Bank of Montreal Can Sells 50,112 Shares of Berry Global Group Inc (BERY)
Bank of Montreal Can decreased its holdings in Berry Global Group Inc (NYSE:BERY) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,210,664 shares of the industrial products company’s stock after selling 50,112 shares during the period. Bank of Montreal Can’s holdings in Berry Global Group were worth $105,073,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in BERY. Meeder Asset Management Inc. acquired a new stake in shares of Berry Global Group during the 4th quarter worth approximately $39,000. Cornerstone Advisors Inc. increased its holdings in shares of Berry Global Group by 42.6% during the 3rd quarter. Cornerstone Advisors Inc. now owns 900 shares of the industrial products company’s stock worth $44,000 after buying an additional 269 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Berry Global Group during the 2nd quarter worth approximately $105,000. First Hawaiian Bank acquired a new stake in shares of Berry Global Group during the 3rd quarter worth approximately $129,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Berry Global Group during the 3rd quarter worth approximately $145,000. Institutional investors own 95.89% of the company’s stock.
Berry Global Group stock opened at $50.63 on Wednesday. Berry Global Group Inc has a fifty-two week low of $40.50 and a fifty-two week high of $60.40. The company has a debt-to-equity ratio of 4.05, a current ratio of 1.85 and a quick ratio of 1.13. The company has a market capitalization of $6.58 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.80 and a beta of 1.11.
BERY has been the subject of a number of recent analyst reports. Zacks Investment Research restated a “sell” rating on shares of Berry Global Group in a report on Monday, November 12th. Citigroup raised their price target on shares of Berry Global Group from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 16th. TheStreet downgraded shares of Berry Global Group from a “b” rating to a “c+” rating in a report on Monday, October 29th. ValuEngine upgraded shares of Berry Global Group from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. Finally, Morgan Stanley initiated coverage on shares of Berry Global Group in a report on Wednesday, January 16th. They set an “equal weight” rating and a $53.00 price target for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $61.75.
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Berry Global Group 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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