Key Points
- Ranpak director Alicia Tranen sold 5,903 shares for about $18,713, reducing her holdings by 7.39% to 74,021 shares.
- The company reported a quarterly loss of $0.08 per share, missing analysts’ $0.02 loss estimate, while revenue of $101.9 million also fell short of forecasts.
- Craig Hallum downgraded Ranpak to Hold; analysts’ average rating is Hold with a $3.50 consensus price target.
Ranpak Holdings Corp (NYSE:PACK - Get Free Report) Director Alicia Tranen sold 5,903 shares of the company's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $3.17, for a total transaction of $18,712.51. Following the completion of the sale, the director directly owned 74,021 shares in the company, valued at approximately $234,646.57. The trade was a 7.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ranpak Price Performance
NYSE:PACK traded up $0.29 during mid-day trading on Friday, hitting $3.63. The company's stock had a trading volume of 763,028 shares, compared to its average volume of 727,940. The company has a market capitalization of $311.74 million, a price-to-earnings ratio of -9.09 and a beta of 3.11. The company has a current ratio of 1.79, a quick ratio of 1.39 and a debt-to-equity ratio of 0.78. Ranpak Holdings Corp has a fifty-two week low of $2.96 and a fifty-two week high of $7.81. The stock has a fifty day moving average of $3.88 and a 200-day moving average of $5.07.
Ranpak (NYSE:PACK - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.06). The company had revenue of $101.90 million for the quarter, compared to analyst estimates of $108.85 million. Ranpak had a negative net margin of 8.28% and a negative return on equity of 6.65%. As a group, equities analysts forecast that Ranpak Holdings Corp will post -0.35 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently commented on PACK. Craig Hallum downgraded Ranpak from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a research report on Friday, October 30th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ranpak in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $3.50.
Read Our Latest Stock Analysis on PACK
Institutional Trading of Ranpak
Several hedge funds have recently modified their holdings of PACK. JS Capital Management LLC bought a new position in shares of Ranpak in the second quarter valued at approximately $223,180,857. Dimensional Fund Advisors LP boosted its holdings in shares of Ranpak by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,045,306 shares of the company's stock worth $10,871,000 after acquiring an additional 102,942 shares in the last quarter. CenterBook Partners LP boosted its holdings in shares of Ranpak by 49.3% in the 3rd quarter. CenterBook Partners LP now owns 1,307,714 shares of the company's stock worth $5,427,000 after acquiring an additional 431,869 shares in the last quarter. Russell Investments Group Ltd. grew its position in Ranpak by 9.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 574,666 shares of the company's stock worth $2,385,000 after acquiring an additional 47,940 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Ranpak during the 2nd quarter worth approximately $1,045,000. Institutional investors and hedge funds own 85.94% of the company's stock.
About Ranpak
(
Get Free Report)
Ranpak Holdings Corp. (NYSE: PACK) develops and manufactures sustainable, paper-based packaging solutions designed to protect products during shipping and handling. Its offerings serve e-commerce, retail, industrial, food, and other applications where cushioning, void fill, wrapping, and product protection are required.
The company's product portfolio includes paper cushioning and void-fill materials, protective wrapping systems, and packaging automation equipment. Ranpak also provides dispensing systems and related packaging solutions that help customers streamline fulfillment operations while reducing reliance on plastic-based protective packaging.
Founded in 1972, Ranpak serves customers through a global network of manufacturing, distribution, and sales operations across North America, Europe, and other international markets.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
