Algert Global LLC Takes $550,000 Position in Ranpak Holdings Corp. (NYSE:PACK)

Algert Global LLC bought a new position in shares of Ranpak Holdings Corp. (NYSE:PACK) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 84,264 shares of the company’s stock, valued at approximately $550,000. Algert Global LLC owned approximately 0.10% of Ranpak at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Ranpak by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 344,550 shares of the company’s stock valued at $2,250,000 after purchasing an additional 14,798 shares during the last quarter. Empowered Funds LLC grew its position in shares of Ranpak by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 306,969 shares of the company’s stock valued at $2,005,000 after buying an additional 15,544 shares during the last quarter. GSA Capital Partners LLP raised its stake in Ranpak by 1.8% during the 3rd quarter. GSA Capital Partners LLP now owns 289,721 shares of the company’s stock worth $1,892,000 after acquiring an additional 5,254 shares in the last quarter. Roubaix Capital LLC lifted its position in Ranpak by 7.0% in the third quarter. Roubaix Capital LLC now owns 641,429 shares of the company’s stock valued at $4,189,000 after acquiring an additional 41,872 shares during the last quarter. Finally, Semanteon Capital Management LP acquired a new position in Ranpak in the third quarter valued at $230,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Ranpak Price Performance

Shares of NYSE:PACK opened at $7.79 on Friday. Ranpak Holdings Corp. has a one year low of $3.85 and a one year high of $9.04. The stock has a market capitalization of $648.60 million, a price-to-earnings ratio of -32.46 and a beta of 2.37. The company has a 50-day simple moving average of $6.52 and a 200-day simple moving average of $6.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36.

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

Analyst Upgrades and Downgrades

PACK has been the subject of several research reports. Baird R W downgraded Ranpak from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th. Robert W. Baird reduced their price objective on Ranpak from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

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.