Newbrook Capital Advisors LP lifted its stake in shares of Berry Global Group Inc (NYSE:BERY) by 0.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,361,773 shares of the industrial products company’s stock after buying an additional 2,088 shares during the period. Berry Global Group accounts for about 5.4% of Newbrook Capital Advisors LP’s investment portfolio, making the stock its 9th largest position. Newbrook Capital Advisors LP’s holdings in Berry Global Group were worth $79,895,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Elkfork Partners LLC acquired a new position in Berry Global Group during the fourth quarter worth about $2,119,000. TIAA CREF Investment Management LLC boosted its position in Berry Global Group by 3.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 5,857,695 shares of the industrial products company’s stock worth $343,671,000 after acquiring an additional 210,107 shares during the last quarter. Teachers Advisors LLC boosted its position in Berry Global Group by 6.0% during the fourth quarter. Teachers Advisors LLC now owns 1,131,696 shares of the industrial products company’s stock worth $66,397,000 after acquiring an additional 63,592 shares during the last quarter. Luminus Management LLC boosted its position in Berry Global Group by 54.9% during the fourth quarter. Luminus Management LLC now owns 3,815,703 shares of the industrial products company’s stock worth $223,867,000 after acquiring an additional 1,352,044 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in Berry Global Group by 113.6% during the fourth 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. 94.86% of the stock is owned by institutional investors and hedge funds.

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A number of research firms recently weighed in on BERY. Robert W. Baird boosted their price target on shares of Berry Global Group from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Deutsche Bank boosted their price target on shares of Berry Global Group from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, November 17th. Royal Bank of Canada boosted their price target on shares of Berry Global Group from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, November 20th. BMO Capital Markets boosted their price target on shares of Berry Global Group from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Monday, November 20th. Finally, Citigroup boosted their price target on shares of Berry Global Group from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $68.00.

In related news, Director Paula A. Sneed purchased 1,000 shares of Berry Global Group stock in a transaction dated Monday, March 5th. The shares were acquired at an average cost of $53.63 per share, with a total value of $53,630.00. Following the purchase, the director now owns 1,050 shares of the company’s stock, valued at $56,311.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Berry Global Group Inc (NYSE BERY) opened at $56.29 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 4.69. The firm has a market cap of $7,380.00, a PE ratio of 21.32, 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.

Berry Global Group (NYSE:BERY) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Berry Global Group had a net margin of 6.13% and a return on equity of 47.10%. Berry Global Group’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 EPS. equities research analysts predict that Berry Global Group Inc will post 3.79 earnings per share for the current fiscal year.

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

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