HBK Investments L P lessened its holdings in Berry Global Group Inc (NYSE:BERY) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,400 shares of the industrial products company’s stock after selling 22,800 shares during the quarter. HBK Investments L P owned approximately 0.12% of Berry Global Group worth $8,941,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of BERY. Atlantic Trust Group LLC boosted its stake in Berry Global Group by 184.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 861,120 shares of the industrial products company’s stock worth $48,784,000 after acquiring an additional 558,411 shares during the last quarter. Renaissance Group LLC bought a new position in Berry Global Group during the 4th quarter worth approximately $27,153,000. Two Sigma Investments LP boosted its stake in Berry Global Group by 113.6% during the 4th quarter. Two Sigma Investments LP now owns 632,471 shares of the industrial products company’s stock worth $37,107,000 after acquiring an additional 336,409 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Berry Global Group by 19.5% during the 4th quarter. Alliancebernstein L.P. now owns 1,946,566 shares of the industrial products company’s stock worth $114,205,000 after acquiring an additional 317,824 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Berry Global Group by 14.6% during the 4th quarter. Renaissance Technologies LLC now owns 1,510,305 shares of the industrial products company’s stock worth $88,610,000 after acquiring an additional 192,500 shares during the last quarter. 94.86% of the stock is currently owned by institutional investors.
Shares of Berry Global Group Inc (BERY) opened at $56.29 on Wednesday. The company has a debt-to-equity ratio of 4.69, a quick ratio of 0.96 and a current ratio of 1.72. The company has a market cap of $7,317.02, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 0.74 and a beta of 1.04. Berry Global Group Inc has a fifty-two week low of $47.19 and a fifty-two week high of $61.71.
In other Berry Global Group news, Director Paula A. Sneed acquired 1,000 shares of the stock in a transaction dated Monday, March 5th. The shares were bought at an average cost of $53.63 per share, for a total transaction of $53,630.00. Following the completion of the acquisition, the director now directly owns 1,050 shares of the company’s stock, valued at $56,311.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Berry Global Group from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research note on Monday, February 12th. Barclays reduced 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. Bank of America lifted their price objective on shares of Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. BMO Capital Markets raised shares of Berry Global Group from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 24th. Finally, SunTrust Banks raised their target price on shares of Berry Global Group to $69.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $68.00.
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Berry Global Group 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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