Pactiv Evergreen Inc (NASDAQ: PTVE) is 0.52% higher on its value in year-to-date trading and has touched a low of $8.83 and a high of $17.71 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PTVE stock was last observed hovering at around $17.54 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $17.56, the stock is 0.58% and 14.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 0.11% at the moment leaves the stock 34.94% off its SMA200. PTVE registered 27.34% gain for a year compared to 6-month gain of 37.08%. The firm has a 50-day simple moving average (SMA 50) of $15.3638 and a 200-day simple moving average (SMA200) of $13.01275.
The stock witnessed a 1.39% loss in the last 1 month and extending the period to 3 months gives it a 47.56%, and is 0.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.57% over the week and 0.63% over the month.
Pactiv Evergreen Inc (PTVE) has around 15000 employees, a market worth around $3.15B and $5.20B in sales. Fwd P/E is 13.67. Profit margin for the company is -3.21%. Distance from 52-week low is 98.87% and -0.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.48%).
The EPS is expected to grow by 5.77% this year.
Pactiv Evergreen Inc (PTVE) Top Institutional Holders
199.0 institutions hold shares in Pactiv Evergreen Inc (PTVE), with institutional investors hold 108.80% of the company’s shares. The shares outstanding are 179.29M, and float is at 38.36M with Short Float at 2.68%. Institutions hold 24.07% of the Float.
The top institutional shareholder in the company is RUBRIC CAPITAL MANAGEMENT LP with over 5.73 million shares valued at $64.82 million. The investor’s holdings represent 3.1921% of the PTVE Shares outstanding. As of 2024-06-30, the second largest holder is AMERICAN CENTURY COMPANIES INC with 3.91 million shares valued at $44.28 million to account for 2.1804 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.89 million shares representing 2.169% and valued at over $44.05 million, while BLACKROCK INC. holds 1.7055 of the shares totaling 3.06 million with a market value of $34.63 million.
Pactiv Evergreen Inc (PTVE) Insider Activity
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