Chicago Partners Investment Group LLC Invests $173,000 in Amcor PLC (NYSE:AMCR)

Chicago Partners Investment Group LLC acquired a new position in shares of Amcor PLC (NYSE:AMCR) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 19,038 shares of the company’s stock, valued at approximately $173,000.

Several other institutional investors have also modified their holdings of AMCR. Rakuten Securities Inc. raised its stake in Amcor by 18,725.0% during the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock worth $29,000 after acquiring an additional 2,996 shares in the last quarter. HM Payson & Co. acquired a new stake in Amcor during the 1st quarter worth $30,000. Brentview Investment Management LLC acquired a new stake in Amcor during the 1st quarter worth $31,000. CVA Family Office LLC raised its stake in Amcor by 234.1% during the 1st quarter. CVA Family Office LLC now owns 3,254 shares of the company’s stock worth $32,000 after acquiring an additional 2,280 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Amcor during the 1st quarter worth $36,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Price Performance

Shares of NYSE AMCR opened at $9.77 on Wednesday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.70 and a quick ratio of 1.16. The stock has a fifty day moving average price of $9.42 and a 200 day moving average price of $9.53. Amcor PLC has a 1-year low of $8.37 and a 1-year high of $11.48. The company has a market cap of $14.11 billion, a PE ratio of 17.44, a P/E/G ratio of 1.23 and a beta of 0.74.

Analyst Ratings Changes

AMCR has been the topic of several research analyst reports. Truist Financial set a $11.00 price target on shares of Amcor and gave the stock a “buy” rating in a research note on Friday, July 11th. Jefferies Financial Group initiated coverage on shares of Amcor in a research note on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price target on the stock. Raymond James Financial began coverage on shares of Amcor in a research note on Tuesday, April 22nd. They set a “market perform” rating on the stock. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Finally, Wells Fargo & Company lifted their price objective on shares of Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.51.

About Amcor

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.