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 $90,043,837 after selling 373,933 shares in Berry Plastics Group Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Berry Plastics Group Inc makes up approximately 12.00% of Newbrook Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Qs Investors boosted its stake in BERY in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 35 shares of Berry Plastics Group Inc which is valued at $1,497.Canada Pension Plan Investment Board reduced its stake in BERY by selling 13,100 shares or 10.81% in the most recent quarter. The Hedge Fund company now holds 108,031 shares of BERY which is valued at $4,619,406. Berry Plastics Group Inc makes up approx 0.02% of Canada Pension Plan Investment Board’s portfolio.Swiss National Bank boosted its stake in BERY in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 201,800 shares of Berry Plastics Group Inc which is valued at $8,227,386. Berry Plastics Group Inc makes up approx 0.01% of Swiss National Bank’s portfolio. Quantitative Investment Management added BERY to its portfolio by purchasing 5,500 company shares during the most recent quarter which is valued at $224,235. Berry Plastics Group Inc makes up approx 0.01% of Quantitative Investment Management’s portfolio. Advisory Services Network added BERY to its portfolio by purchasing 100 company shares during the most recent quarter which is valued at $4,140.

Berry Plastics Group Inc opened for trading at $45.5 and hit $45.55 on the upside on Thursday, eventually ending the session at $45.49, with a gain of 0.22% or 0.1 points. The heightened volatility saw the trading volume jump to 9,34,768 shares. Company has a market cap of $5,532 M.

On the company’s financial health, Berry Plastics Group Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.61. The company had revenue of $1645.00 million for the quarter, compared to analysts expectations of $1679.32 million. The company’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Berry Plastics Group Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .SunTrust Initiated Berry Plastics Group Inc on Jul 13, 2016 to “Neutral”, Price Target of the shares are set at $42.Barclays Resumed Berry Plastics Group Inc on Jun 15, 2016 to “Overweight”, Price Target of the shares are set at $45.

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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