owned 0.10% of Ranpak worth $587,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PACK. KLP Kapitalforvaltning AS acquired a new stake in shares of Ranpak during the fourth quarter valued at approximately $42,000. Two Sigma Securities LLC acquired a new stake in shares of Ranpak during the fourth quarter valued at approximately $70,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ranpak during the fourth quarter valued at approximately $71,000. ProShare Advisors LLC acquired a new stake in shares of Ranpak during the fourth quarter valued at approximately $83,000. Finally, Graham Capital Management L.P. raised its holdings in shares of Ranpak by 42.1% during the fourth quarter. Graham Capital Management L.P. now owns 17,398 shares of the company’s stock valued at $120,000 after acquiring an additional 5,155 shares during the period. Institutional investors and hedge funds own 85.94% of the company’s stock.

Ranpak Stock Up 5.9%

Ranpak stock opened at $3.66 on Monday. The firm has a market cap of $307.87 million, a PE ratio of -15.23 and a beta of 2.70. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36. The firm’s 50 day moving average price is $3.72 and its two-hundred day moving average price is $5.78. Ranpak Holdings Corp. has a twelve month low of $2.91 and a twelve month high of $9.04.

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

Wall Street Analyst Weigh In

PACK has been the topic of several research reports. 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 research note on Wednesday, May 7th. Robert W. Baird dropped their price objective on shares of Ranpak from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note 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.