Skandinaviska Enskilda Banken AB publ Acquires Shares of 80,000 Pactiv Evergreen Inc. (NASDAQ:PTVE)

Skandinaviska Enskilda Banken AB publ bought a new position in Pactiv Evergreen Inc. (NASDAQ:PTVE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 80,000 shares of the company's stock, valued at approximately $1,398,000.Get Pactiv Evergreen alerts:Several other hedge funds also recently made changes to their positions in PTVE. Assenagon Asset Management S.A. boosted its position in Pactiv Evergreen by 111.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,240 shares of the company's stock valued at $2,537,000 after buying an additional 76,440 shares during the period. Victory Capital Management Inc. bought a new position in shares of Pactiv Evergreen during the third quarter valued at about $2,074,000. SG Americas Securities LLC purchased a new stake in shares of Pactiv Evergreen during the fourth quarter worth about $270,000. A&I Financial Services LLC bought a new stake in shares of Pactiv Evergreen in the fourth quarter worth about $744,000. Finally, Alberta Investment Management Corp purchased a new position in Pactiv Evergreen during the 4th quarter valued at about $9,958,000. 22.23% of the stock is owned by hedge funds and other institutional investors. Pactiv Evergreen Price PerformanceShares of PTVE stock opened at $17.88 on Tuesday. The business's fifty day moving average is $17.75 and its 200 day moving average is $14.84. The company has a quick ratio of 1.04, a current ratio of 1.93 and a debt-to-equity ratio of 3.26. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -19.43, a PEG ratio of 1.47 and a beta of 1.24. Pactiv Evergreen Inc. has a twelve month low of $8.83 and a twelve month high of $17.90. Analyst Ratings ChangesSeveral research firms have weighed in on PTVE. Royal Bank of Canada reiterated a "sector perform" rating and issued a $18.00 price objective (up previously from $14.00) on shares of Pactiv Evergreen in a report on Thursday, December 19th. Citigroup reaffirmed a "neutral" rating and issued a $18.00 price target (up previously from $13.00) on shares of Pactiv Evergreen in a research note on Tuesday, December 10th. UBS Group downgraded shares of Pactiv Evergreen from a "buy" rating to a "neutral" rating and boosted their price objective for the company from $16.00 to $18.00 in a research report on Friday, January 10th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $18.00 target price (up from $15.00) on shares of Pactiv Evergreen in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, Pactiv Evergreen currently has an average rating of "Hold" and a consensus price target of $16.80.View Our Latest Research Report on Pactiv EvergreenPactiv Evergreen Company Profile (Free Report)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.See AlsoFive stocks we like better than Pactiv EvergreenCanadian Penny Stocks: Can They Make You Rich? Can TikTok Stock Picks Really Make You Rich?Market Cap Calculator: How to Calculate Market CapThe "Quality" Rotation: Back to Basics Investing What is a Special Dividend?Occidental Petroleum: 4 Reasons to Love These PricesWant to see what other hedge funds are holding PTVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pactiv Evergreen Inc. (NASDAQ:PTVE - Free Report).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.Should You Invest $1,000 in Pactiv Evergreen Right Now?Before you consider Pactiv Evergreen, you'll want to hear this.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.While Pactiv Evergreen currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here