Paloma Partners Management Co trimmed its position in Berry Global Group Inc (NYSE:BERY) by 30.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,545 shares of the industrial products company’s stock after selling 5,003 shares during the quarter. Paloma Partners Management Co’s holdings in Berry Global Group were worth $678,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BERY. Luminus Management LLC grew its holdings in shares of Berry Global Group by 54.9% during the 4th quarter. Luminus Management LLC now owns 3,815,703 shares of the industrial products company’s stock worth $223,867,000 after purchasing an additional 1,352,044 shares in the last quarter. Atlantic Trust Group LLC grew its holdings in shares of Berry Global Group by 184.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 861,120 shares of the industrial products company’s stock worth $48,784,000 after purchasing an additional 558,411 shares in the last quarter. Renaissance Group LLC acquired a new stake in shares of Berry Global Group during the 4th quarter worth $27,153,000. Two Sigma Investments LP grew its holdings in shares of Berry Global Group by 113.6% during the 4th quarter. Two Sigma Investments LP now owns 632,471 shares of the industrial products company’s stock worth $37,107,000 after purchasing an additional 336,409 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Berry Global Group by 19.5% during the 4th quarter. Alliancebernstein L.P. now owns 1,946,566 shares of the industrial products company’s stock worth $114,205,000 after purchasing an additional 317,824 shares in the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Berry Global Group stock opened at $54.65 on Thursday. The firm has a market capitalization of $7,213.38, a PE ratio of 16.36, a P/E/G ratio of 0.73 and a beta of 1.04. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.72 and a quick ratio of 0.96. Berry Global Group Inc has a 12 month low of $47.19 and a 12 month high of $61.71.
Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Berry Global Group had a return on equity of 47.10% and a net margin of 6.13%. Berry Global Group’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. equities analysts predict that Berry Global Group Inc will post 3.79 EPS for the current fiscal year.
BERY has been the topic of several analyst reports. Zacks Investment Research raised Berry Global Group from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Wednesday, January 31st. Bank of America increased their target price on Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. BMO Capital Markets raised Berry Global Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 24th. Finally, Barclays reduced their price objective on Berry Global Group from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $68.00.
In other news, Director Paula A. Sneed bought 1,000 shares of the company’s stock in a transaction on Monday, March 5th. The stock was purchased 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 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 hyperlink. 3.00% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.