1 week Ago By Defense World Staff
Corebridge Financial Inc. lowered its position in shares of Pactiv Evergreen Inc. ( NASDAQ:PTVE – Free Report ) by 7.
0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,123 shares of the company’s stock after selling 1,520 shares during the period. Corebridge Financial Inc.
’s holdings in Pactiv Evergreen were worth $352,000 at the end of the most recent reporting period. A number of other large investors have also added to or reduced their stakes in PTVE. AlphaQuest LLC boosted its holdings in shares of Pactiv Evergreen by 10,155.
9% during the fourth quarter. AlphaQuest LLC now owns 3,487 shares of the company’s stock worth $61,000 after purchasing an additional 3,453 shares during the period. Blue Trust Inc.
raised its position in Pactiv Evergreen by 1,590.7% during the 4th quarter. Blue Trust Inc.
now owns 7,963 shares of the company’s stock valued at $139,000 after purchasing an additional 7,492 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Pactiv Evergreen in the 4th quarter worth approximately $180,000. Verition Fund Management LLC bought a new stake in shares of Pactiv Evergreen in the 3rd quarter worth approximately $215,000.
Finally, SG Americas Securities LLC purchased a new position in shares of Pactiv Evergreen during the fourth quarter valued at approximately $270,000. Institutional investors own 22.23% of the company’s stock.
Analysts Set New Price Targets Several analysts recently weighed in on PTVE shares. Jefferies Financial Group reiterated a “hold” rating and issued a $18.00 price target (up previously from $15.
00) on shares of Pactiv Evergreen in a report on Wednesday, December 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $18.00 target price (up previously from $14.
00) on shares of Pactiv Evergreen in a research note on Thursday, December 19th. Finally, UBS Group downgraded shares of Pactiv Evergreen from a “buy” rating to a “neutral” rating and increased their price target for the stock from $16.00 to $18.
00 in a research note on Friday, January 10th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Pactiv Evergreen has a consensus rating of “Hold” and an average target price of $16.80.
Pactiv Evergreen Price Performance PTVE stock opened at $18.01 on Thursday. The business’s 50-day moving average price is $17.
88 and its 200-day moving average price is $15.66. The stock has a market cap of $3.
25 billion, a P/E ratio of -19.58, a PEG ratio of 1.47 and a beta of 1.
24. The company has a quick ratio of 1.04, a current ratio of 1.
93 and a debt-to-equity ratio of 3.26. Pactiv Evergreen Inc.
has a twelve month low of $8.83 and a twelve month high of $18.03.
Pactiv Evergreen Profile ( Free Report ) Pactiv Evergreen Inc manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in the United States, rest of North America, and internationally. It operates in two segments, Foodservice, and Food and Beverage Merchandising. The Foodservice segment offers food containers; drinkware, such as hot and cold cups and lids; and tableware, service ware, and other products.
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