Barclays PLC Has $478,000 Stock Holdings in Ranpak Holdings Corp. (NYSE:PACK)

Barclays PLC raised its stake in Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 367.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 73,116 shares of the company's stock after buying an additional 57,461 shares during the period. Barclays PLC owned approximately 0.09% of Ranpak worth $478,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Ranpak by 34.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,129,802 shares of the company's stock worth $13,694,000 after purchasing an additional 542,464 shares during the period. State Street Corp increased its stake in Ranpak by 15.2% in the 3rd quarter. State Street Corp now owns 1,133,277 shares of the company's stock worth $7,400,000 after purchasing an additional 149,446 shares in the last quarter. Geode Capital Management LLC raised its holdings in Ranpak by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 990,835 shares of the company's stock worth $6,471,000 after buying an additional 40,049 shares during the period. Meros Investment Management LP lifted its stake in Ranpak by 32.6% during the second quarter. Meros Investment Management LP now owns 943,729 shares of the company's stock valued at $6,068,000 after buying an additional 231,779 shares in the last quarter. Finally, Driehaus Capital Management LLC boosted its holdings in shares of Ranpak by 2.8% in the second quarter. Driehaus Capital Management LLC now owns 804,454 shares of the company's stock worth $5,173,000 after buying an additional 21,574 shares during the period. Institutional investors own 85.94% of the company's stock.

Ranpak Stock Up 0.8 %

Shares of PACK traded up $0.05 during trading hours on Friday, reaching $6.37. The company's stock had a trading volume of 165,761 shares, compared to its average volume of 166,814. 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 firm has a market cap of $530.62 million, a price-to-earnings ratio of -26.55 and a beta of 2.41. The company has a 50 day moving average of $7.18 and a two-hundred day moving average of $6.84. 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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The company had revenue of $92.20 million during the quarter, compared to analysts' expectations of $90.76 million. During the same quarter in the previous year, the company earned ($0.03) EPS. The firm's quarterly revenue was up 11.4% compared to the same quarter last year. As a group, research analysts predict that Ranpak Holdings Corp. will post -0.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PACK shares. Cantor Fitzgerald began coverage on shares of Ranpak in a report on Thursday, December 19th. They set an "overweight" rating and a $11.50 price target on the stock. Robert W. Baird cut their target price on shares of Ranpak from $10.00 to $7.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st.

Ranpak 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.