Ranpak Holdings Corp. (PACK) reported second-quarter 2026 net revenue of $105.2 million, up 14.0% from $92.3 million a year earlier. The company posted a net loss of $7.9 million, compared with a net loss of $7.5 million in the prior-year period.
Adjusted EBITDA was $19.1 million, up 15.8% year over year. Ranpak said Protective Packaging Solutions system placement declined 2.3% year over year to about 141.7 thousand machines as of June 30, 2026.
- Net product revenue was $86.4 million, and machine lease revenue was $18.8 million.
- Basic and diluted loss per share was $0.09.
- Automation net revenue increased to $16.6 million from $7.1 million in the year-earlier quarter.
- Cash and cash equivalents were $43.2 million at June 30, 2026.
- The company reported no borrowings on its $50.0 million revolving credit facility.
$PACK Hedge Fund Activity
We have seen 57 institutional investors add shares of $PACK stock to their portfolio, and 46 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CENTERBOOK PARTNERS LP added 1,011,428 shares (+127.0%) to their portfolio in Q1 2026, for an estimated $3,610,797
- KENNEDY CAPITAL MANAGEMENT LLC added 729,196 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,603,229
- SAMJO MANAGEMENT, LLC added 676,975 shares (+103.5%) to their portfolio in Q1 2026, for an estimated $2,416,800
- G2 INVESTMENT PARTNERS MANAGEMENT LLC removed 518,586 shares (-15.5%) from their portfolio in Q1 2026, for an estimated $1,851,352
- FIRST EAGLE INVESTMENT MANAGEMENT, LLC added 398,829 shares (+102.3%) to their portfolio in Q1 2026, for an estimated $1,423,819
- BASTION ASSET MANAGEMENT INC. removed 313,432 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $1,118,952
- ALGERT GLOBAL LLC added 305,484 shares (+877.3%) to their portfolio in Q1 2026, for an estimated $1,090,577
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
