ArrowMark Colorado Holdings LLC Has $21.50 Million Stock Holdings in Ranpak Holdings Corp. (NYSE:PACK)

ArrowMark Colorado Holdings LLC increased its position in Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,125,019 shares of the company's stock after purchasing an additional 102,804 shares during the period. ArrowMark Colorado Holdings LLC owned 3.75% of Ranpak worth $21,500,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Ranpak by 8.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,419 shares of the company's stock valued at $230,000 after purchasing an additional 2,513 shares in the last quarter. SG Americas Securities LLC grew its holdings 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 buying an additional 2,758 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Ranpak by 15.6% during the 3rd quarter. Franklin Resources Inc. now owns 28,900 shares of the company's stock worth $183,000 after purchasing an additional 3,909 shares during the period. PNC Financial Services Group Inc. boosted its stake in Ranpak by 13.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 40,510 shares of the company's stock worth $279,000 after buying an additional 4,953 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Ranpak by 1.6% in the fourth quarter. Russell Investments Group Ltd. now owns 343,977 shares of the company's stock valued at $2,367,000 after purchasing an additional 5,283 shares during the period. 85.94% of the stock is owned by hedge funds and other institutional investors.

Ranpak Trading Up 7.5 %

Shares of NYSE:PACK traded up $0.23 during midday trading on Thursday, reaching $3.28. The company had a trading volume of 402,150 shares, compared to its average volume of 430,851. The company has a fifty day simple moving average of $4.78 and a two-hundred day simple moving average of $6.24. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.01 and a current ratio of 2.36. Ranpak Holdings Corp. has a 1-year low of $2.91 and a 1-year high of $9.04. The firm has a market cap of $274.24 million, a price-to-earnings ratio of -13.67 and a beta of 2.79.

Ranpak (NYSE:PACK - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.09). Ranpak had a negative return on equity of 3.54% and a negative net margin of 5.64%. The company had revenue of $91.20 million during the quarter, compared to analysts' expectations of $90.56 million. During the same quarter in the previous year, the company earned ($0.10) EPS. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. Research analysts predict that Ranpak Holdings Corp. will post -0.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of Ranpak from $7.00 to $5.00 and set a "neutral" rating for the company in a research report on Wednesday. Cantor Fitzgerald lowered their price objective on shares of Ranpak from $11.50 to $6.00 and set an "overweight" rating for the company in a research report on Wednesday.

Ranpak Company 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.