Ranpak Holdings Corp $PACK Shares Acquired by Roubaix Capital LLC

Key Points

• Roubaix Capital LLC increased its stake in Ranpak Holdings Corp by 20.8%, owning nearly 1.19% of the company after acquiring an additional 171,093 shares.
• Ranpak reported a quarterly earnings loss of ($0.09) EPS, missing expectations by ($0.13), with revenue falling short at $77.80 million against the anticipated $94.45 million.
• Several institutional investors have also recently increased their holdings in Ranpak, which has a current institutional ownership of 85.94%.

Roubaix Capital LLC grew its position in Ranpak Holdings Corp (NYSE:PACK - Free Report) by 20.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 995,098 shares of the company's stock after buying an additional 171,093 shares during the quarter. Ranpak accounts for about 2.8% of Roubaix Capital LLC's portfolio, making the stock its 9th largest holding. Roubaix Capital LLC owned about 1.19% of Ranpak worth $5,393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its position 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 in the last quarter. Two Sigma Securities LLC acquired a new position in shares of Ranpak in the 4th quarter valued at approximately $70,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Ranpak in the 4th quarter valued at approximately $71,000. ProShare Advisors LLC acquired a new stake in shares of Ranpak in the 4th quarter valued at approximately $83,000. Finally, Graham Capital Management L.P. boosted its stake in shares of Ranpak by 42.1% in 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 in the last quarter. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PACK. Cantor Fitzgerald raised their price target on shares of Ranpak from $6.00 to $6.50 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Craig Hallum restated a "buy" rating on shares of Ranpak in a research note on Tuesday, August 5th. Finally, Robert W. Baird reduced their price target on shares of Ranpak from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $5.75.

Ranpak Trading Up 4.1%

Shares of Ranpak stock traded up $0.1750 during midday trading on Friday, reaching $4.4850. The company had a trading volume of 277,139 shares, compared to its average volume of 547,127. The stock has a fifty day moving average price of $3.81 and a 200 day moving average price of $4.56. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.74 and a quick ratio of 1.30. The firm has a market cap of $378.35 million, a PE ratio of -10.68 and a beta of 2.70. Ranpak Holdings Corp has a fifty-two week low of $2.91 and a fifty-two week high of $8.70.

Ranpak (NYSE:PACK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.13). The company had revenue of $77.80 million during the quarter, compared to analyst estimates 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. On average, equities analysts anticipate that Ranpak Holdings Corp will post -0.2 earnings per share 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.