Tower Research Capital LLC TRC Raises Stock Position in Ranpak Holdings Corp. (NYSE:PACK)

Tower Research Capital LLC TRC grew its stake in Ranpak Holdings Corp. (NYSE:PACK) by 397.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,500 shares of the company’s stock after purchasing an additional 8,390 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Ranpak were worth $61,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PACK. Group One Trading L.P. bought a new stake in shares of Ranpak during the third quarter valued at approximately $54,000. Simplex Trading LLC grew its position in shares of Ranpak by 827.6% in the 3rd quarter. Simplex Trading LLC now owns 11,827 shares of the company’s stock worth $64,000 after buying an additional 10,552 shares during the period. SG Americas Securities LLC bought a new position in shares of Ranpak in the 3rd quarter worth about $107,000. M&T Bank Corp lifted its position in Ranpak by 13.9% during the 4th quarter. M&T Bank Corp now owns 166,510 shares of the company’s stock valued at $970,000 after acquiring an additional 20,374 shares during the period. Finally, Trellus Management Company LLC boosted its stake in Ranpak by 10.6% during the third quarter. Trellus Management Company LLC now owns 208,817 shares of the company’s stock worth $1,136,000 after acquiring an additional 20,000 shares in the last quarter. 85.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised their target price on shares of Ranpak from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, April 1st.

Ranpak Stock Up 1.1 %

Shares of NYSE PACK traded up $0.08 during trading on Monday, reaching $7.51. The company had a trading volume of 417,471 shares, compared to its average volume of 670,081. Ranpak Holdings Corp. has a 12-month low of $2.63 and a 12-month high of $8.29. The company has a quick ratio of 2.24, a current ratio of 2.60 and a debt-to-equity ratio of 0.70. The business’s 50-day moving average is $6.60 and its 200 day moving average is $5.16. The stock has a market cap of $620.48 million, a PE ratio of -22.76 and a beta of 2.30.

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

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.