Ranpak Holdings Corp $PACK Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lowered its holdings in Ranpak Holdings Corp (NYSE:PACK) by 87.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 21,942 shares of the company’s stock after selling 150,106 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Ranpak were worth $123,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PACK. Schusterman Interests LLC increased its position in shares of Ranpak by 2,995.5% in the third quarter. Schusterman Interests LLC now owns 3,018,616 shares of the company’s stock worth $16,965,000 after acquiring an additional 2,921,099 shares in the last quarter. Millennium Management LLC increased its position in shares of Ranpak by 8,737.4% in the third quarter. Millennium Management LLC now owns 1,194,909 shares of the company’s stock worth $6,715,000 after acquiring an additional 1,181,388 shares in the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of Ranpak in the third quarter worth $3,201,000. Royce & Associates LP acquired a new stake in shares of Ranpak in the third quarter worth $2,529,000. Finally, UBS Group AG increased its position in shares of Ranpak by 609.5% in the third quarter. UBS Group AG now owns 518,890 shares of the company’s stock worth $2,916,000 after acquiring an additional 445,755 shares in the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

Ranpak Price Performance

PACK opened at $4.13 on Friday. The company has a fifty day simple moving average of $4.33 and a 200 day simple moving average of $4.99. The firm has a market cap of $349.81 million, a price-to-earnings ratio of -9.18 and a beta of 2.88. Ranpak Holdings Corp has a twelve month low of $2.91 and a twelve month high of $6.31. The company has a current ratio of 1.83, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74.

Ranpak (NYSE:PACK) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09). The firm had revenue of $111.90 million for the quarter, compared to analyst estimates of $112.82 million. Ranpak had a negative net margin of 9.70% and a negative return on equity of 7.11%. Equities research analysts expect that Ranpak Holdings Corp will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PACK. Cantor Fitzgerald reissued an “overweight” rating on shares of Ranpak in a research report on Friday, March 6th. Wall Street Zen lowered shares of Ranpak from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. UBS Group reissued an “overweight” rating on shares of Ranpak in a research report on Friday, March 6th. Craig Hallum dropped their price objective on shares of Ranpak from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ranpak in a research report on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.83.

Ranpak Profile

Ranpak Holdings Corp. (NYSE: PACK) is a leading provider of sustainable, paper-based packaging solutions designed to protect products during transit. The company’s core business centers on the design, manufacture and distribution of automated systems and consumable paper packaging materials that offer an eco-friendly alternative to plastic-based void-fill and protective packaging. Ranpak’s solutions include crumpled paper fillers, paper wrap systems and tailored automation equipment that serve diverse end markets such as e-commerce, industrial parts, electronics and retail.

Founded in 1972 and headquartered in Concord Township, Ohio, Ranpak has built a global presence by combining innovation in paper converting technology with a commitment to sustainability.