V Square Quantitative Management LLC Sells 13,905 Shares of Amcor plc (NYSE:AMCR)

V Square Quantitative Management LLC trimmed its holdings in shares of Amcor plc (NYSE:AMCR) by 39.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,222 shares of the company’s stock after selling 13,905 shares during the period. V Square Quantitative Management LLC’s holdings in Amcor were worth $208,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMCR. Riverview Trust Co bought a new position in shares of Amcor during the 1st quarter worth approximately $28,000. Quent Capital LLC lifted its holdings in shares of Amcor by 51.8% in the 2nd quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock worth $36,000 after purchasing an additional 1,241 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Amcor by 132.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,416 shares of the company’s stock worth $39,000 after purchasing an additional 2,519 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Amcor by 55.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 7,787 shares of the company’s stock worth $75,000 after purchasing an additional 2,779 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Amcor in the 1st quarter worth $84,000. 45.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Amcor from $10.00 to $11.10 and gave the stock an “overweight” rating in a report on Tuesday. Stifel Nicolaus initiated coverage on Amcor in a report on Tuesday, July 9th. They issued a “hold” rating and a $10.80 target price on the stock. Finally, Wells Fargo & Company initiated coverage on Amcor in a research note on Friday, June 28th. They set an “equal weight” rating and a $9.80 price objective on the stock. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.43.

Amcor Stock Up 0.1 %

NYSE:AMCR traded up $0.01 during trading hours on Wednesday, hitting $10.71. 4,799,713 shares of the company traded hands, compared to its average volume of 9,183,402. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 1.76. The firm’s 50-day simple moving average is $10.07 and its 200-day simple moving average is $9.66. Amcor plc has a one year low of $8.45 and a one year high of $10.75. The company has a market cap of $15.48 billion, a PE ratio of 23.78, a PEG ratio of 4.64 and a beta of 0.86.

Amcor Profile

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.