24,522 Shares in Ranpak Holdings Corp. (NYSE:PACK) Acquired by Caxton Associates LP

Caxton Associates LP acquired a new stake in Ranpak Holdings Corp. (NYSE:PACK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,522 shares of the company’s stock, valued at approximately $158,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of Ranpak in the second quarter valued at approximately $31,000. Legato Capital Management LLC purchased a new stake in Ranpak in the 2nd quarter valued at $91,000. Gabelli Funds LLC acquired a new stake in shares of Ranpak in the 2nd quarter worth $129,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Ranpak by 8.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,268 shares of the company’s stock worth $231,000 after acquiring an additional 2,191 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Ranpak by 227.0% during the 1st quarter. BNP Paribas Financial Markets now owns 37,996 shares of the company’s stock valued at $299,000 after acquiring an additional 26,377 shares during the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PACK shares. Baird R W cut shares of Ranpak from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Robert W. Baird downgraded shares of Ranpak from an “outperform” rating to a “neutral” rating and set a $10.00 price target for the company. in a report on Wednesday, August 14th. Finally, Craig Hallum reiterated a “buy” rating and issued a $10.00 price objective on shares of Ranpak in a report on Thursday, June 20th.

Ranpak Stock Up 0.3 %

Shares of NYSE:PACK opened at $6.43 on Friday. Ranpak Holdings Corp. has a 12-month low of $2.63 and a 12-month high of $9.04. The business has a 50-day moving average price of $6.94 and a 200 day moving average price of $6.87. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.52 and a quick ratio of 2.07.

Ranpak (NYSE:PACK) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.13. Ranpak had a negative net margin of 4.41% and a negative return on equity of 2.67%. The business had revenue of $86.40 million during the quarter, compared to analysts’ expectations of $87.67 million. During the same period last year, the business earned ($0.03) earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis.

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.