Ranpak Holdings Corp. (NYSE:PACK) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its position in shares of Ranpak Holdings Corp. (NYSE:PACK) by 18.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 363,877 shares of the company’s stock after acquiring an additional 56,908 shares during the period. Empowered Funds LLC owned 0.44% of Ranpak worth $2,503,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. SG Americas Securities LLC grew its position in shares of Ranpak by 16.9% during the fourth quarter. SG Americas Securities LLC now owns 19,059 shares of the company’s stock worth $131,000 after acquiring an additional 2,758 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Ranpak by 185.5% during the third quarter. JPMorgan Chase & Co. now owns 363,815 shares of the company’s stock worth $2,376,000 after acquiring an additional 236,398 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Ranpak by 15.6% during the third quarter. Franklin Resources Inc. now owns 28,900 shares of the company’s stock worth $183,000 after acquiring an additional 3,909 shares during the last quarter. Barclays PLC grew its position in shares of Ranpak by 367.0% during the third quarter. Barclays PLC now owns 73,116 shares of the company’s stock worth $478,000 after acquiring an additional 57,461 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Ranpak by 4.2% during the third quarter. Geode Capital Management LLC now owns 990,835 shares of the company’s stock worth $6,471,000 after acquiring an additional 40,049 shares during the last quarter. Institutional investors own 85.94% of the company’s stock.

Ranpak Stock Performance

NYSE:PACK opened at $7.57 on Friday. Ranpak Holdings Corp. has a twelve month low of $4.30 and a twelve month high of $9.04. The company has a current ratio of 2.36, a quick ratio of 2.01 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $7.07 and a 200-day moving average of $6.87. The firm has a market cap of $629.86 million, a price-to-earnings ratio of -31.52 and a beta of 2.40.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PACK. Robert W. Baird decreased their target price on shares of Ranpak from $10.00 to $7.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Cantor Fitzgerald began coverage on shares of Ranpak in a research report on Thursday, December 19th. They set an “overweight” rating and a $11.50 price objective 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.