Rampart Investment Management Company LLC acquired a new position in Amcor plc (NASDAQ:AMCR) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 39,679 shares of the company’s stock, valued at approximately $456,000.
A number of other hedge funds have also recently modified their holdings of AMCR. CENTRAL TRUST Co bought a new stake in shares of Amcor during the 2nd quarter valued at about $28,000. Tyers Asset Management LLC bought a new position in Amcor in the 2nd quarter worth about $31,000. Tower Research Capital LLC TRC bought a new position in Amcor in the 2nd quarter worth about $33,000. Riverview Trust Co bought a new position in Amcor in the 2nd quarter worth about $34,000. Finally, American Research & Management Co. bought a new position in Amcor in the 2nd quarter worth about $35,000.
NASDAQ AMCR traded down $0.11 on Friday, hitting $9.68. The stock had a trading volume of 2,852,670 shares, compared to its average volume of 6,252,126. The firm’s 50-day simple moving average is $10.00. Amcor plc has a one year low of $9.32 and a one year high of $11.77.
AMCR has been the subject of several recent analyst reports. Goldman Sachs Group initiated coverage on shares of Amcor in a research report on Wednesday, June 12th. They issued a “sell” rating for the company. Citigroup initiated coverage on shares of Amcor in a research report on Thursday, June 20th. They issued a “buy” rating and a $13.00 target price for the company.
In related news, insider Louis Fred Stephan sold 69,787 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $10.27, for a total transaction of $716,712.49.
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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