30,530,897 Shares in Ranpak Holdings Corp $PACK Bought by JS Capital Management LLC

JS Capital Management LLC purchased a new position in shares of Ranpak Holdings Corp (NYSE:PACK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,530,897 shares of the company’s stock, valued at approximately $223,180,857. Ranpak makes up 0.1% of JS Capital Management LLC’s portfolio, making the stock its largest position. JS Capital Management LLC owned about 35.60% of Ranpak as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ranpak in the 4th quarter worth approximately $55,000. Quantbot Technologies LP acquired a new position in Ranpak in the third quarter valued at approximately $58,000. nVerses Capital LLC purchased a new position in shares of Ranpak in the fourth quarter worth about $58,000. Corient Private Wealth LLC acquired a new position in Ranpak during the 4th quarter worth about $59,000. Finally, Numerai GP LLC acquired a new position in Ranpak in the fourth quarter valued at $62,000. Institutional investors own 85.94% of the company’s stock.

Ranpak Trading Down 2.0%

PACK stock traded down $0.10 during midday trading on Friday, reaching $4.92. 229,215 shares of the company traded hands, compared to its average volume of 540,739. The business has a 50 day moving average of $6.17 and a 200-day moving average of $5.50. Ranpak Holdings Corp has a 52-week low of $3.22 and a 52-week high of $7.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.39 and a current ratio of 1.79. The firm has a market capitalization of $421.94 million, a price-to-earnings ratio of -11.18 and a beta of 3.14.

Ranpak (NYSE:PACK) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $105.20 million during the quarter, compared to analyst estimates of $100.94 million. Ranpak had a negative net margin of 9.09% and a negative return on equity of 7.18%. As a group, sell-side analysts expect that Ranpak Holdings Corp will post -0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PACK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ranpak in a report on Friday, July 17th. Wall Street Zen upgraded shares of Ranpak from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.00.

About Ranpak

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.