Charles Schwab Investment Management Inc. Boosts Position in Ranpak Holdings Corp. (NYSE:PACK)

Charles Schwab Investment Management Inc. raised its stake in Ranpak Holdings Corp. (NYSE:PACK) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 352,346 shares of the company’s stock after acquiring an additional 7,796 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.42% of Ranpak worth $2,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of Ranpak during the 3rd quarter valued at approximately $39,000. Quantbot Technologies LP acquired a new position in Ranpak during the third quarter worth $42,000. Glenmede Trust Co. NA purchased a new position in Ranpak during the third quarter valued at $67,000. Paloma Partners Management Co acquired a new stake in shares of Ranpak in the third quarter valued at about $68,000. Finally, BNP Paribas Financial Markets lifted its stake in Ranpak by 27.6% in 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 in the last quarter. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Ranpak Stock Down 2.9 %

Shares of NYSE PACK opened at $5.41 on Friday. Ranpak Holdings Corp. has a 12-month low of $5.32 and a 12-month high of $9.04. The business’s fifty day simple moving average is $6.65 and its 200-day simple moving average is $6.71. The stock has a market cap of $452.00 million, a P/E ratio of -22.53 and a beta of 2.59. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71.

Analyst Ratings Changes

Separately, Cantor Fitzgerald started coverage on shares of Ranpak in a research note on Thursday, December 19th. They set an “overweight” rating and a $11.50 price objective 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.