JS Capital Management LLC Makes New $223.18 Billion Investment in Ranpak Holdings Corp $PACK

JS Capital Management LLC acquired a new position in Ranpak Holdings Corp (NYSE:PACK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,530,897 shares of the company’s stock, valued at approximately $223,180,857,000. Ranpak accounts for approximately 100.0% of JS Capital Management LLC’s investment portfolio, making the stock its biggest position. JS Capital Management LLC owned approximately 0.36% of Ranpak at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PACK. Rhumbline Advisers boosted its stake in Ranpak by 2.9% in the third quarter. Rhumbline Advisers now owns 70,261 shares of the company’s stock valued at $395,000 after acquiring an additional 2,008 shares during the period. Bank of America Corp DE increased its position in Ranpak by 7.4% in the third quarter. Bank of America Corp DE now owns 35,583 shares of the company’s stock worth $200,000 after buying an additional 2,452 shares during the period. Deutsche Bank AG lifted its stake in Ranpak by 8.0% in the fourth quarter. Deutsche Bank AG now owns 35,834 shares of the company’s stock valued at $194,000 after buying an additional 2,647 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Ranpak by 27.9% during the second quarter. Gamco Investors INC. ET AL now owns 14,000 shares of the company’s stock valued at $50,000 after acquiring an additional 3,050 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Ranpak by 20.7% during the second quarter. The Manufacturers Life Insurance Company now owns 19,647 shares of the company’s stock valued at $70,000 after acquiring an additional 3,364 shares during the period. Institutional investors own 85.94% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on PACK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ranpak in a report on Friday, July 17th. Wall Street Zen raised shares of Ranpak from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Ranpak Stock Up 0.9%

PACK stock opened at $5.08 on Wednesday. The firm has a market cap of $435.23 million, a PE ratio of -11.53 and a beta of 3.14. Ranpak Holdings Corp has a 12 month low of $3.22 and a 12 month high of $7.81. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.39. The firm has a 50 day simple moving average of $6.26 and a 200 day simple moving average of $5.51.

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

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.