Amundi Sells 59,012 Shares of Ranpak Holdings Corp. (NYSE:PACK)

Amundi trimmed its holdings in shares of Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 7.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,386 shares of the company's stock after selling 59,012 shares during the period. Amundi owned 0.86% of Ranpak worth $4,649,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PACK. Quarry LP bought a new stake in shares of Ranpak during the third quarter worth $39,000. Quantbot Technologies LP bought a new stake in Ranpak during the 3rd quarter worth about $42,000. Glenmede Trust Co. NA acquired a new stake in Ranpak in the 3rd quarter valued at about $67,000. Paloma Partners Management Co bought a new position in shares of Ranpak in the third quarter worth about $68,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Ranpak by 27.6% during the third quarter. BNP Paribas Financial Markets now owns 14,258 shares of the company's stock worth $93,000 after purchasing an additional 3,087 shares in the last quarter. Institutional investors own 85.94% of the company's stock.

Ranpak Trading Up 2.2 %

Ranpak stock traded up $0.13 during mid-day trading on Wednesday, hitting $5.81. The stock had a trading volume of 246,425 shares, compared to its average volume of 719,324. The stock has a market capitalization of $483.31 million, a PE ratio of -24.19 and a beta of 2.59. Ranpak Holdings Corp. has a 12 month low of $5.54 and a 12 month high of $9.04. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The stock has a 50-day simple moving average of $6.76 and a two-hundred day simple moving average of $6.76.

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Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald initiated coverage on shares of Ranpak in a report on Thursday, December 19th. They issued an "overweight" rating and a $11.50 price target for the company.

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.