Magnus Financial Group LLC Makes New Investment in Amcor plc (NASDAQ:AMCR)

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Magnus Financial Group LLC bought a new position in shares of Amcor plc (NASDAQ:AMCR) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 23,060 shares of the company’s stock, valued at approximately $265,000.

A number of other institutional investors have also modified their holdings of the business. Schaper Benz & Wise Investment Counsel Inc. WI acquired a new stake in Amcor in the 2nd quarter valued at $5,651,000. GWM Advisors LLC acquired a new position in shares of Amcor in the 2nd quarter worth $432,000. Jones Financial Companies Lllp acquired a new position in shares of Amcor in the 2nd quarter worth $124,000. Swiss National Bank acquired a new position in shares of Amcor in the 2nd quarter worth $60,242,000. Finally, Comerica Bank acquired a new position in shares of Amcor in the 2nd quarter worth $7,948,000.

Shares of AMCR stock traded down $0.12 on Tuesday, reaching $9.99. 55,302 shares of the company’s stock traded hands, compared to its average volume of 6,602,477. Amcor plc has a 12-month low of $9.69 and a 12-month high of $11.77. The company has a 50 day moving average of $10.81.

A number of equities analysts recently issued reports on AMCR shares. Goldman Sachs Group started coverage on Amcor in a report on Wednesday, June 12th. They issued a “sell” rating on the stock. Citigroup started coverage on Amcor in a report on Thursday, June 20th. They issued a “buy” rating and a $13.00 target price on the stock.

About Amcor

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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Institutional Ownership by Quarter for Amcor (NASDAQ:AMCR)

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