Voya Investment Management LLC Lowers Stock Holdings in Pactiv Evergreen Inc. (NASDAQ:PTVE)

Voya Investment Management LLC reduced its position in shares of Pactiv Evergreen Inc. (NASDAQ:PTVE) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,317 shares of the company’s stock after selling 2,408 shares during the period. Voya Investment Management LLC’s holdings in Pactiv Evergreen were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rhumbline Advisers boosted its holdings in Pactiv Evergreen by 2.2% in the fourth quarter. Rhumbline Advisers now owns 70,786 shares of the company’s stock valued at $1,237,000 after purchasing an additional 1,538 shares during the period. Principal Financial Group Inc. boosted its holdings in Pactiv Evergreen by 8.4% in the fourth quarter. Principal Financial Group Inc. now owns 21,614 shares of the company’s stock valued at $378,000 after purchasing an additional 1,684 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Pactiv Evergreen by 19.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,541 shares of the company’s stock valued at $272,000 after purchasing an additional 2,573 shares during the period. AlphaQuest LLC boosted its holdings in Pactiv Evergreen by 10,155.9% in the fourth quarter. AlphaQuest LLC now owns 3,487 shares of the company’s stock valued at $61,000 after purchasing an additional 3,453 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Pactiv Evergreen by 24.3% in the fourth quarter. Wells Fargo & Company MN now owns 26,439 shares of the company’s stock valued at $462,000 after purchasing an additional 5,173 shares during the period. 22.23% of the stock is currently owned by hedge funds and other institutional investors.

Pactiv Evergreen Stock Performance

NASDAQ:PTVE opened at $18.01 on Wednesday. The firm has a market cap of $3.25 billion, a PE ratio of -19.58, a price-to-earnings-growth ratio of 1.47 and a beta of 1.24. The stock has a fifty day moving average price of $17.98 and a 200 day moving average price of $16.71. Pactiv Evergreen Inc. has a 12-month low of $8.83 and a 12-month high of $18.03. The company has a current ratio of 1.93, a quick ratio of 1.04 and a debt-to-equity ratio of 3.26.

Pactiv Evergreen Profile

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.