3g Capital Partners Lp buys $42,760,000 stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : 3g Capital Partners Lp scooped up 100,000 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 Aug 15, 2016. The investment management firm now holds a total of 1,000,000 shares of Berry Plastics Group Inc which is valued at $42,760,000.Berry Plastics Group Inc makes up approximately 3.41% of 3g Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Jana Partners added BERY to its portfolio by purchasing 2,509,430 company shares during the most recent quarter which is valued at $107,303,227. Berry Plastics Group Inc makes up approx 1.90% of Jana Partners’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. Emerald Advisers Incpa added BERY to its portfolio by purchasing 193,410 company shares during the most recent quarter which is valued at $7,929,810. Berry Plastics Group Inc makes up approx 0.36% of Emerald Advisers Incpa’s portfolio.Falcon Point Capital boosted its stake in BERY in the latest quarter, The investment management firm added 5,382 additional shares and 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 approx 2.04% of Falcon Point Capital’s portfolio.

Berry Plastics Group Inc opened for trading at $45.5 and hit $45.55 on the upside on Thursday, eventually ending the session at $45.49, with a gain of 0.22% or 0.1 points. The heightened volatility saw the trading volume jump to 9,34,768 shares. Company has a market cap of $5,532 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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