Newbrook Capital Advisors Lp Lowers stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : Newbrook Capital Advisors Lp reduced its stake in Berry Plastics Group Inc by 15.08% during the most recent quarter end. The investment management company now holds a total of 2,105,796 shares of Berry Plastics Group Inc which is valued at $81.1 Million after selling 373,933 shares in Berry Plastics Group Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Berry Plastics Group Inc makes up approximately 11.18% of Newbrook Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Dimensional Fund Advisors Lp reduced its stake in BERY by selling 2,794 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 564,755 shares of BERY which is valued at $21.8 Million. Berry Plastics Group Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio. Fuller Thaler Asset Management sold out all of its stake in BERY during the most recent quarter. The investment firm sold 2,100 shares of BERY which is valued $80,892. Zacks Investment Management sold out all of its stake in BERY during the most recent quarter. The investment firm sold 104,836 shares of BERY which is valued $4 Million.Atlantic Trust Group boosted its stake in BERY in the latest quarter, The investment management firm added 4,603 additional shares and now holds a total of 289,515 shares of Berry Plastics Group Inc which is valued at $11.2 Million. Berry Plastics Group Inc makes up approx 0.08% of Atlantic Trust Group’s portfolio.

Berry Plastics Group Inc closed down -0.03 points or -0.08% at $39.09 with 8,67,059 shares getting traded on Wednesday. Post opening the session at $39.2, the shares hit an intraday low of $38.86 and an intraday high of $39.35 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Berry Plastics Group Inc reported $0.58 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.49. The company had revenue of $1614.00 million for the quarter, compared to analysts expectations of $1652.97 million. The company’s revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Berry Plastics Group Inc. Berry Plastics Group Inc was Initiated by Goldman to “Buy” on May 12, 2016. Company shares were Reiterated by RBC Capital Mkts on May 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $41 .RBC Capital Mkts Initiated Berry Plastics Group Inc on Feb 19, 2016 to “Outperform”, Price Target of the shares are set at $38.

Berry Plastics Group Inc. is engaged in providing plastic consumer packaging and engineered materials. The Company’s products include drink cups thin-wall containers bottles specialty closures prescription vials specialty films adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top which sells primarily containers foodservice items closures overcaps bottles prescription containers and tubes; Engineered Materials which sells pipeline corrosion protection solutions tapes and adhesives PE (polyethylene)-based film products and can liners; and Flexible Packaging which sells high barrier multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets such as food and beverage healthcare and personal care.

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