Curt Begle Sells 6,397 Shares of BPC Acquisition Corp (BERY) Stock
BPC Acquisition Corp (NYSE:BERY) President Curt Begle sold 6,397 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $60.04, for a total value of $384,075.88. Following the sale, the president now directly owns 6,397 shares in the company, valued at approximately $384,075.88. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Curt Begle also recently made the following trade(s):
- On Monday, October 23rd, Curt Begle sold 5,440 shares of BPC Acquisition Corp stock. The stock was sold at an average price of $60.03, for a total value of $326,563.20.
- On Friday, October 20th, Curt Begle sold 22,541 shares of BPC Acquisition Corp stock. The stock was sold at an average price of $60.01, for a total value of $1,352,685.41.
BPC Acquisition Corp (NYSE BERY) traded down 1.163% during midday trading on Friday, reaching $59.935. The company had a trading volume of 349,630 shares. BPC Acquisition Corp has a 52-week low of $42.74 and a 52-week high of $60.60. The company has a market capitalization of $7.82 billion, a P/E ratio of 25.450 and a beta of 1.08. The company’s 50 day moving average is $57.65 and its 200-day moving average is $56.41.
BPC Acquisition Corp (NYSE:BERY) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 15.9% on a year-over-year basis. Equities analysts expect that BPC Acquisition Corp will post $3.04 earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of BERY. Acrospire Investment Management LLC boosted its stake in BPC Acquisition Corp by 315.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 1,600 shares during the period. CrestPoint Capital Management LLC acquired a new position in BPC Acquisition Corp in the 2nd quarter worth approximately $205,000. BlueCrest Capital Management Ltd acquired a new position in BPC Acquisition Corp in the 1st quarter worth approximately $218,000. Tocqueville Asset Management L.P. acquired a new position in BPC Acquisition Corp in the 2nd quarter worth approximately $228,000. Finally, Oakbrook Investments LLC acquired a new position in BPC Acquisition Corp in the 3rd quarter worth approximately $246,000. 94.20% of the stock is owned by hedge funds and other institutional investors.
BERY has been the topic of several research analyst reports. BidaskClub lowered BPC Acquisition Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. UBS AG initiated coverage on BPC Acquisition Corp in a research note on Tuesday, July 25th. They set a “buy” rating and a $67.00 price target on the stock. SunTrust Banks, Inc. reissued a “buy” rating and set a $65.00 price target on shares of BPC Acquisition Corp in a research note on Monday, October 2nd. Zacks Investment Research lowered BPC Acquisition Corp from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Finally, Citigroup Inc. reissued a “buy” rating on shares of BPC Acquisition Corp in a research note on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. BPC Acquisition Corp currently has an average rating of “Buy” and an average target price of $64.08.
BPC Acquisition Corp Company Profile
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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