JS Capital Management LLC Buys New Stake in Ranpak Holdings Corp $PACK

JS Capital Management LLC bought a new stake in shares of Ranpak Holdings Corp (NYSE:PACK) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 30,530,897 shares of the company’s stock, valued at approximately $223,180,857,000. Ranpak comprises about 100.0% of JS Capital Management LLC’s holdings, making the stock its biggest position. JS Capital Management LLC owned about 35.60% of Ranpak at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. UBS Group AG lifted its position in shares of Ranpak by 40.9% in the fourth quarter. UBS Group AG now owns 731,332 shares of the company’s stock valued at $3,957,000 after acquiring an additional 212,442 shares in the last quarter. Simcoe Capital LLC purchased a new stake in Ranpak during the 4th quarter worth about $2,913,000. Royce & Associates LP raised its stake in Ranpak by 185.6% in the 4th quarter. Royce & Associates LP now owns 1,285,000 shares of the company’s stock valued at $6,952,000 after purchasing an additional 835,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ranpak by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,045,306 shares of the company’s stock valued at $10,871,000 after purchasing an additional 102,942 shares during the last quarter. Finally, CenterBook Partners LP acquired a new position in Ranpak in the 4th quarter valued at about $4,309,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Analysts Set New Price Targets

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

Ranpak Stock Performance

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

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

Ranpak Company 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.