Bank of America Corp DE Has $836,000 Holdings in Pactiv Evergreen Inc. (NASDAQ:PTVE)

Bank of America Corp DE trimmed its holdings in Pactiv Evergreen Inc. (NASDAQ:PTVE) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,846 shares of the company’s stock after selling 3,876 shares during the period. Bank of America Corp DE’s holdings in Pactiv Evergreen were worth $836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Magnetar Financial LLC bought a new position in Pactiv Evergreen during the fourth quarter worth $53,645,000. TIG Advisors LLC bought a new stake in shares of Pactiv Evergreen during the 4th quarter worth about $44,120,000. Westchester Capital Management LLC acquired a new position in Pactiv Evergreen in the 4th quarter valued at about $30,149,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Pactiv Evergreen in the fourth quarter valued at approximately $22,476,000. Finally, Hsbc Holdings PLC increased its stake in shares of Pactiv Evergreen by 7,831.6% during the fourth quarter. Hsbc Holdings PLC now owns 1,079,488 shares of the company’s stock worth $18,918,000 after purchasing an additional 1,065,878 shares during the period. 22.23% of the stock is currently owned by institutional investors.

Pactiv Evergreen Stock Performance

PTVE opened at $18.01 on Monday. The business has a fifty day simple moving average of $18.01 and a 200 day simple moving average of $17.51. The company has a market capitalization of $3.25 billion, a PE ratio of -19.58, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. Pactiv Evergreen Inc. has a 1 year low of $8.83 and a 1 year high of $18.03. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.93 and a quick ratio of 1.04.

Pactiv Evergreen Profile

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.