JPMorgan Chase & Co. Purchases 82,904 Shares of Ranpak Holdings Corp. (NYSE:PACK)

JPMorgan Chase & Co. lifted its position in Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 446,719 shares of the company's stock after buying an additional 82,904 shares during the quarter. JPMorgan Chase & Co. owned about 0.54% of Ranpak worth $3,073,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PACK. KLP Kapitalforvaltning AS acquired a new position in Ranpak during the 4th quarter worth $42,000. SG Americas Securities LLC lifted its position in shares of Ranpak by 16.9% during the 4th quarter. SG Americas Securities LLC now owns 19,059 shares of the company's stock worth $131,000 after purchasing an additional 2,758 shares during the last quarter. Franklin Resources Inc. boosted its stake in Ranpak by 15.6% during the 3rd quarter. Franklin Resources Inc. now owns 28,900 shares of the company's stock valued at $183,000 after purchasing an additional 3,909 shares during the period. PNC Financial Services Group Inc. grew its holdings in Ranpak by 13.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 40,510 shares of the company's stock valued at $279,000 after buying an additional 4,953 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Ranpak in the 4th quarter worth approximately $280,000. 85.94% of the stock is owned by institutional investors.

Ranpak Stock Performance

Shares of PACK traded up $0.02 during mid-day trading on Friday, hitting $4.15. The company's stock had a trading volume of 504,082 shares, compared to its average volume of 422,254. The stock's 50-day moving average is $5.27 and its two-hundred day moving average is $6.36. The firm has a market capitalization of $346.56 million, a PE ratio of -17.27 and a beta of 2.70. 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 one year low of $3.38 and a one year high of $9.04.

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.