Roubaix Capital LLC Sells 176,249 Shares of Ranpak Holdings Corp. (NYSE:PACK)

Roubaix Capital LLC trimmed its holdings in shares of Ranpak Holdings Corp. (NYSE:PACK - Free Report) by 41.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,413 shares of the company's stock after selling 176,249 shares during the quarter. Roubaix Capital LLC owned 0.30% of Ranpak worth $1,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. M&T Bank Corp boosted its position in shares of Ranpak by 13.9% during the 4th quarter. M&T Bank Corp now owns 166,510 shares of the company's stock worth $970,000 after purchasing an additional 20,374 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Ranpak by 4.2% in the fourth quarter. Russell Investments Group Ltd. now owns 306,597 shares of the company's stock worth $1,784,000 after acquiring an additional 12,490 shares in the last quarter. SG Americas Securities LLC grew its stake in Ranpak by 38.2% in the fourth quarter. SG Americas Securities LLC now owns 27,079 shares of the company's stock valued at $158,000 after acquiring an additional 7,488 shares during the period. Kennedy Capital Management LLC increased its holdings in shares of Ranpak by 11.2% during the third quarter. Kennedy Capital Management LLC now owns 495,522 shares of the company's stock valued at $2,696,000 after acquiring an additional 49,915 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its position in shares of Ranpak by 10.0% during the third quarter. Westfield Capital Management Co. LP now owns 442,450 shares of the company's stock worth $2,407,000 after purchasing an additional 40,250 shares during the period. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Craig Hallum lifted their price target on Ranpak from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Monday, April 1st. Robert W. Baird upped their price target on Ranpak from $7.00 to $8.00 and gave the stock an "outperform" rating in a report on Friday, May 3rd.

Ranpak Stock Performance

Shares of PACK stock traded down $0.59 during trading on Friday, reaching $6.70. 305,518 shares of the company's stock traded hands, compared to its average volume of 440,266. Ranpak Holdings Corp. has a 1 year low of $2.63 and a 1 year high of $8.29. The company has a market capitalization of $553.55 million, a P/E ratio of -23.93 and a beta of 2.31. The company has a current ratio of 2.44, a quick ratio of 2.06 and a debt-to-equity ratio of 0.70. The firm's 50-day moving average is $7.02 and its 200 day moving average is $5.36.

Ranpak (NYSE:PACK - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The company had revenue of $85.30 million for the quarter, compared to analysts' expectations of $85.50 million. Ranpak had a negative return on equity of 3.97% and a negative net margin of 6.70%. Ranpak's revenue for the quarter was up 5.0% on a year-over-year basis.

Ranpak 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.

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