Tower Research Capital LLC TRC Acquires 8,390 Shares of Ranpak Holdings Corp. (NYSE:PACK)

Tower Research Capital LLC TRC lifted its stake in Ranpak Holdings Corp. (NYSE:PACK) by 397.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,500 shares of the company’s stock after purchasing an additional 8,390 shares during the period. Tower Research Capital LLC TRC’s holdings in Ranpak were worth $61,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Kennedy Capital Management LLC grew its stake in Ranpak by 11.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 495,522 shares of the company’s stock worth $2,696,000 after acquiring an additional 49,915 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in Ranpak by 10.0% in the third quarter. Westfield Capital Management Co. LP now owns 442,450 shares of the company’s stock worth $2,407,000 after purchasing an additional 40,250 shares in the last quarter. Roubaix Capital LLC increased its holdings in Ranpak by 1.0% during the 3rd quarter. Roubaix Capital LLC now owns 423,662 shares of the company’s stock worth $2,305,000 after purchasing an additional 4,043 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Ranpak by 4.2% in the 4th quarter. Russell Investments Group Ltd. now owns 306,597 shares of the company’s stock worth $1,784,000 after buying an additional 12,490 shares during the period. Finally, Trellus Management Company LLC increased its stake in shares of Ranpak by 10.6% during the third quarter. Trellus Management Company LLC now owns 208,817 shares of the company’s stock valued at $1,136,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Ranpak Stock Up 1.1 %

NYSE:PACK traded up $0.08 during trading hours on Monday, reaching $7.51. The company’s stock had a trading volume of 417,471 shares, compared to its average volume of 670,081. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.24 and a current ratio of 2.60. The company has a market capitalization of $620.48 million, a P/E ratio of -22.76 and a beta of 2.30. The stock has a 50 day moving average price of $6.60 and a two-hundred day moving average price of $5.16. Ranpak Holdings Corp. has a 12 month low of $2.63 and a 12 month high of $8.29.

Ranpak (NYSE:PACK) last issued its quarterly earnings data on Monday, March 11th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The company had revenue of $90.40 million for the quarter, compared to analysts’ expectations of $87.04 million. Ranpak had a negative return on equity of 4.63% and a negative net margin of 8.06%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.51) earnings per share.

Analysts Set New Price Targets

Separately, Craig Hallum upped their price objective on shares of Ranpak from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, April 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.