Dsam Partners (london) Ltd adds Berry Plastics Group Inc (BERY) to its portfolio

Berry Plastics Group Inc (BERY) : Dsam Partners (london) Ltd added new position in Berry Plastics Group Inc during the most recent quarter end. The investment management firm now holds 411,337 shares of Berry Plastics Group Inc which is valued at $15.8 Million , the company said in a statement filed on May 13, 2016 with the SEC.Berry Plastics Group Inc makes up approximately 7.98% of Dsam Partners (london) Ltd’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp reduced its stake in BERY by selling 355,340 shares or 65.05% in the most recent quarter. The Hedge Fund company now holds 190,951 shares of BERY which is valued at $7.4 Million. Berry Plastics Group Inc makes up approx 0.07% of Marshall Wace Llp’s portfolio.Palisade Capital Managementnj reduced its stake in BERY by selling 39,777 shares or 9.63% in the most recent quarter. The Hedge Fund company now holds 373,109 shares of BERY which is valued at $14.4 Million. Berry Plastics Group Inc makes up approx 0.56% of Palisade Capital Managementnj’s portfolio. Algert Global added BERY to its portfolio by purchasing 25,383 company shares during the most recent quarter which is valued at $977,753. Berry Plastics Group Inc makes up approx 0.38% of Algert Global’s portfolio. Airain Ltd sold out all of its stake in BERY during the most recent quarter. The investment firm sold 82,951 shares of BERY which is valued $3.2 Million.Three Peaks Capital Management boosted its stake in BERY in the latest quarter, The investment management firm added 30,278 additional shares and now holds a total of 206,891 shares of Berry Plastics Group Inc which is valued at $7.5 Million. Berry Plastics Group Inc makes up approx 1.36% of Three Peaks Capital Management’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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