Point72 Asia (hong Kong) Ltd buys $1,926,112 stake in Berry Plastics Group Inc (BERY)

Berry Plastics Group Inc (BERY) : Point72 Asia (hong Kong) Ltd scooped up 42,412 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 42,812 shares of Berry Plastics Group Inc which is valued at $1,926,112.Berry Plastics Group Inc makes up approximately 1.06% of Point72 Asia (hong Kong) Ltd’s portfolio.

Other Hedge Funds, Including , Raymond James Associates boosted its stake in BERY in the latest quarter, The investment management firm added 73,693 additional shares and now holds a total of 212,009 shares of Berry Plastics Group Inc which is valued at $9,538,285. Berry Plastics Group Inc makes up approx 0.03% of Raymond James Associates’s portfolio.Employees Retirement System Of Texas reduced its stake in BERY by selling 38,000 shares or 31.93% in the most recent quarter. The Hedge Fund company now holds 81,000 shares of BERY which is valued at $3,592,350. Berry Plastics Group Inc makes up approx 0.05% of Employees Retirement System Of Texas’s portfolio.Advisor Group boosted its stake in BERY in the latest quarter, The investment management firm added 299 additional shares and now holds a total of 2,434 shares of Berry Plastics Group Inc which is valued at $110,771.Palisade Capital Managementnj reduced its stake in BERY by selling 28,020 shares or 13.41% in the most recent quarter. The Hedge Fund company now holds 180,928 shares of BERY which is valued at $7,968,069. Berry Plastics Group Inc makes up approx 0.35% of Palisade Capital Managementnj’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in BERY by selling 56,965 shares or 56.16% in the most recent quarter. The Hedge Fund company now holds 44,460 shares of BERY which is valued at $1,932,232. Berry Plastics Group Inc makes up approx 0.02% of Her Majesty The Queen In Right Of The Province Of Alberta…’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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