Nuveen LLC Takes $836,000 Position in Ranpak Holdings Corp $PACK

Nuveen LLC bought a new stake in shares of Ranpak Holdings Corp (NYSE:PACK - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 154,215 shares of the company's stock, valued at approximately $836,000. Nuveen LLC owned about 0.18% of Ranpak at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Ranpak by 1,601.2% during the first quarter. GAMMA Investing LLC now owns 5,631 shares of the company's stock worth $31,000 after acquiring an additional 5,300 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Ranpak during the 4th quarter valued at $71,000. ProShare Advisors LLC bought a new stake in shares of Ranpak during the 4th quarter valued at $83,000. Graham Capital Management L.P. boosted its holdings in shares of Ranpak by 42.1% during the 4th quarter. Graham Capital Management L.P. now owns 17,398 shares of the company's stock valued at $120,000 after buying an additional 5,155 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings 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 valued at $123,000 after buying an additional 3,623 shares in the last quarter. 85.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Ranpak from $6.00 to $6.50 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Craig Hallum upped their price target on shares of Ranpak from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Ranpak presently has a consensus rating of "Moderate Buy" and an average target price of $7.17.

Ranpak Stock Performance

PACK traded up $0.21 during midday trading on Friday, hitting $5.16. 1,022,632 shares of the company traded hands, compared to its average volume of 642,348. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $434.88 million, a PE ratio of -12.27 and a beta of 2.76. The company's 50-day moving average is $4.12 and its 200 day moving average is $4.38. Ranpak Holdings Corp has a 52 week low of $2.91 and a 52 week high of $8.70.

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

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.