160,000 Shares in Ranpak Holdings Corp $PACK Bought by Resolute Capital Asset Partners LLC

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 purchased a new position in shares of Ranpak Holdings Corp (NYSE:PACK - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 160,000 shares of the company's stock, valued at approximately $867,000. Resolute Capital Asset Partners LLC owned approximately 0.19% of Ranpak at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position 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 acquiring an additional 5,300 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Ranpak in the fourth quarter valued at approximately $70,000. Susquehanna Fundamental Investments LLC acquired a new stake in Ranpak in the fourth quarter valued at approximately $71,000. ProShare Advisors LLC acquired a new stake in Ranpak in the fourth quarter valued at approximately $83,000. Finally, Graham Capital Management L.P. boosted its position in Ranpak by 42.1% in the fourth 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. Institutional investors and hedge funds own 85.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PACK. Craig Hallum raised their target price on shares of Ranpak from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Tuesday. Robert W. Baird cut their target price on shares of Ranpak from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Cantor Fitzgerald raised their target price on shares of Ranpak from $6.00 to $6.50 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $7.17.

Ranpak Trading Down 6.4%

Shares of NYSE:PACK traded down $0.35 during mid-day trading on Thursday, reaching $5.05. 563,011 shares of the company's stock were exchanged, compared to its average volume of 618,425. Ranpak Holdings Corp has a twelve month low of $2.91 and a twelve month high of $8.70. The business's fifty day moving average price is $3.93 and its 200-day moving average price is $4.48. The firm has a market capitalization of $425.60 million, a price-to-earnings ratio of -12.01 and a beta of 2.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.30 and a current ratio of 1.74.

Ranpak (NYSE:PACK - Get Free Report) last announced its 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). 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 the consensus estimate of $94.45 million. Ranpak has set its FY 2025 guidance at EPS. On average, research analysts predict that Ranpak Holdings Corp will post -0.2 EPS for the current fiscal 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.