Algert Global LLC Takes Position in Ranpak Holdings Corp. (NYSE:PACK)

Algert Global LLC bought a new position in Ranpak Holdings Corp. (NYSE:PACK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 84,264 shares of the company's stock, valued at approximately $550,000. Algert Global LLC owned about 0.10% of Ranpak at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in shares of Ranpak during the 2nd quarter valued at about $31,000. Legato Capital Management LLC bought a new stake in Ranpak during the second quarter valued at approximately $91,000. SG Americas Securities LLC purchased a new stake in Ranpak during the third quarter valued at approximately $106,000. The Manufacturers Life Insurance Company raised its position in Ranpak by 8.8% in the second quarter. The Manufacturers Life Insurance Company now owns 18,098 shares of the company's stock worth $116,000 after acquiring an additional 1,464 shares during the period. Finally, Gabelli Funds LLC purchased a new position in shares of Ranpak during the 2nd quarter worth $129,000. Institutional investors own 85.94% of the company's stock.

Analyst Upgrades and Downgrades

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

Ranpak Price Performance

NYSE:PACK traded down $0.06 during trading hours on Friday, hitting $7.79. 143,606 shares of the stock traded hands, compared to its average volume of 305,519. The stock has a 50 day moving average price of $6.52 and a 200 day moving average price of $6.62. 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 market cap of $648.57 million, a price-to-earnings ratio of -32.46 and a beta of 2.37. Ranpak Holdings Corp. has a 1 year low of $3.85 and a 1 year high of $9.04.

Ranpak (NYSE:PACK - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). The firm 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 quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) EPS.

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.