Anchor Bolt Capital Lp Lowers stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : Anchor Bolt Capital Lp reduced its stake in Berry Plastics Group Inc by 5.82% during the most recent quarter end. The investment management company now holds a total of 5,108,518 shares of Berry Plastics Group Inc which is valued at $229,832,225 after selling 315,440 shares in Berry Plastics Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Berry Plastics Group Inc makes up approximately 6.98% of Anchor Bolt Capital Lp’s portfolio.

Other Hedge Funds, Including , Glazer Capital added BERY to its portfolio by purchasing 1,875 company shares during the most recent quarter which is valued at $84,356. Berry Plastics Group Inc makes up approx 0.03% of Glazer Capital’s portfolio.Pacer Advisors boosted its stake in BERY in the latest quarter, The investment management firm added 987 additional shares and now holds a total of 4,095 shares of Berry Plastics Group Inc which is valued at $181,613. Berry Plastics Group Inc makes up approx 0.03% of Pacer Advisors’s portfolio. Great Lakes Advisors sold out all of its stake in BERY during the most recent quarter. The investment firm sold 49,297 shares of BERY which is valued $2,171,040.First Personal Financial Services reduced its stake in BERY by selling 66 shares or 32.84% in the most recent quarter. The Hedge Fund company now holds 135 shares of BERY which is valued at $5,945.Great West Life Assurance Co Can boosted its stake in BERY in the latest quarter, The investment management firm added 2,220 additional shares and now holds a total of 14,508 shares of Berry Plastics Group Inc which is valued at $633,274.

Berry Plastics Group Inc closed down -0.58 points or -1.25% at $45.75 with 11,49,907 shares getting traded on Monday. Post opening the session at $46.41, the shares hit an intraday low of $45.47 and an intraday high of $46.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Jefferies Initiated Berry Plastics Group Inc on Oct 13, 2016 to “Buy”, Price Target of the shares are set at $52.JP Morgan Initiated Berry Plastics Group Inc on Sep 13, 2016 to “Overweight”, Price Target of the shares are set at $54.

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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