Quantbot Technologies LP Purchases Shares of 47,005 Ranpak Holdings Corp $PACK

Key Points

• Quantbot Technologies LP made a new investment of approximately $255,000 in Ranpak Holdings Corp by purchasing 47,005 shares during the first quarter.
• Analysts have mixed opinions on Ranpak's stock, with Robert W. Baird lowering the price target from $7.00 to $5.00, while Craig Hallum raised theirs from $8.00 to $10.00, indicating a "buy" rating.
• Ranpak reported a net loss of ($0.09) per share for the last quarter, missing analysts' expectations, with revenues of $77.8 million falling short of projections of $94.45 million.

Quantbot Technologies LP bought a new stake in Ranpak Holdings Corp (NYSE:PACK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 47,005 shares of the company's stock, valued at approximately $255,000. Quantbot Technologies LP owned 0.06% of Ranpak as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Ranpak by 1,601.2% in the 1st quarter. GAMMA Investing LLC now owns 5,631 shares of the company's stock valued at $31,000 after buying an additional 5,300 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Ranpak during the fourth quarter worth $70,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Ranpak during the fourth quarter worth $71,000. ProShare Advisors LLC acquired a new stake in shares of Ranpak during the fourth quarter worth $83,000. Finally, Graham Capital Management L.P. grew its stake in shares of Ranpak by 42.1% during the fourth quarter. Graham Capital Management L.P. now owns 17,398 shares of the company's stock worth $120,000 after purchasing an additional 5,155 shares during the period. 85.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PACK. Robert W. Baird decreased their price objective on Ranpak from $7.00 to $5.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Craig Hallum lifted their target price on Ranpak from $8.00 to $10.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Finally, Cantor Fitzgerald lifted their target price on Ranpak from $6.00 to $6.50 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Ranpak presently has a consensus rating of "Moderate Buy" and an average target price of $7.17.

Ranpak Stock Up 2.6%

Shares of PACK traded up $0.13 during midday trading on Monday, hitting $5.29. The stock had a trading volume of 899,927 shares, compared to its average volume of 1,278,005. The company has a 50 day simple moving average of $4.00 and a two-hundred day simple moving average of $4.41. Ranpak Holdings Corp has a twelve month low of $2.91 and a twelve month high of $8.70. The firm has a market cap of $446.53 million, a price-to-earnings ratio of -12.60 and a beta of 2.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.74 and a quick ratio of 1.30.

Ranpak (NYSE:PACK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share (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 firm had revenue of $77.80 million during the quarter, compared to analyst estimates 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 EPS for the current year.

Ranpak Company Profile

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.