Canyon Capital Advisors buys $160,546,860 stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : Canyon Capital Advisors scooped up 347,526 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 Nov 14, 2016. The investment management firm now holds a total of 3,568,501 shares of Berry Plastics Group Inc which is valued at $160,546,860.Berry Plastics Group Inc makes up approximately 6.96% of Canyon Capital Advisors’s portfolio.

Other Hedge Funds, Including , Putnam Investments boosted its stake in BERY in the latest quarter, The investment management firm added 134,035 additional shares and now holds a total of 414,485 shares of Berry Plastics Group Inc which is valued at $18,647,680. Berry Plastics Group Inc makes up approx 0.05% of Putnam Investments’s portfolio.Engineers Gate Manager Lp boosted its stake in BERY in the latest quarter, The investment management firm added 53,403 additional shares and now holds a total of 126,420 shares of Berry Plastics Group Inc which is valued at $5,753,374. Berry Plastics Group Inc makes up approx 0.61% of Engineers Gate Manager Lp’s portfolio. Newsquare Capital added BERY to its portfolio by purchasing 62 company shares during the most recent quarter which is valued at $2,695.Ftb Advisors boosted its stake in BERY in the latest quarter, The investment management firm added 21 additional shares and now holds a total of 419 shares of Berry Plastics Group Inc which is valued at $18,331.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Berry Plastics Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Berry Plastics Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.