Semanteon Capital Management LP Invests $230,000 in Ranpak Holdings Corp. (NYSE:PACK)

Semanteon Capital Management LP acquired a new position in shares of Ranpak Holdings Corp. (NYSE:PACK) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 35,202 shares of the company’s stock, valued at approximately $230,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Ranpak by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,333,187 shares of the company’s stock valued at $18,362,000 after acquiring an additional 25,073 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ranpak by 34.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,129,802 shares of the company’s stock valued at $13,694,000 after purchasing an additional 542,464 shares during the period. Meros Investment Management LP raised its stake in Ranpak by 32.6% during the 2nd quarter. Meros Investment Management LP now owns 943,729 shares of the company’s stock valued at $6,068,000 after purchasing an additional 231,779 shares during the period. Driehaus Capital Management LLC raised its stake in Ranpak by 2.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 804,454 shares of the company’s stock valued at $5,173,000 after purchasing an additional 21,574 shares during the period. Finally, Roubaix Capital LLC increased its stake in shares of Ranpak by 188.8% in the first quarter. Roubaix Capital LLC now owns 714,592 shares of the company’s stock worth $5,624,000 after acquiring an additional 467,179 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Baird R W downgraded shares of Ranpak from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 14th. Robert W. Baird cut shares of Ranpak from an “outperform” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Wednesday, August 14th.

Ranpak Stock Up 1.6 %

NYSE PACK opened at $5.89 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.07 and a current ratio of 2.52. The firm has a 50-day simple moving average of $6.41 and a 200 day simple moving average of $6.64. Ranpak Holdings Corp. has a twelve month low of $2.63 and a twelve month high of $9.04. The stock has a market cap of $490.17 million, a PE ratio of -32.72 and a beta of 2.36.

Ranpak (NYSE:PACK) last released its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.13. Ranpak had a negative net margin of 4.41% and a negative return on equity of 2.67%. The business had revenue of $86.40 million during the quarter, compared to analysts’ expectations of $87.67 million. During the same quarter last year, the company earned ($0.03) earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis.

About Ranpak

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.