UBS Group AG Increases Stock Position in Ranpak Holdings Corp $PACK

UBS Group AG boosted its stake in Ranpak Holdings Corp (NYSE:PACK) by 40.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 731,332 shares of the company’s stock after purchasing an additional 212,442 shares during the quarter. UBS Group AG owned about 0.87% of Ranpak worth $3,957,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Royce & Associates LP purchased a new stake in Ranpak in the 3rd quarter worth $2,529,000. Bastion Asset Management Inc. purchased a new stake in Ranpak in the 3rd quarter worth $3,201,000. Divisadero Street Capital Management LP lifted its stake in Ranpak by 150.0% in the 3rd quarter. Divisadero Street Capital Management LP now owns 250,001 shares of the company’s stock worth $1,405,000 after purchasing an additional 150,000 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in Ranpak in the 3rd quarter worth $1,027,000. Finally, Ballast Inc. purchased a new stake in Ranpak in the 3rd quarter worth $56,000. Hedge funds and other institutional investors own 85.94% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PACK. Craig Hallum reduced their target price on shares of Ranpak from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, March 6th. UBS Group restated an “overweight” rating on shares of Ranpak in a report on Friday, March 6th. Cantor Fitzgerald restated an “overweight” rating on shares of Ranpak in a report on Friday, March 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Ranpak in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Ranpak from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.83.

Ranpak Stock Performance

Shares of NYSE:PACK opened at $6.29 on Friday. The company has a market capitalization of $537.62 million, a price-to-earnings ratio of -14.28 and a beta of 3.06. Ranpak Holdings Corp has a 12 month low of $3.20 and a 12 month high of $6.67. The firm’s 50-day moving average is $4.42 and its 200 day moving average is $4.98. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.76.

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

Ranpak Company 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.