12,779 Shares in Pactiv Evergreen Inc. (NASDAQ:PTVE) Bought by Schonfeld Strategic Advisors LLC


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Schonfeld Strategic Advisors LLC purchased a new position in shares of Pactiv Evergreen Inc. (NASDAQ:PTVE) in the third quarter, HoldingsChannel.com reports. The firm purchased 12,779 shares of the company’s stock, valued at approximately $162,000.

A number of other institutional investors have also modified their holdings of PTVE. Cerity Partners LLC acquired a new stake in Pactiv Evergreen during the 3rd quarter worth about $127,000. Truist Financial Corp purchased a new stake in Pactiv Evergreen during the 3rd quarter worth about $140,000. Levin Capital Strategies L.P. purchased a new stake in Pactiv Evergreen during the 3rd quarter worth about $381,000. New York State Common Retirement Fund purchased a new stake in Pactiv Evergreen during the 3rd quarter worth about $401,000. Finally, Jane Street Group LLC purchased a new stake in Pactiv Evergreen during the 3rd quarter worth about $409,000.

PTVE has been the topic of a number of recent research reports. Bank of America began coverage on Pactiv Evergreen in a report on Monday, October 12th. They set a “buy” rating and a $17.50 price objective on the stock. Robert W. Baird began coverage on Pactiv Evergreen in a report on Monday, October 12th. They issued an “outperform” rating and a $17.00 price target on the stock. Royal Bank of Canada began coverage on Pactiv Evergreen in a report on Monday, October 12th. They issued an “outperform” rating and a $16.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Pactiv Evergreen in a report on Tuesday, October 13th. They issued a “buy” rating and a $17.00 price target on the stock. Finally, BMO Capital Markets cut Pactiv Evergreen from an “outperform” rating to a “market perform” rating and set a $18.00 price target on the stock. in a report on Tuesday, December 15th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.07.

Shares of NASDAQ PTVE opened at $18.14 on Friday. Pactiv Evergreen Inc. has a 1-year low of $10.40 and a 1-year high of $19.61. The firm’s 50-day moving average price is $17.06.

Pactiv Evergreen (NASDAQ:PTVE) last announced its quarterly earnings data on Wednesday, November 18th. The company reported ($2.59) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($2.74). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts anticipate that Pactiv Evergreen Inc. will post 0.83 earnings per share for the current year.

About Pactiv Evergreen

Pactiv Evergreen Inc manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in North America and internationally. It operates through three segments: Foodservice, Food Merchandising, and Beverage Merchandising. The Foodservice segment provides food containers, hot and cold cups, lids, plates, bowls, cutlery and straws, wraps, and cafeteria trays.

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Institutional Ownership by Quarter for Pactiv Evergreen (NASDAQ:PTVE)

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