Deutsche Bank AG Has $1.04 Million Position in Ranpak Holdings Corp $PACK

Key Points

• Deutsche Bank AG significantly increased its stake in Ranpak Holdings Corp by 369.5% in Q1, owning a total of approximately 192,549 shares valued at $1,044,000.
• Ranpak's recent earnings report revealed a loss of ($0.09) per share, missing the consensus estimate, and the company's revenue was $77.80 million, below analyst expectations.
• Analyst ratings for Ranpak include a "buy" from Craig Hallum and a lifted price target from Cantor Fitzgerald to $6.50, while Robert W. Baird lowered their target to $5.00.

Deutsche Bank AG lifted its holdings in shares of Ranpak Holdings Corp (NYSE:PACK - Free Report) by 369.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,549 shares of the company's stock after purchasing an additional 151,534 shares during the quarter. Deutsche Bank AG owned approximately 0.23% of Ranpak worth $1,044,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in 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 last quarter. Two Sigma Securities LLC bought a new position in Ranpak during the 4th quarter valued at about $70,000. Susquehanna Fundamental Investments LLC bought a new position in Ranpak during the 4th quarter valued at about $71,000. ProShare Advisors LLC bought a new position in Ranpak during the 4th quarter valued at about $83,000. Finally, Graham Capital Management L.P. lifted its holdings in 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 purchasing an additional 5,155 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PACK has been the subject of several analyst reports. Craig Hallum lifted their price target on shares of Ranpak from $8.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday. Cantor Fitzgerald lifted their price target on shares of Ranpak from $6.00 to $6.50 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Finally, Robert W. Baird cut their price target on shares of Ranpak from $7.00 to $5.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.17.

Ranpak Price Performance

Shares of NYSE PACK traded up $0.13 during trading on Friday, reaching $5.29. The company had a trading volume of 899,927 shares, compared to its average volume of 1,268,961. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.30 and a current ratio of 1.74. The stock has a market cap of $446.52 million, a PE ratio of -12.60 and a beta of 2.70. The business's 50 day moving average price is $4.00 and its 200-day moving average price is $4.43. 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 posted its quarterly earnings results 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). The business had revenue of $77.80 million for the quarter, compared to the consensus estimate of $94.45 million. Ranpak had a negative return on equity of 6.29% and a negative net margin of 9.06%. Ranpak has set its FY 2025 guidance at EPS. Analysts expect that Ranpak Holdings Corp will post -0.2 earnings per share for the current year.

Ranpak 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.