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

Several other institutional investors also recently added to or reduced their stakes in PACK. GAMMA Investing LLC increased 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 worth $31,000 after buying an additional 5,300 shares during the period. Two Sigma Securities LLC purchased a new position in Ranpak in the 4th quarter worth about $70,000. Susquehanna Fundamental Investments LLC purchased a new position in Ranpak during the 4th quarter valued at about $71,000. ProShare Advisors LLC purchased a new position in Ranpak during the 4th quarter valued at about $83,000. Finally, Graham Capital Management L.P. increased its position 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 period. Hedge funds and other institutional investors own 85.94% of the company's stock.

Wall Street Analysts Forecast Growth

PACK has been the topic of a number of research reports. 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. Craig Hallum reissued a "buy" rating on shares of Ranpak in a research report on Tuesday, August 5th. 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Ranpak presently has an average rating of "Moderate Buy" and an average price target of $5.75.

Ranpak Stock Down 0.9%

Shares of Ranpak stock traded down $0.0380 on Wednesday, reaching $4.4120. The stock had a trading volume of 407,761 shares, compared to its average volume of 551,055. The company has a 50 day moving average price of $3.78 and a 200 day moving average price of $4.58. The company has a quick ratio of 1.30, a current ratio of 1.74 and a debt-to-equity ratio of 0.74. Ranpak Holdings Corp has a 1 year low of $2.91 and a 1 year high of $8.70. The stock has a market capitalization of $372.20 million, a P/E ratio of -10.50 and a beta of 2.70.

Ranpak (NYSE:PACK - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.09) earnings per share (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 during the quarter, compared to analysts' expectations of $94.45 million. Ranpak has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Ranpak Holdings Corp will post -0.2 EPS 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.