Berry Plastics Group Inc (BERY) : Zweig-dimenna Associates reduced its stake in Berry Plastics Group Inc by 19.33% during the most recent quarter end. The investment management company now holds a total of 368,976 shares of Berry Plastics Group Inc which is valued at $15,707,308 after selling 88,395 shares in Berry Plastics Group Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Berry Plastics Group Inc makes up approximately 1.52% of Zweig-dimenna Associates’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Investment Partners S.a. boosted its stake in BERY in the latest quarter, The investment management firm added 682,784 additional shares and now holds a total of 755,681 shares of Berry Plastics Group Inc which is valued at $32,169,340. Berry Plastics Group Inc makes up approx 0.27% of Bnp Paribas Investment Partners S.a.’s portfolio. Boston Advisors added BERY to its portfolio by purchasing 135,465 company shares during the most recent quarter which is valued at $5,608,251. Berry Plastics Group Inc makes up approx 0.14% of Boston Advisors’s portfolio.
Berry Plastics Group Inc opened for trading at $42.83 and hit $43.67 on the upside on Monday, eventually ending the session at $43.5, with a gain of 1.73% or 0.74 points. The heightened volatility saw the trading volume jump to 15,83,850 shares. Company has a market cap of $5,290 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 Companys 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.