Castleark Management LLC purchased a new stake in Ball Corporation (NYSE:BLL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,090 shares of the industrial products company’s stock, valued at approximately $257,000.

Other hedge funds have also modified their holdings of the company. Wedge Capital Management L L P NC boosted its position in Ball Corporation by 75.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 193,962 shares of the industrial products company’s stock valued at $8,187,000 after buying an additional 83,293 shares during the period. Thomas White International Ltd. lifted its position in shares of Ball Corporation by 100.0% during the 2nd quarter. Thomas White International Ltd. now owns 27,410 shares of the industrial products company’s stock worth $1,157,000 after purchasing an additional 13,705 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Ball Corporation by 111.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,936,002 shares of the industrial products company’s stock worth $630,447,000 after purchasing an additional 7,881,436 shares during the last quarter. KBC Group NV lifted its position in shares of Ball Corporation by 100.0% during the 2nd quarter. KBC Group NV now owns 53,272 shares of the industrial products company’s stock worth $2,248,000 after purchasing an additional 26,636 shares during the last quarter. Finally, Fragasso Group Inc. lifted its position in shares of Ball Corporation by 79.9% during the 2nd quarter. Fragasso Group Inc. now owns 37,740 shares of the industrial products company’s stock worth $1,593,000 after purchasing an additional 16,761 shares during the last quarter. 86.32% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on BLL shares. Vertical Group reaffirmed a “hold” rating and set a $43.00 price objective (up from $41.50) on shares of Ball Corporation in a research report on Wednesday, August 9th. Royal Bank Of Canada started coverage on shares of Ball Corporation in a research report on Monday, October 9th. They set an “outperform” rating and a $46.00 price objective for the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 price objective (up from $44.00) on shares of Ball Corporation in a research report on Tuesday, July 18th. BidaskClub cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Ball Corporation from a “hold” rating to a “sell” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Ball Corporation presently has an average rating of “Hold” and an average price target of $44.23.

In other Ball Corporation news, SVP Lisa Ann Pauley sold 39,241 shares of the stock in a transaction on Friday, August 25th. The shares were sold at an average price of $39.10, for a total transaction of $1,534,323.10. Following the transaction, the senior vice president now directly owns 108,905 shares in the company, valued at approximately $4,258,185.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeff A. Knobel sold 5,218 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $40.12, for a total transaction of $209,346.16. Following the transaction, the vice president now owns 68,138 shares in the company, valued at $2,733,696.56. The disclosure for this sale can be found here. Insiders sold 129,601 shares of company stock valued at $5,260,953 over the last 90 days. Insiders own 2.70% of the company’s stock.

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Ball Corporation (NYSE:BLL) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. Ball Corporation’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.05 earnings per share.

Ball Corporation Profile

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

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Institutional Ownership by Quarter for Ball Corporation (NYSE:BLL)

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