Pactiv Evergreen Inc. (NASDAQ:PTVE) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC boosted its stake in Pactiv Evergreen Inc. (NASDAQ:PTVE) by 45.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,048 shares of the company’s stock after buying an additional 6,580 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Pactiv Evergreen were worth $368,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in shares of Pactiv Evergreen in the third quarter worth approximately $132,000. Blue Trust Inc. lifted its holdings in Pactiv Evergreen by 1,590.7% in 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 in the last quarter. Paloma Partners Management Co acquired a new stake in Pactiv Evergreen during the 3rd quarter worth $178,000. Verition Fund Management LLC purchased a new stake in shares of Pactiv Evergreen during the third quarter worth $215,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Pactiv Evergreen in the fourth quarter valued at about $270,000. 22.23% of the stock is currently owned by hedge funds and other institutional investors.

Pactiv Evergreen Stock Down 0.1 %

PTVE stock opened at $17.85 on Tuesday. Pactiv Evergreen Inc. has a one year low of $8.83 and a one year high of $17.88. The firm has a market cap of $3.22 billion, a PE ratio of -19.40, a PEG ratio of 1.47 and a beta of 1.24. The firm’s 50 day moving average price is $17.67 and its 200-day moving average price is $14.38. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.04 and a current ratio of 1.93.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PTVE. Citigroup restated a “neutral” rating and set a $18.00 price target (up from $13.00) on shares of Pactiv Evergreen in a research report on Tuesday, December 10th. Jefferies Financial Group restated a “hold” rating and set a $18.00 target price (up from $15.00) on shares of Pactiv Evergreen in a report on Wednesday, December 18th. UBS Group cut Pactiv Evergreen from a “buy” rating to a “neutral” rating and increased their price target for the company from $16.00 to $18.00 in a report on Friday, January 10th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $18.00 price objective (up previously from $14.00) on shares of Pactiv Evergreen in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.33.

About Pactiv Evergreen

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.