Hsbc Holdings PLC Has $386,000 Holdings in Ranpak Holdings Corp. (NYSE:PACK)


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Hsbc Holdings PLC boosted its position in Ranpak Holdings Corp. (NYSE:PACK) by 31.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,888 shares of the company’s stock after purchasing an additional 6,937 shares during the period. Hsbc Holdings PLC’s holdings in Ranpak were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in Ranpak by 240.3% in the 4th quarter. JPMorgan Chase & Co. now owns 112,462 shares of the company’s stock worth $1,512,000 after purchasing an additional 79,415 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Ranpak in the 4th quarter worth about $1,275,000. Cetera Advisor Networks LLC bought a new stake in Ranpak in the 4th quarter worth about $265,000. Punch & Associates Investment Management Inc. grew its position in Ranpak by 100.6% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 869,935 shares of the company’s stock worth $11,692,000 after purchasing an additional 436,325 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Ranpak by 118.3% in the 4th quarter. Captrust Financial Advisors now owns 16,165 shares of the company’s stock worth $217,000 after purchasing an additional 8,760 shares in the last quarter. 81.33% of the stock is owned by institutional investors and hedge funds.

Separately, TheStreet raised shares of Ranpak from a “d+” rating to a “c” rating in a research report on Tuesday, February 23rd.

Ranpak stock opened at $20.26 on Tuesday. Ranpak Holdings Corp. has a twelve month low of $6.63 and a twelve month high of $22.06. The firm has a 50 day moving average price of $19.98 and a 200-day moving average price of $15.38. The company has a market capitalization of $1.53 billion, a P/E ratio of -65.35 and a beta of 1.08. The company has a quick ratio of 1.67, a current ratio of 1.95 and a debt-to-equity ratio of 0.82.

Ranpak (NYSE:PACK) last released its earnings results on Wednesday, March 3rd. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.10). Ranpak had a negative net margin of 7.54% and a negative return on equity of 4.13%. The company had revenue of $91.90 million for the quarter.

Ranpak Company Profile

Ranpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company manufactures and assembles proprietary protective systems that convert kraft paper into a range of packaging and cushioning products to address its customers' needs.

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Institutional Ownership by Quarter for Ranpak (NYSE:PACK)

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