UBS Group AG Purchases 212,442 Shares of Ranpak Holdings Corp $PACK

UBS Group AG grew its stake in Ranpak Holdings Corp (NYSE:PACK) by 40.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,332 shares of the company’s stock after acquiring an additional 212,442 shares during the period. UBS Group AG’s holdings in Ranpak were worth $3,957,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PACK. Schusterman Interests LLC grew its stake in Ranpak by 2,995.5% in the 3rd quarter. Schusterman Interests LLC now owns 3,018,616 shares of the company’s stock worth $16,965,000 after acquiring an additional 2,921,099 shares in the last quarter. Millennium Management LLC grew its stake in Ranpak by 8,737.4% in the 3rd quarter. Millennium Management LLC now owns 1,194,909 shares of the company’s stock worth $6,715,000 after acquiring an additional 1,181,388 shares in the last quarter. Bastion Asset Management Inc. bought a new position in Ranpak in the 3rd quarter worth about $3,201,000. Royce & Associates LP bought a new position in Ranpak in the 3rd quarter worth about $2,529,000. Finally, Portolan Capital Management LLC bought a new position in Ranpak in the 3rd quarter worth about $1,773,000. 85.94% of the stock is currently owned by institutional investors.

Ranpak Price Performance

Shares of PACK opened at $6.29 on Friday. The company has a 50 day moving average price of $4.42 and a 200-day moving average price of $4.98. Ranpak Holdings Corp has a fifty-two week low of $3.20 and a fifty-two week high of $6.67. The stock has a market capitalization of $537.62 million, a PE ratio of -14.28 and a beta of 3.06. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.32 and a current ratio of 1.73.

Ranpak (NYSE:PACK) last posted its earnings results on Thursday, April 30th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.01). Ranpak had a negative net margin of 9.28% and a negative return on equity of 7.04%. The firm had revenue of $101.20 million for the quarter, compared to analysts’ expectations of $91.59 million. Equities analysts predict that Ranpak Holdings Corp will post -0.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Ranpak from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Cantor Fitzgerald restated an “overweight” rating on shares of Ranpak in a research note on Friday, March 6th. Craig Hallum dropped their target price on shares of Ranpak from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, March 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Ranpak in a research note on Tuesday, April 21st. Finally, UBS Group reaffirmed an “overweight” rating on shares of Ranpak in a research report on Friday, March 6th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ranpak currently has an average rating of “Moderate Buy” and an average target price of $6.83.

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.