Coliseum Capital Management LLC Makes New Investment in Ranpak Holdings Corp $PACK

Key Points

• Coliseum Capital Management LLC acquired a new stake in Ranpak Holdings Corp, purchasing 1,568,359 shares valued at approximately $8.5 million, making it the fund's 16th largest holding.
• Ranpak Holdings has seen significant investment activity from other firms, with institutions owning 85.94% of its stock, indicating strong interest from the investment community.
• Analysts offer mixed ratings for Ranpak, with a current average rating of "Moderate Buy" and an average target price of $7.17, reflecting diverse perspectives on the company's performance potential.

Coliseum Capital Management LLC bought a new stake in Ranpak Holdings Corp (NYSE:PACK - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,568,359 shares of the company's stock, valued at approximately $8,501,000. Ranpak accounts for approximately 0.7% of Coliseum Capital Management LLC's portfolio, making the stock its 16th biggest holding. Coliseum Capital Management LLC owned 1.88% of Ranpak as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC acquired a new stake in Ranpak in the fourth quarter valued at $83,000. GAMMA Investing LLC raised its stake in shares of Ranpak by 1,601.2% during the 1st quarter. GAMMA Investing LLC now owns 5,631 shares of the company's stock worth $31,000 after buying an additional 5,300 shares during the last quarter. Millennium Management LLC raised its stake in shares of Ranpak by 58.6% during the 4th quarter. Millennium Management LLC now owns 185,203 shares of the company's stock worth $1,274,000 after buying an additional 68,451 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Ranpak by 29.7% during the 4th quarter. Bank of America Corp DE now owns 50,248 shares of the company's stock worth $346,000 after buying an additional 11,507 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Ranpak by 25.4% during the 4th quarter. BNP Paribas Financial Markets now owns 17,881 shares of the company's stock worth $123,000 after buying an additional 3,623 shares during the last quarter. Institutional investors and hedge funds own 85.94% of the company's stock.

Ranpak Trading Down 3.8%

Ranpak stock traded down $0.19 during midday trading on Tuesday, reaching $4.75. The stock had a trading volume of 212,030 shares, compared to its average volume of 639,386. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 0.74. Ranpak Holdings Corp has a 52-week low of $2.91 and a 52-week high of $8.70. The firm has a market cap of $400.29 million, a price-to-earnings ratio of -11.30 and a beta of 2.76. The company has a fifty day moving average of $4.18 and a 200 day moving average of $4.31.

Ranpak (NYSE:PACK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). Ranpak had a negative return on equity of 6.29% and a negative net margin of 9.06%.The firm had revenue of $77.80 million during the quarter, compared to analysts' expectations of $94.45 million. Ranpak has set its FY 2025 guidance at EPS. On average, analysts anticipate that Ranpak Holdings Corp will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PACK has been the subject of several research reports. Cantor Fitzgerald lifted their price target on Ranpak from $6.00 to $6.50 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Craig Hallum lifted their price target on Ranpak from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $7.17.

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.