Los Angeles Capital Management LLC Sells 16,055 Shares of Ranpak Holdings Corp. (NYSE:PACK)

Los Angeles Capital Management LLC reduced its position in shares of Ranpak Holdings Corp. (NYSE:PACK) by 12.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,457 shares of the company’s stock after selling 16,055 shares during the quarter. Los Angeles Capital Management LLC owned about 0.13% of Ranpak worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PACK. BNP Paribas Financial Markets lifted its holdings in Ranpak by 227.0% in the first quarter. BNP Paribas Financial Markets now owns 37,996 shares of the company’s stock valued at $299,000 after buying an additional 26,377 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Ranpak by 4.8% in the 1st quarter. Russell Investments Group Ltd. now owns 321,430 shares of the company’s stock valued at $2,530,000 after purchasing an additional 14,833 shares during the period. Vanguard Group Inc. lifted its stake in shares of Ranpak by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,333,187 shares of the company’s stock valued at $18,362,000 after purchasing an additional 25,073 shares during the period. Roubaix Capital LLC boosted its position in shares of Ranpak by 188.8% in the 1st quarter. Roubaix Capital LLC now owns 714,592 shares of the company’s stock worth $5,624,000 after purchasing an additional 467,179 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Ranpak by 8.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,268 shares of the company’s stock valued at $231,000 after purchasing an additional 2,191 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PACK shares. Baird R W lowered Ranpak from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird reduced their price objective on shares of Ranpak from $10.00 to $7.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st.

Ranpak Price Performance

PACK opened at $6.63 on Friday. The stock has a market cap of $552.01 million, a P/E ratio of -27.63 and a beta of 2.37. Ranpak Holdings Corp. has a 12 month low of $3.56 and a 12 month high of $9.04. The company has a quick ratio of 2.01, a current ratio of 2.36 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $6.29 and a 200 day simple moving average of $6.58.

Ranpak (NYSE:PACK) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The business had revenue of $92.20 million during the quarter, compared to the consensus estimate of $90.76 million. During the same quarter last year, the company earned ($0.03) earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year.

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.