ArrowMark Colorado Holdings LLC raised its stake in shares of Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,125,019 shares of the company's stock after buying an additional 102,804 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 3.75% of Ranpak worth $21,500,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of PACK. KLP Kapitalforvaltning AS purchased a new stake in Ranpak in the 4th quarter worth approximately $42,000. Two Sigma Securities LLC acquired a new stake in shares of Ranpak during the fourth quarter worth $70,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Ranpak in the fourth quarter valued at $71,000. SG Americas Securities LLC increased its stake in Ranpak by 16.9% in the fourth quarter. SG Americas Securities LLC now owns 19,059 shares of the company's stock valued at $131,000 after purchasing an additional 2,758 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Ranpak during the fourth quarter worth about $141,000. Hedge funds and other institutional investors own 85.94% of the company's stock.
Ranpak Trading Down 3.3 %
PACK traded down $0.15 during midday trading on Monday, hitting $4.28. The company's stock had a trading volume of 399,320 shares, compared to its average volume of 416,711. Ranpak Holdings Corp. has a 52-week low of $3.38 and a 52-week high of $9.04. The firm has a 50-day moving average price of $4.93 and a two-hundred day moving average price of $6.28. 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 firm has a market cap of $357.43 million, a P/E ratio of -17.81 and a beta of 2.79.
About Ranpak
(
Free Report)
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.
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