BNP Paribas Financial Markets Has $93,000 Stock Holdings in Ranpak Holdings Corp. (NYSE:PACK)

BNP Paribas Financial Markets increased its holdings in shares of Ranpak Holdings Corp. (NYSE:PACK) by 27.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,258 shares of the company’s stock after purchasing an additional 3,087 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ranpak were worth $93,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of Ranpak during the second quarter worth $31,000. Quantbot Technologies LP bought a new stake in shares of Ranpak in the third quarter valued at about $42,000. Legato Capital Management LLC bought a new stake in shares of Ranpak in the second quarter valued at about $91,000. SG Americas Securities LLC bought a new position in shares of Ranpak during the third quarter worth about $106,000. Finally, The Manufacturers Life Insurance Company raised its position in Ranpak by 8.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,098 shares of the company’s stock valued at $116,000 after buying an additional 1,464 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, 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 Trading Down 7.4 %

Shares of NYSE:PACK opened at $7.27 on Thursday. The stock has a market capitalization of $605.28 million, a PE ratio of -30.29 and a beta of 2.42. The company’s 50-day moving average price is $6.94 and its two-hundred day moving average price is $6.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.36 and a quick ratio of 2.01. Ranpak Holdings Corp. has a one year low of $3.85 and a one year high of $9.04.

Ranpak (NYSE:PACK) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $92.20 million for the quarter, compared to analyst estimates of $90.76 million. Ranpak had a negative net margin of 5.64% and a negative return on equity of 3.54%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the company posted ($0.03) earnings per share.

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.