Assenagon Asset Management S.A. Has $1.38 Million Position in Ball Co. (NYSE:BALL)

Assenagon Asset Management S.A. grew its position in shares of Ball Co. (NYSE:BALL) by 82.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,027 shares of the company’s stock after purchasing an additional 11,282 shares during the period. Assenagon Asset Management S.A.’s holdings in Ball were worth $1,380,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BALL. Peterson Financial Group Inc. bought a new position in shares of Ball during the third quarter worth about $30,000. Catalyst Capital Advisors LLC acquired a new stake in Ball during the 3rd quarter valued at approximately $47,000. Brooklyn Investment Group bought a new position in Ball during the 3rd quarter worth approximately $66,000. Quarry LP lifted its position in shares of Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after purchasing an additional 856 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of Ball by 29.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock valued at $69,000 after purchasing an additional 228 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Performance

NYSE BALL opened at $55.20 on Friday. The company’s 50 day simple moving average is $57.30 and its two-hundred day simple moving average is $61.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. Ball Co. has a 1 year low of $51.96 and a 1 year high of $71.32. The stock has a market capitalization of $16.47 billion, a PE ratio of 4.16, a P/E/G ratio of 1.37 and a beta of 0.93.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted $0.83 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Analysts predict that Ball Co. will post 3.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BALL. Citigroup lowered their target price on shares of Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Ball in a research report on Monday, November 4th. Truist Financial dropped their price objective on Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Morgan Stanley decreased their target price on Ball from $78.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Finally, Mizuho raised Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target on the stock in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.17.

Ball Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.