Resolute Capital Asset Partners LLC Buys Shares of 160,000 Ranpak Holdings Corp $PACK

Key Points

• Resolute Capital Asset Partners LLC acquired 160,000 shares of Ranpak Holdings Corp for approximately $867,000 during the first quarter, bringing its ownership to 0.19% of the company.
• Despite recent investments from various institutional investors, Ranpak reported a negative EPS of ($0.09), missing analysts' estimates and indicating challenges in revenue performance.
• Ranpak's stock has a current market cap of $378.19 million and is currently rated as a "Moderate Buy" by analysts, with an average target price of $5.75.

Resolute Capital Asset Partners LLC bought a new stake in Ranpak Holdings Corp (NYSE:PACK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 160,000 shares of the company's stock, valued at approximately $867,000. Resolute Capital Asset Partners LLC owned 0.19% of Ranpak as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Ranpak by 8.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,419 shares of the company's stock valued at $230,000 after purchasing an additional 2,513 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of Ranpak by 3.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 92,845 shares of the company's stock worth $503,000 after acquiring an additional 3,100 shares during the period. BNP Paribas Financial Markets increased its position in shares of Ranpak by 25.4% during the fourth quarter. BNP Paribas Financial Markets now owns 17,881 shares of the company's stock worth $123,000 after acquiring an additional 3,623 shares during the period. Bank of New York Mellon Corp increased its position in shares of Ranpak by 3.1% during the first quarter. Bank of New York Mellon Corp now owns 124,315 shares of the company's stock worth $674,000 after acquiring an additional 3,731 shares during the period. Finally, Graham Capital Management L.P. increased its position 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 acquiring an additional 5,155 shares during the period. Hedge funds and other institutional investors own 85.94% of the company's stock.

Ranpak Stock Performance

Shares of PACK stock opened at $4.4830 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.30 and a debt-to-equity ratio of 0.74. The firm has a fifty day moving average price of $3.83 and a 200 day moving average price of $4.53. The company has a market cap of $378.19 million, a P/E ratio of -10.67 and a beta of 2.70. Ranpak Holdings Corp has a 12 month low of $2.91 and a 12 month high of $8.70.

Ranpak (NYSE:PACK - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported ($0.09) EPS 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 for the quarter, compared to analyst estimates of $94.45 million. Ranpak has set its FY 2025 guidance at EPS. Sell-side analysts predict that Ranpak Holdings Corp will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PACK has been the topic of a number of recent research reports. Craig Hallum reaffirmed a "buy" rating on shares of Ranpak in a research report on Tuesday, August 5th. Cantor Fitzgerald upped their price objective on Ranpak from $6.00 to $6.50 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Finally, Robert W. Baird cut their price objective on Ranpak from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.75.

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.

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