Ranpak Holdings Corp $PACK Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of Ranpak Holdings Corp (NYSE:PACK) by 538.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,751 shares of the company’s stock after buying an additional 101,840 shares during the quarter. Sei Investments Co. owned about 0.14% of Ranpak worth $431,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Schusterman Interests LLC lifted its position in Ranpak by 2,995.5% in the third quarter. Schusterman Interests LLC now owns 3,018,616 shares of the company’s stock valued at $16,965,000 after buying an additional 2,921,099 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Ranpak by 8,737.4% in the 3rd quarter. Millennium Management LLC now owns 1,194,909 shares of the company’s stock worth $6,715,000 after acquiring an additional 1,181,388 shares during the last quarter. Royce & Associates LP increased its holdings in Ranpak by 185.6% in the 4th quarter. Royce & Associates LP now owns 1,285,000 shares of the company’s stock valued at $6,952,000 after purchasing an additional 835,000 shares during the last quarter. CenterBook Partners LP acquired a new stake in Ranpak in the 4th quarter valued at approximately $4,309,000. Finally, Samjo Management LLC purchased a new stake in Ranpak in the fourth quarter valued at approximately $3,537,000. 85.94% of the stock is currently owned by hedge funds and other institutional investors.

Ranpak Trading Down 0.4%

NYSE PACK opened at $5.57 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. Ranpak Holdings Corp has a 52 week low of $3.22 and a 52 week high of $7.81. The stock has a market capitalization of $477.43 million, a PE ratio of -12.65 and a beta of 3.14. The firm has a 50 day moving average of $6.54 and a two-hundred day moving average of $5.51.

Ranpak (NYSE:PACK) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The firm had revenue of $105.20 million during the quarter, compared to analyst estimates of $100.94 million. Ranpak had a negative net margin of 9.09% and a negative return on equity of 7.18%. As a group, research analysts expect that Ranpak Holdings Corp will post -0.32 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on PACK. Wall Street Zen upgraded Ranpak from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ranpak in a research report on Friday, July 17th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Ranpak has a consensus rating of “Moderate Buy” and a consensus target price of $7.00.

About Ranpak

Ranpak Holdings Corp. (NYSE: PACK) is a leading provider of sustainable, paper-based packaging solutions designed to protect products during transit. The company’s core business centers on the design, manufacture and distribution of automated systems and consumable paper packaging materials that offer an eco-friendly alternative to plastic-based void-fill and protective packaging. Ranpak’s solutions include crumpled paper fillers, paper wrap systems and tailored automation equipment that serve diverse end markets such as e-commerce, industrial parts, electronics and retail.

Founded in 1972 and headquartered in Concord Township, Ohio, Ranpak has built a global presence by combining innovation in paper converting technology with a commitment to sustainability.