Quantbot Technologies LP Takes Position in Ranpak Holdings Corp. (NYSE:PACK)

Quantbot Technologies LP acquired a new position in Ranpak Holdings Corp. (NYSE:PACK) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,412 shares of the company’s stock, valued at approximately $42,000.

A number of other institutional investors also recently bought and sold shares of PACK. Meros Investment Management LP grew its holdings in shares of Ranpak by 32.6% during the 2nd quarter. Meros Investment Management LP now owns 943,729 shares of the company’s stock worth $6,068,000 after acquiring an additional 231,779 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Ranpak during the second quarter valued at approximately $713,000. Los Angeles Capital Management LLC grew its stake in Ranpak by 177.4% in the second quarter. Los Angeles Capital Management LLC now owns 127,512 shares of the company’s stock worth $820,000 after purchasing an additional 81,552 shares during the period. Vanguard Group Inc. raised its holdings in Ranpak by 1.1% in the first quarter. Vanguard Group Inc. now owns 2,333,187 shares of the company’s stock worth $18,362,000 after purchasing an additional 25,073 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Ranpak by 56.2% during the second quarter. American Century Companies Inc. now owns 52,033 shares of the company’s stock valued at $335,000 after buying an additional 18,731 shares during the period. 85.94% of the stock is owned by institutional investors.

Ranpak Trading Up 1.3 %

Ranpak stock opened at $7.82 on Friday. Ranpak Holdings Corp. has a 12 month low of $3.85 and a 12 month high of $9.04. The company has a market capitalization of $651.09 million, a price-to-earnings ratio of -32.58 and a beta of 2.42. The business’s fifty day simple moving average is $6.67 and its two-hundred day simple moving average is $6.66. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71.

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 analysts’ consensus estimates of ($0.04) by ($0.06). The firm had revenue of $92.20 million during the quarter, compared to the consensus estimate of $90.76 million. Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) EPS.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PACK. Baird R W lowered shares of Ranpak from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Robert W. Baird decreased their target price on shares of Ranpak from $10.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

About Ranpak

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.