New York State Common Retirement Fund Has $2.86 Million Stock Position in Ranpak Holdings Corp. (NYSE:PACK)

New York State Common Retirement Fund increased its holdings in Ranpak Holdings Corp. (NYSE:PACK) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,847 shares of the company’s stock after acquiring an additional 13,092 shares during the period. New York State Common Retirement Fund owned about 0.50% of Ranpak worth $2,861,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Ranpak in the third quarter worth $39,000. Quantbot Technologies LP acquired a new position in Ranpak in the 3rd quarter worth about $42,000. Glenmede Trust Co. NA purchased a new stake in shares of Ranpak during the 3rd quarter worth about $67,000. Paloma Partners Management Co purchased a new stake in shares of Ranpak during the 3rd quarter worth about $68,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Ranpak by 27.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,258 shares of the company’s stock valued at $93,000 after buying an additional 3,087 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Ranpak Price Performance

NYSE:PACK opened at $6.70 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36. The company has a 50-day moving average of $6.95 and a 200-day moving average of $6.84. Ranpak Holdings Corp. has a 52 week low of $4.30 and a 52 week high of $9.04. The company has a market capitalization of $557.41 million, a price-to-earnings ratio of -27.90 and a beta of 2.40.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald assumed coverage on shares of Ranpak in a research note on Thursday, December 19th. They issued an “overweight” rating and a $11.50 target price for the company.

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.