DSC Advisors L.P. lowered its position in shares of Berry Global Group Inc (NYSE:BERY) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,584 shares of the industrial products company’s stock after selling 27,416 shares during the quarter. Berry Global Group accounts for about 3.5% of DSC Advisors L.P.’s holdings, making the stock its 11th largest position. DSC Advisors L.P. owned approximately 0.08% of Berry Global Group worth $6,019,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Berry Global Group during the fourth quarter valued at approximately $111,000. Cerebellum GP LLC acquired a new stake in shares of Berry Global Group during the fourth quarter valued at approximately $123,000. American International Group Inc. acquired a new stake in shares of Berry Global Group during the fourth quarter valued at approximately $180,000. Crossmark Global Holdings Inc. acquired a new position in Berry Global Group in the 4th quarter valued at approximately $207,000. Finally, MAI Capital Management acquired a new position in Berry Global Group in the 4th quarter valued at approximately $218,000. Institutional investors and hedge funds own 94.86% of the company’s stock.
Shares of Berry Global Group Inc (NYSE:BERY) opened at $56.29 on Wednesday. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.72 and a quick ratio of 0.96. The company has a market cap of $7,380.00, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. Berry Global Group Inc has a 1 year low of $47.19 and a 1 year high of $61.71.
Several research firms have weighed in on BERY. Zacks Investment Research upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Tuesday, February 6th. SunTrust Banks upped their price objective on shares of Berry Global Group to $69.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Citigroup upped their price objective on shares of Berry Global Group from $68.00 to $71.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Barclays dropped their price objective on shares of Berry Global Group from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, February 12th. Finally, Robert W. Baird upped their price objective on shares of Berry Global Group from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. Berry Global Group presently has a consensus rating of “Buy” and a consensus price target of $68.00.
In other Berry Global Group news, Director Paula A. Sneed bought 1,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was bought at an average cost of $53.63 per share, with a total value of $53,630.00. Following the completion of the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $56,311.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.00% of the company’s stock.
About Berry Global Group
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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