Sawgrass Asset Management LLC purchased a new stake in shares of Amcor plc (NASDAQ:AMCR) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 12,061 shares of the company’s stock, valued at approximately $139,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMCR. CENTRAL TRUST Co purchased a new position in Amcor during the second quarter valued at $28,000. Riverview Trust Co purchased a new position in Amcor during the second quarter valued at $34,000. American Research & Management Co. purchased a new position in Amcor during the second quarter valued at $35,000. Bessemer Group Inc. purchased a new position in Amcor during the second quarter valued at $49,000. Finally, Bay Harbor Wealth Management LLC purchased a new position in Amcor during the second quarter valued at $53,000.
A number of research analysts have issued reports on the company. Goldman Sachs Group assumed coverage on Amcor in a research note on Wednesday, June 12th. They set a “sell” rating for the company. Citigroup assumed coverage on Amcor in a research note on Thursday, June 20th. They set a “buy” rating and a $13.00 price objective for the company.
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.
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