Amcor plc (NYSE:AMCR) Sees Large Increase in Short Interest

Amcor plc (NYSE:AMCRGet Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 25,210,000 shares, a growth of 7.9% from the February 29th total of 23,370,000 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average trading volume of 8,880,000 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On Amcor

Institutional investors have recently modified their holdings of the company. Signaturefd LLC raised its holdings in Amcor by 1,619.5% during the third quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock worth $30,000 after buying an additional 3,077 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in shares of Amcor in the fourth quarter valued at about $31,000. Clear Street Markets LLC raised its holdings in shares of Amcor by 93.6% in the first quarter. Clear Street Markets LLC now owns 2,913 shares of the company’s stock valued at $33,000 after purchasing an additional 1,408 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Amcor by 99.6% in the third quarter. Quent Capital LLC now owns 3,814 shares of the company’s stock valued at $35,000 after purchasing an additional 1,903 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Amcor in the third quarter valued at about $38,000. 45.14% of the stock is owned by institutional investors.

Amcor Trading Down 0.4 %

AMCR traded down $0.04 during trading on Wednesday, reaching $9.27. 2,704,587 shares of the company’s stock were exchanged, compared to its average volume of 8,956,207. Amcor has a one year low of $8.45 and a one year high of $11.35. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $13.40 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 10.39 and a beta of 0.78. The firm has a fifty day moving average price of $9.28 and a two-hundred day moving average price of $9.27.

Amcor (NYSE:AMCRGet Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Amcor had a net margin of 4.59% and a return on equity of 24.28%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.29 billion. As a group, equities research analysts forecast that Amcor will post 0.68 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date was Tuesday, February 27th. Amcor’s dividend payout ratio is currently 113.64%.

Amcor Company Profile

(Get Free Report)

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.

Further Reading

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