CCM Investment Group LLC bought a new position in Amcor PLC (NYSE:AMCR - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 118,186 shares of the company's stock, valued at approximately $1,139,000.
Other hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. lifted its holdings in shares of Amcor by 18,725.0% in the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after purchasing an additional 2,996 shares during the last quarter. HM Payson & Co. acquired a new position in Amcor during the 1st quarter worth $30,000. Brentview Investment Management LLC bought a new position in shares of Amcor in the first quarter worth $31,000. CVA Family Office LLC grew its stake in shares of Amcor by 234.1% in the first quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock worth $32,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock worth $35,000 after purchasing an additional 3,551 shares in the last quarter. Institutional investors own 45.14% of the company's stock.
Amcor Price Performance
Shares of AMCR traded down $0.02 during midday trading on Friday, reaching $8.75. The stock had a trading volume of 32,799,747 shares, compared to its average volume of 29,101,055. Amcor PLC has a 52 week low of $8.37 and a 52 week high of $11.48. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.70 and a quick ratio of 1.16. The firm's 50 day moving average price is $9.43 and its 200-day moving average price is $9.52. The company has a market capitalization of $12.64 billion, a P/E ratio of 15.62, a P/E/G ratio of 1.27 and a beta of 0.74.
Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Amcor had a return on equity of 26.49% and a net margin of 5.99%. The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the prior year, the firm posted $0.21 EPS. The firm's quarterly revenue was up 43.8% on a year-over-year basis. On average, analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
AMCR has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Amcor in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price target for the company. Wells Fargo & Company increased their price target on Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Truist Financial set a $11.00 price target on Amcor and gave the stock a "buy" rating in a research note on Friday, July 11th. UBS Group raised Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Finally, Raymond James Financial initiated coverage on Amcor in a research note on Tuesday, April 22nd. They issued a "market perform" rating for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Amcor has a consensus rating of "Moderate Buy" and an average price target of $11.42.
Read Our Latest Research Report on AMCR
About Amcor
(
Free Report)
Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.
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