Lonestar Capital Management buys $37,042,500 stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : Lonestar Capital Management scooped up 25,000 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 Nov 14, 2016. The investment management firm now holds a total of 825,000 shares of Berry Plastics Group Inc which is valued at $37,042,500.Berry Plastics Group Inc makes up approximately 38.65% of Lonestar Capital Management’s portfolio.

Other Hedge Funds, Including , Mariner Wealth Advisors boosted its stake in BERY in the latest quarter, The investment management firm added 1,019 additional shares and now holds a total of 44,272 shares of Berry Plastics Group Inc which is valued at $1,991,797. Berry Plastics Group Inc makes up approx 0.10% of Mariner Wealth Advisors’s portfolio. First Interstate Bank added BERY to its portfolio by purchasing 1,442 company shares during the most recent quarter which is valued at $63,953. Berry Plastics Group Inc makes up approx 0.01% of First Interstate Bank’s portfolio.Cipher Capital Lp boosted its stake in BERY in the latest quarter, The investment management firm added 105,123 additional shares and now holds a total of 163,279 shares of Berry Plastics Group Inc which is valued at $7,241,424. Berry Plastics Group Inc makes up approx 0.45% of Cipher Capital Lp’s portfolio.Swiss National Bank reduced its stake in BERY by selling 6,800 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 195,000 shares of BERY which is valued at $8,587,800. Berry Plastics Group Inc makes up approx 0.01% of Swiss National Bank’s portfolio.

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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