SG Americas Securities LLC Has $131,000 Position in Ranpak Holdings Corp. (NYSE:PACK)

SG Americas Securities LLC grew its position in Ranpak Holdings Corp. (NYSE:PACK) by 16.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,059 shares of the company’s stock after purchasing an additional 2,758 shares during the quarter. SG Americas Securities LLC’s holdings in Ranpak were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PACK. Quarry LP acquired a new position in shares of Ranpak in the 3rd quarter valued at approximately $39,000. Quantbot Technologies LP acquired a new position in shares of Ranpak in the 3rd quarter valued at approximately $42,000. Glenmede Trust Co. NA acquired a new position in shares of Ranpak in the 3rd quarter valued at approximately $67,000. Paloma Partners Management Co acquired a new position in shares of Ranpak in the 3rd quarter valued at approximately $68,000. Finally, BNP Paribas Financial Markets raised its position in shares of Ranpak by 27.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,258 shares of the company’s stock valued at $93,000 after buying an additional 3,087 shares in the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Ranpak Price Performance

PACK stock opened at $7.66 on Wednesday. The company has a 50 day simple moving average of $7.08 and a 200 day simple moving average of $6.86. The stock has a market cap of $637.36 million, a price-to-earnings ratio of -31.90 and a beta of 2.40. Ranpak Holdings Corp. has a 1 year low of $4.29 and a 1 year high of $9.04. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.36 and a quick ratio of 2.01.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Ranpak in a research report on Thursday, December 19th. They set an “overweight” rating and a $11.50 price objective for the company. Robert W. Baird lowered their price objective on shares of Ranpak from $10.00 to $7.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

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.