Nomura Holdings Inc. decreased its position in shares of Berry Plastics Group Inc. (NYSE:BERY) by 89.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,400 shares of the company’s stock after selling 44,600 shares during the period. Nomura Holdings Inc.’s holdings in Berry Plastics Group were worth $209,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in BERY. Hancock Holding Co. raised its stake in Berry Plastics Group by 11.7% in the first quarter. Hancock Holding Co. now owns 24,105 shares of the company’s stock worth $871,000 after buying an additional 2,534 shares in the last quarter. Newbrook Capital Advisors LP bought a new stake in shares of Berry Plastics Group during the first quarter worth about $76,125,000. Goldman Sachs Group Inc. increased its stake in shares of Berry Plastics Group by 33.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,169,686 shares of the company’s stock worth $114,584,000 after buying an additional 789,332 shares during the last quarter. Nicholas Investment Partners LP increased its stake in shares of Berry Plastics Group by 16.9% in the first quarter. Nicholas Investment Partners LP now owns 163,081 shares of the company’s stock worth $5,895,000 after buying an additional 23,603 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Berry Plastics Group during the first quarter worth about $4,110,000. Institutional investors and hedge funds own 96.50% of the company’s stock.
Shares of Berry Plastics Group Inc. (NYSE:BERY) opened at 43.85 on Friday. The firm’s 50-day moving average is $44.52 and its 200-day moving average is $39.56. Berry Plastics Group Inc. has a 1-year low of $27.79 and a 1-year high of $46.26. The company has a market cap of $5.33 billion, a PE ratio of 26.23 and a beta of 1.06.
Berry Plastics Group (NYSE:BERY) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.21. Berry Plastics Group had a net margin of 3.41% and a return on equity of 1,464.14%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, equities analysts forecast that Berry Plastics Group Inc. will post $2.34 earnings per share for the current fiscal year.
A number of brokerages have recently issued reports on BERY. SunTrust Banks Inc. began coverage on shares of Berry Plastics Group in a report on Tuesday, July 12th. They set a “neutral” rating and a $42.00 price target on the stock. BMO Capital Markets raised their price target on shares of Berry Plastics Group from $37.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, August 26th. Credit Suisse Group AG raised their price target on shares of Berry Plastics Group from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, August 12th. Barclays PLC began coverage on shares of Berry Plastics Group in a report on Wednesday, June 15th. They set an “overweight” rating and a $45.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of Berry Plastics Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $48.38.
In other news, President Curt Begle sold 16,143 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $42.07, for a total transaction of $679,136.01. Following the transaction, the president now owns 45,263 shares in the company, valued at $1,904,214.41. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.
About Berry Plastics Group
Berry Plastics Group, Inc is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles.
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