Voloridge Investment Management LLC acquired a new stake in Berry Global Group Inc (NYSE:BERY) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 86,569 shares of the industrial products company’s stock, valued at approximately $3,400,000. Voloridge Investment Management LLC owned approximately 0.07% of Berry Global Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BERY. Eminence Capital LP boosted its stake in Berry Global Group by 11.6% during the 2nd quarter. Eminence Capital LP now owns 12,280,431 shares of the industrial products company’s stock valued at $645,828,000 after purchasing an additional 1,274,346 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Berry Global Group by 2.2% in the second quarter. Vanguard Group Inc. now owns 11,896,672 shares of the industrial products company’s stock valued at $625,646,000 after purchasing an additional 260,484 shares in the last quarter. Canyon Capital Advisors LLC boosted its position in shares of Berry Global Group by 19.2% during the third quarter. Canyon Capital Advisors LLC now owns 6,898,188 shares of the industrial products company’s stock valued at $270,892,000 after buying an additional 1,111,475 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Berry Global Group during the 2nd quarter valued at $327,078,000. Finally, Marshall Wace North America L.P. boosted its holdings in shares of Berry Global Group by 22.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 4,301,974 shares of the industrial products company’s stock worth $226,241,000 after buying an additional 780,573 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Several brokerages have commented on BERY. Citigroup lowered their price objective on shares of Berry Global Group from $59.00 to $58.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Goldman Sachs Group reiterated a “buy” rating and issued a $52.00 target price on shares of Berry Global Group in a research note on Thursday, August 22nd. ValuEngine raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Bank of America upgraded shares of Berry Global Group from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Wednesday, September 25th. They noted that the move was a valuation call. Finally, Morgan Stanley reaffirmed a “hold” rating and issued a $51.00 price target (up previously from $49.00) on shares of Berry Global Group in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.88.

Shares of NYSE BERY opened at $46.67 on Tuesday. The company has a debt-to-equity ratio of 6.96, a current ratio of 1.84 and a quick ratio of 1.19. The stock has a market capitalization of $6.17 billion, a PE ratio of 13.69, a P/E/G ratio of 0.99 and a beta of 1.27. Berry Global Group Inc has a one year low of $36.98 and a one year high of $59.16. The business’s fifty day moving average price is $42.36 and its 200-day moving average price is $44.79.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Thursday, November 21st. The industrial products company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.16. Berry Global Group had a return on equity of 29.77% and a net margin of 4.55%. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 47.0% on a year-over-year basis. As a group, equities analysts expect that Berry Global Group Inc will post 4.04 EPS for the current fiscal year.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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

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