<div id="readability-page-1"><p>Magnetar Financial LLC acquired a new stake in  Pactiv Evergreen Inc. (NASDAQ:PTVE - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor  acquired 3,070,686 shares of the company's stock, valued at approximately $53,645,000. Pactiv Evergreen accounts for  1.3% of Magnetar Financial LLC's holdings, making the stock its 24th biggest holding. Magnetar Financial LLC owned 1.71% of Pactiv Evergreen at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Pactiv Evergreen</strong> alerts:</span></p></div><p>Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in shares of  Pactiv Evergreen by 10,155.9% during the 4th quarter. AlphaQuest LLC now owns 3,487 shares of the company's stock worth $61,000 after purchasing an additional 3,453 shares during the last quarter.  Blue Trust Inc. increased its stake in shares of  Pactiv Evergreen by 1,590.7% during the 4th quarter. Blue Trust Inc. now owns 7,963 shares of the company's stock worth $139,000 after purchasing an additional 7,492 shares during the last quarter.  Intech Investment Management LLC acquired a new position in shares of  Pactiv Evergreen during the 3rd quarter worth $132,000.  SG Americas Securities LLC acquired a new position in shares of  Pactiv Evergreen during the 4th quarter worth $270,000.  Finally, Paloma Partners Management Co acquired a new position in shares of  Pactiv Evergreen during the 3rd quarter worth $178,000. Institutional investors and hedge funds own  22.23% of the company's stock. </p><h2>Pactiv Evergreen Price Performance</h2><p>Shares of Pactiv Evergreen stock opened at $17.91 on Thursday. 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 Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $18.05. The firm has a fifty day moving average price of $17.77 and a two-hundred day moving average price of $14.91. The company has a market cap of $3.24 billion, a PE ratio of -19.47, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. </p><h2>Wall Street Analysts Forecast Growth</h2><p>Several brokerages have recently commented on PTVE. Citigroup  restated a &#34;neutral&#34; rating and set a $18.00 price target (up previously from $13.00) on shares of Pactiv Evergreen in a research note on Tuesday, December 10th. Jefferies Financial Group  reiterated a &#34;hold&#34; rating and issued a $18.00 target price (up from $15.00) on shares of Pactiv Evergreen in a research note on Wednesday, December 18th. UBS Group lowered shares of Pactiv Evergreen from a &#34;buy&#34; rating to a &#34;neutral&#34; rating and raised their target price for the company from $16.00 to $18.00 in a research note on Friday, January 10th. Finally, Royal Bank of Canada  reiterated a &#34;sector perform&#34; rating and issued a $18.00 target price (up from $14.00) on shares of Pactiv Evergreen in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating,  According to MarketBeat.com, the company currently has an average rating of &#34;Hold&#34; and a consensus price target of $16.80.</p><p><b>Read Our Latest Stock Analysis on Pactiv Evergreen</b></p><h2>Pactiv Evergreen Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Pactiv Evergreen</li><li>Stock Market Upgrades: What Are They?</li><li>What GTC 2025 Signals for NVIDIA Stock’s Next Big Move</li><li>What is a Death Cross in Stocks?</li><li>Alphabet’s Officially In A Bear Market—Time To Buy?</li><li>Best Stocks Under $5.00</li><li>D-Wave and Quantum Supremacy: Implications For Investors</li></ul><p><strong>Want to see what other hedge funds are holding PTVE?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pactiv Evergreen Inc. (NASDAQ:PTVE - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFRWRQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UFRWRQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Pactiv Evergreen Right Now?</h2><p>Before you consider Pactiv Evergreen, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pactiv Evergreen wasn't on the list.</p><p>While Pactiv Evergreen currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

PTVE

<p>Magnetar Financial LLC has acquired 3,070,686 shares of Pactiv Evergreen Inc. (NASDAQ:PTVE) during the 4th quarter, valued at approximately $53.6 million. This acquisition makes Pactiv Evergreen 1.3% of Magnetar's holdings. Other institutional investors have also increased their stakes in the company. Pactiv Evergreen's stock opened at $17.91, with a market cap of $3.24 billion and a PE ratio of -19.47. Analysts have given the stock a consensus rating of "Hold" with a target price of $16.80.</p>

Magnetar Financial LLC Acquires Shares of 3,070,686 Pactiv Evergreen Inc. (NASDAQ:PTVE)