Md Sass Investors Services Inc Lowers stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : Md Sass Investors Services Inc reduced its stake in Berry Plastics Group Inc by 10.42% during the most recent quarter end. The investment management company now holds a total of 2,170,619 shares of Berry Plastics Group Inc which is valued at $92,815,668 after selling 252,450 shares in Berry Plastics Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Berry Plastics Group Inc makes up approximately 4.73% of Md Sass Investors Services Inc’s portfolio.

Other Hedge Funds, Including , Advisors Capital Management added BERY to its portfolio by purchasing 43,069 company shares during the most recent quarter which is valued at $1,841,630. Berry Plastics Group Inc makes up approx 0.18% of Advisors Capital Management’s portfolio.New York State Common Retirement Fund boosted its stake in BERY in the latest quarter, The investment management firm added 68,249 additional shares and now holds a total of 372,532 shares of Berry Plastics Group Inc which is valued at $15,929,468. Berry Plastics Group Inc makes up approx 0.02% of New York State Common Retirement Fund’s portfolio.Blackrock Fund Advisors reduced its stake in BERY by selling 1,697,431 shares or 57.71% in the most recent quarter. The Hedge Fund company now holds 1,243,864 shares of BERY which is valued at $53,187,625. Berry Plastics Group Inc makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Eam Investors boosted its stake in BERY in the latest quarter, The investment management firm added 2,801 additional shares and now holds a total of 69,851 shares of Berry Plastics Group Inc which is valued at $2,878,560. Berry Plastics Group Inc makes up approx 0.40% of Eam Investors’s portfolio.

Berry Plastics Group Inc opened for trading at $44.18 and hit $44.19 on the upside on Tuesday, eventually ending the session at $43.98, with a gain of 0.09% or 0.04 points. The heightened volatility saw the trading volume jump to 16,38,539 shares. Company has a market cap of $5,348 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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