Farther Finance Advisors LLC Invests $28,000 in Ranpak Holdings Corp $PACK

Farther Finance Advisors LLC bought a new position in Ranpak Holdings Corp (NYSE:PACK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,708 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its position in 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 during the last quarter. Gamco Investors INC. ET AL bought a new stake in Ranpak during the 1st quarter worth approximately $59,000. Y Intercept Hong Kong Ltd bought a new stake in Ranpak during the 1st quarter worth approximately $128,000. EntryPoint Capital LLC bought a new stake in Ranpak during the 1st quarter worth approximately $229,000. Finally, Quantbot Technologies LP bought a new stake in Ranpak during the 1st quarter worth approximately $255,000. 85.94% of the stock is owned by institutional investors and hedge funds.

Ranpak Stock Up 1.6%

Shares of PACK opened at $5.79 on Thursday. The business’s fifty day moving average price is $4.83 and its two-hundred day moving average price is $4.18. 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 firm has a market capitalization of $488.44 million, a price-to-earnings ratio of -13.79 and a beta of 2.84. Ranpak Holdings Corp has a 52 week low of $2.91 and a 52 week high of $8.70.

Ranpak (NYSE:PACK) 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 company had revenue of $77.80 million during the quarter, compared to analyst estimates of $94.45 million. Ranpak had a negative net margin of 9.06% and a negative return on equity of 6.29%. Ranpak has set its FY 2025 guidance at EPS. On average, analysts predict that Ranpak Holdings Corp will post -0.2 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on PACK. Craig Hallum increased their price target on Ranpak from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Cantor Fitzgerald increased their price target on Ranpak from $6.00 to $6.50 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ranpak in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ranpak has a consensus rating of “Hold” and an average price target of $7.17.

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.