Emerald Advisers Inc. PA Sells 5,726 Shares of Berry Global Group Inc (BERY)

Emerald Advisers Inc. PA decreased its stake in shares of Berry Global Group Inc (NYSE:BERY) by 14.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 32,713 shares of the industrial products company’s stock after selling 5,726 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Berry Global Group were worth $1,919,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in BERY. Atlantic Trust Group LLC increased its position in Berry Global Group by 184.5% during the third quarter. Atlantic Trust Group LLC now owns 861,120 shares of the industrial products company’s stock worth $48,784,000 after buying an additional 558,411 shares in the last quarter. Victory Capital Management Inc. increased its position in Berry Global Group by 119.5% during the third quarter. Victory Capital Management Inc. now owns 322,350 shares of the industrial products company’s stock worth $18,261,000 after buying an additional 175,522 shares in the last quarter. Boston Partners increased its position in Berry Global Group by 4.1% during the fourth quarter. Boston Partners now owns 4,089,152 shares of the industrial products company’s stock worth $239,911,000 after buying an additional 160,491 shares in the last quarter. Verition Fund Management LLC increased its position in Berry Global Group by 317.1% during the second quarter. Verition Fund Management LLC now owns 52,850 shares of the industrial products company’s stock worth $3,013,000 after buying an additional 40,180 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in Berry Global Group by 21.0% during the third quarter. Public Employees Retirement System of Ohio now owns 130,020 shares of the industrial products company’s stock worth $7,366,000 after buying an additional 22,572 shares in the last quarter. 94.70% of the stock is owned by institutional investors.

In other news, CFO Mark W. Miles sold 10,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $58.54, for a total transaction of $585,400.00. Following the sale, the chief financial officer now owns 52,916 shares in the company, valued at $3,097,702.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

Shares of Berry Global Group Inc (NYSE:BERY) opened at $53.47 on Friday. Berry Global Group Inc has a fifty-two week low of $47.19 and a fifty-two week high of $61.71. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 5.53. The stock has a market capitalization of $7,188.45, a price-to-earnings ratio of 16.01, a PEG ratio of 0.78 and a beta of 0.99.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Berry Global Group had a return on equity of 51.50% and a net margin of 6.13%. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the firm earned $0.50 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. research analysts expect that Berry Global Group Inc will post 3.49 EPS for the current fiscal year.

Several equities analysts have weighed in on BERY shares. Zacks Investment Research downgraded Berry Global Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. BidaskClub downgraded Berry Global Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Robert W. Baird raised their price target on Berry Global Group from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Deutsche Bank raised their price target on Berry Global Group from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Finally, SunTrust Banks raised their price target on Berry Global Group to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. Berry Global Group presently has an average rating of “Buy” and a consensus target price of $68.25.

COPYRIGHT VIOLATION WARNING: “Emerald Advisers Inc. PA Sells 5,726 Shares of Berry Global Group Inc (BERY)” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.com-unik.info/2018/02/09/emerald-advisers-inc-pa-sells-5726-shares-of-berry-global-group-inc-bery.html.

About Berry Global Group

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.

Want to see what other hedge funds are holding BERY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Berry Global Group Inc (NYSE:BERY).

Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit