1 day Ago By Defense World Staff
Teacher Retirement System of Texas purchased a new position in shares of Ranpak Holdings Corp. ( NYSE:PACK – Free Report ) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 40,714 shares of the company’s stock, valued at approximately $280,000.
Several other hedge funds also recently made changes to their positions in PACK. State Street Corp boosted its holdings in Ranpak by 15.2% during the third quarter.
State Street Corp now owns 1,133,277 shares of the company’s stock worth $7,400,000 after purchasing an additional 149,446 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ranpak by 4.2% during the 3rd quarter.
Geode Capital Management LLC now owns 990,835 shares of the company’s stock worth $6,471,000 after buying an additional 40,049 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Ranpak by 3.3% in the 4th quarter.
New York State Common Retirement Fund now owns 415,847 shares of the company’s stock valued at $2,861,000 after acquiring an additional 13,092 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Ranpak by 18.5% in the 4th quarter.
Empowered Funds LLC now owns 363,877 shares of the company’s stock valued at $2,503,000 after acquiring an additional 56,908 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Ranpak by 185.
5% in the third quarter. JPMorgan Chase & Co. now owns 363,815 shares of the company’s stock valued at $2,376,000 after acquiring an additional 236,398 shares during the last quarter.
85.94% of the stock is owned by institutional investors. Wall Street Analyst Weigh In Separately, Cantor Fitzgerald began coverage on Ranpak in a research note on Thursday, December 19th.
They issued an “overweight” rating and a $11.50 price target for the company. Ranpak Stock Performance Shares of PACK opened at $5.
21 on Wednesday. The company has a market cap of $435.19 million, a PE ratio of -21.
69 and a beta of 2.59. The firm has a 50-day moving average of $6.
61 and a 200-day moving average of $6.70. Ranpak Holdings Corp.
has a one year low of $5.17 and a one 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. Ranpak Company Profile ( Free Report ) 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. Read More Five stocks we like better than Ranpak How to Buy Gold Stock and Invest in Gold D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy How to Invest in Blue Chip Stocks Amazon Falls Back to a Key Support Line: Here’s How to Play It What is a SEC Filing? Buffett Trims Equities, But Still Keeps Buying This Stock Receive News & Ratings for Ranpak Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ranpak and related companies with MarketBeat.com's FREE daily email newsletter .
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