Md Sass Investors Services Inc buys $93.3 Million stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : Md Sass Investors Services Inc scooped up 392,075 additional shares in Berry Plastics Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,423,069 shares of Berry Plastics Group Inc which is valued at $93.3 Million.Berry Plastics Group Inc makes up approximately 5.38% of Md Sass Investors Services Inc’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in BERY in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 8,390 shares of Berry Plastics Group Inc which is valued at $323,183.First Trust Advisors Lp reduced its stake in BERY by selling 30,560 shares or 32.01% in the most recent quarter. The Hedge Fund company now holds 64,898 shares of BERY which is valued at $2.5 Million. Berry Plastics Group Inc makes up approx 0.01% of First Trust Advisors Lp’s portfolio. Engineers Gate Manager Lp sold out all of its stake in BERY during the most recent quarter. The investment firm sold 157,221 shares of BERY which is valued $6.1 Million. Parkside Financial Bank Trust added BERY to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $1,450. Checchi Capital Advisers added BERY to its portfolio by purchasing 397 company shares during the most recent quarter which is valued at $14,395.

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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