Berry Plastics Group Inc (BERY) : Systematic Financial Management Lp scooped up 29,053 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 11, 2016. The investment management firm now holds a total of 2,788,037 shares of Berry Plastics Group Inc which is valued at $107.4 Million.Berry Plastics Group Inc makes up approximately 1.36% of Systematic Financial Management Lp’s portfolio.
Other Hedge Funds, Including , Teacher Retirement System Of Texas boosted its stake in BERY in the latest quarter, The investment management firm added 279,265 additional shares and now holds a total of 290,290 shares of Berry Plastics Group Inc which is valued at $11.2 Million. Berry Plastics Group Inc makes up approx 0.08% of Teacher Retirement System Of Texas’s portfolio.Zweig-dimenna Associates reduced its stake in BERY by selling 196,037 shares or 30.0% in the most recent quarter. The Hedge Fund company now holds 457,371 shares of BERY which is valued at $17.6 Million. Berry Plastics Group Inc makes up approx 1.55% of Zweig-dimenna Associates’s portfolio. Oxford Asset Management sold out all of its stake in BERY during the most recent quarter. The investment firm sold 186,418 shares of BERY which is valued $7.2 Million. Fiduciary Management Associates sold out all of its stake in BERY during the most recent quarter. The investment firm sold 734,349 shares of BERY which is valued $26.6 Million.Clarivest Asset Management boosted its stake in BERY in the latest quarter, The investment management firm added 1,331 additional shares and now holds a total of 33,317 shares of Berry Plastics Group Inc which is valued at $1.2 Million. Berry Plastics Group Inc makes up approx 0.04% of Clarivest Asset Management’s portfolio.
Berry Plastics Group Inc opened for trading at $38.56 and hit $39.15 on the upside on Monday, eventually ending the session at $38.78, with a gain of 0.67% or 0.26 points. The heightened volatility saw the trading volume jump to 19,30,058 shares. Company has a market cap of $4,689 M.
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 Companys 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.