Investors Purchase High Volume of Call Options on Ranpak (NYSE:PACK)

Ranpak Holdings Corp (NYSE:PACK) was the recipient of unusually large options trading on Tuesday. Investors acquired 3,333 call options on the company. Thisisanincreaseofapproximately955% compared to the typical daily volume of 316 call options.

Analyst Ratings Changes

PACK has been the topic of a number of recent analyst reports. Cantor Fitzgerald boosted 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. Craig Hallum reissued a “buy” rating on shares of Ranpak in a research report on Tuesday, August 5th. Finally, Robert W. Baird lowered their price target 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $5.75.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. G2 Investment Partners Management LLC raised its position in Ranpak by 21.5% during the second quarter. G2 Investment Partners Management LLC now owns 4,660,451 shares of the company’s stock valued at $16,638,000 after purchasing an additional 823,745 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in Ranpak by 3.4% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 3,125,019 shares of the company’s stock valued at $21,500,000 after purchasing an additional 102,804 shares in the last quarter. Petrus Trust Company LTA raised its position in Ranpak by 5.8% during the first quarter. Petrus Trust Company LTA now owns 2,643,439 shares of the company’s stock valued at $14,327,000 after purchasing an additional 146,010 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Ranpak by 8.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,569,282 shares of the company’s stock valued at $17,677,000 after purchasing an additional 198,973 shares in the last quarter. Finally, Coliseum Capital Management LLC acquired a new position in Ranpak during the first quarter valued at approximately $8,501,000. 85.94% of the stock is currently owned by institutional investors and hedge funds.

Ranpak Price Performance

Shares of PACK stock traded up $0.9730 during trading on Tuesday, hitting $5.8030. The company had a trading volume of 5,289,792 shares, compared to its average volume of 579,203. 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 $489.54 million, a P/E ratio of -13.98 and a beta of 2.70. The stock’s 50-day moving average price is $3.85 and its 200 day moving average price is $4.47. Ranpak has a one year low of $2.91 and a one year high of $8.70.

Ranpak (NYSE:PACK) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.13). The company had revenue of $77.80 million during the quarter, compared to the consensus estimate 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. Equities analysts expect that Ranpak will post -0.2 EPS for the current fiscal year.

Ranpak Company 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.