Curt Begle Sells 5,440 Shares of BPC Acquisition Corp (BERY) Stock
BPC Acquisition Corp (NYSE:BERY) President Curt Begle sold 5,440 shares of the stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $60.03, for a total value of $326,563.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Curt Begle also recently made the following trade(s):
- On Friday, October 20th, Curt Begle sold 22,541 shares of BPC Acquisition Corp stock. The shares were sold at an average price of $60.01, for a total value of $1,352,685.41.
Shares of BPC Acquisition Corp (NYSE BERY) traded up 0.40% on Tuesday, hitting $59.76. The stock had a trading volume of 855,193 shares. The firm’s 50-day moving average price is $57.48 and its 200 day moving average price is $56.30. The firm has a market cap of $7.79 billion, a PE ratio of 25.38 and a beta of 1.08. BPC Acquisition Corp has a 52-week low of $42.74 and a 52-week high of $60.12.
BPC Acquisition Corp (NYSE:BERY) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. BPC Acquisition Corp had a return on equity of 76.66% and a net margin of 4.49%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. On average, equities research analysts predict that BPC Acquisition Corp will post $3.04 EPS for the current year.
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BERY has been the subject of a number of research analyst reports. SunTrust Banks, Inc. upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating and increased their price target for the company from $51.00 to $65.00 in a research note on Monday, June 26th. Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 price target on shares of BPC Acquisition Corp in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and issued a $67.00 price objective (up from $63.00) on shares of BPC Acquisition Corp in a research note on Friday, July 14th. UBS AG began coverage on BPC Acquisition Corp in a research note on Tuesday, July 25th. They issued a “buy” rating and a $67.00 price objective for the company. Finally, BidaskClub cut BPC Acquisition Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. BPC Acquisition Corp has a consensus rating of “Buy” and a consensus price target of $64.08.
Institutional investors and hedge funds have recently bought and sold shares of the business. Acrospire Investment Management LLC raised its stake in BPC Acquisition Corp by 315.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 1,600 shares during the last quarter. CrestPoint Capital Management LLC purchased a new stake in BPC Acquisition Corp during the 2nd quarter valued at approximately $205,000. BlueCrest Capital Management Ltd purchased a new stake in BPC Acquisition Corp during the 1st quarter valued at approximately $218,000. Tocqueville Asset Management L.P. purchased a new stake in BPC Acquisition Corp during the 2nd quarter valued at approximately $228,000. Finally, Oakbrook Investments LLC purchased a new stake in BPC Acquisition Corp during the 3rd quarter valued at approximately $246,000. 94.20% of the stock is owned by hedge funds and other institutional investors.
About BPC Acquisition Corp
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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