Capital Fund Management S.A. Has $4.67 Million Stake in Berry Global Group Inc (BERY)

Capital Fund Management S.A. cut its position in shares of Berry Global Group Inc (NYSE:BERY) by 40.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,141 shares of the industrial products company’s stock after selling 65,179 shares during the period. Capital Fund Management S.A. owned 0.07% of Berry Global Group worth $4,670,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Advisor Group Inc. raised its position in Berry Global Group by 14.0% in the third quarter. Advisor Group Inc. now owns 2,434 shares of the industrial products company’s stock worth $107,000 after buying an additional 299 shares during the period. First Quadrant L P CA acquired a new position in Berry Global Group during the first quarter worth $144,000. Pacer Advisors Inc. raised its position in Berry Global Group by 31.8% in the third quarter. Pacer Advisors Inc. now owns 4,095 shares of the industrial products company’s stock worth $180,000 after buying an additional 987 shares during the period. FTB Advisors Inc. raised its position in Berry Global Group by 809.5% in the first quarter. FTB Advisors Inc. now owns 3,811 shares of the industrial products company’s stock worth $185,000 after buying an additional 3,392 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its position in Berry Global Group by 2.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock worth $194,000 after buying an additional 111 shares during the period. 96.56% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Berry Global Group had a net margin of 4.44% and a return on equity of 192.84%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/05/19/berry-global-group-inc-bery-stake-cut-by-capital-fund-management-s-a-updated.html.

BERY has been the topic of a number of research reports. Zacks Investment Research lowered shares of Berry Global Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Citigroup Inc reissued a “buy” rating on shares of Berry Global Group in a research note on Tuesday, March 7th. Royal Bank of Canada restated a “buy” rating and set a $60.00 price target on shares of Berry Global Group in a report on Tuesday, April 11th. Deutsche Bank AG raised their price target on shares of Berry Global Group from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Finally, Jefferies Group LLC raised their price target on shares of Berry Global Group from $59.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.00.

In other Berry Global Group news, Director Carl J. Rickertsen sold 29,500 shares of Berry Global Group stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $56.35, for a total value of $1,662,325.00. Following the completion of the sale, the director now directly owns 15,119 shares in the company, valued at $851,955.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Curt Begle sold 18,000 shares of Berry Global Group stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $55.23, for a total transaction of $994,140.00. Following the completion of the sale, the president now owns 31,200 shares of the company’s stock, valued at $1,723,176. The disclosure for this sale can be found here. Company insiders own 3.11% of the company’s stock.

Berry Global Group 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.

5 Day Chart for NYSE:BERY

Receive News & Ratings for Berry Global Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply