Falcon Point Capital buys $12,180,542 stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : Falcon Point Capital scooped up 5,382 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 Jul 26, 2016. The investment management firm now holds a total of 294,216 shares of Berry Plastics Group Inc which is valued at $12,180,542.Berry Plastics Group Inc makes up approximately 2.04% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in BERY by selling 24,200 shares or 10.82% in the most recent quarter. The Hedge Fund company now holds 199,513 shares of BERY which is valued at $8,259,838. Berry Plastics Group Inc makes up approx 0.04% of Strs Ohio’s portfolio. Kanaly Trust Co added BERY to its portfolio by purchasing 86 company shares during the most recent quarter which is valued at $3,452. Fox Run Management L.l.c. added BERY to its portfolio by purchasing 13,100 company shares during the most recent quarter which is valued at $528,192. Berry Plastics Group Inc makes up approx 0.24% of Fox Run Management L.l.c.’s portfolio.

Berry Plastics Group Inc closed down -0.27 points or -0.65% at $41 with 7,22,876 shares getting traded on Friday. Post opening the session at $41.19, the shares hit an intraday low of $40.82 and an intraday high of $41.228 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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 was Initiated by Goldman to “Buy” on May 12, 2016.

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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