Two Sigma Investments LP lifted its position in Berry Global Group Inc (NYSE:BERY) by 113.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 632,471 shares of the industrial products company’s stock after buying an additional 336,409 shares during the quarter. Two Sigma Investments LP owned approximately 0.48% of Berry Global Group worth $37,107,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in BERY. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Berry Global Group in the fourth quarter worth about $111,000. Cerebellum GP LLC purchased a new stake in shares of Berry Global Group in the fourth quarter worth about $123,000. American International Group Inc. purchased a new stake in shares of Berry Global Group in the fourth quarter worth about $180,000. Crossmark Global Holdings Inc. purchased a new stake in shares of Berry Global Group in the fourth quarter worth about $207,000. Finally, MAI Capital Management purchased a new stake in shares of Berry Global Group in the fourth quarter worth about $218,000. 94.86% of the stock is currently owned by hedge funds and other institutional investors.
In other Berry Global Group news, Director Paula A. Sneed purchased 1,000 shares of Berry Global Group stock in a transaction on Monday, March 5th. The shares were acquired at an average cost of $53.63 per share, for a total transaction of $53,630.00. Following the completion of the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at $56,311.50. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.00% of the stock is owned by company insiders.
Berry Global Group Inc (BERY) opened at $56.29 on Wednesday. Berry Global Group Inc has a 52-week low of $47.19 and a 52-week high of $61.71. The company has a debt-to-equity ratio of 4.69, a quick ratio of 0.96 and a current ratio of 1.72. The company has a market cap of $7,317.02, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04.
Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Berry Global Group had a net margin of 6.13% and a return on equity of 47.10%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the business earned $0.50 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis. equities research analysts predict that Berry Global Group Inc will post 3.79 EPS for the current fiscal year.
BERY has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of Berry Global Group from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Bank of America upped their price objective on shares of Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Monday, February 12th. Barclays decreased their price objective on shares of Berry Global Group from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Finally, BidaskClub cut shares of Berry Global Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. Berry Global Group presently has an average rating of “Buy” and an average price target of $68.00.
Berry Global Group Profile
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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