SG Americas Securities LLC Acquires 2,758 Shares of Ranpak Holdings Corp. (NYSE:PACK)

SG Americas Securities LLC boosted its holdings in Ranpak Holdings Corp. (NYSE:PACK) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,059 shares of the company’s stock after purchasing an additional 2,758 shares during the period. SG Americas Securities LLC’s holdings in Ranpak were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of PACK. The Manufacturers Life Insurance Company grew its position in shares of 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 acquiring an additional 1,464 shares during the period. Semanteon Capital Management LP bought a new position in shares of Ranpak in the 3rd quarter valued at about $230,000. Roubaix Capital LLC grew its position in shares of Ranpak by 7.0% in the 3rd quarter. Roubaix Capital LLC now owns 641,429 shares of the company’s stock valued at $4,189,000 after acquiring an additional 41,872 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Ranpak by 1.8% during the 3rd quarter. GSA Capital Partners LLP now owns 289,721 shares of the company’s stock worth $1,892,000 after buying an additional 5,254 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Ranpak by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 306,969 shares of the company’s stock worth $2,005,000 after buying an additional 15,544 shares during the period. Institutional investors own 85.94% of the company’s stock.

Ranpak Price Performance

Shares of Ranpak stock opened at $7.66 on Wednesday. Ranpak Holdings Corp. has a twelve month low of $4.29 and a twelve month high of $9.04. 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 50-day simple moving average of $7.08 and a two-hundred day simple moving average of $6.86. The stock has a market capitalization of $637.36 million, a price-to-earnings ratio of -31.90 and a beta of 2.40.

Analyst Ratings Changes

Several brokerages recently commented on PACK. Robert W. Baird reduced their target price on shares of Ranpak from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Cantor Fitzgerald began coverage on shares of Ranpak in a report on Thursday, December 19th. They set an “overweight” rating and a $11.50 target price 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.