Westfield Capital Management Co. LP Sells 27,124 Shares of Berry Global Group Inc (NYSE:BERY)

Westfield Capital Management Co. LP lessened its stake in Berry Global Group Inc (NYSE:BERY) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 696,307 shares of the industrial products company’s stock after selling 27,124 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Berry Global Group were worth $36,619,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BERY. Mark Sheptoff Financial Planning LLC raised its position in Berry Global Group by 66.7% in the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 500 shares of the industrial products company’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Ingalls & Snyder LLC raised its stake in Berry Global Group by 3.4% during the 2nd quarter. Ingalls & Snyder LLC now owns 13,845 shares of the industrial products company’s stock valued at $728,000 after buying an additional 450 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Berry Global Group by 21.6% in the 1st quarter. SG Americas Securities LLC now owns 2,774 shares of the industrial products company’s stock worth $149,000 after buying an additional 492 shares during the last quarter. Virginia Retirement Systems ET AL increased its position in Berry Global Group by 2.1% in the second quarter. Virginia Retirement Systems ET AL now owns 24,100 shares of the industrial products company’s stock worth $1,267,000 after buying an additional 500 shares in the last quarter. Finally, Icon Wealth Partners LLC purchased a new position in shares of Berry Global Group during the 1st quarter valued at $27,000. Institutional investors and hedge funds own 94.80% of the company’s stock.

Several equities research analysts have recently weighed in on BERY shares. TheStreet downgraded Berry Global Group from a “b” rating to a “c+” rating in a report on Tuesday, July 30th. Goldman Sachs Group reaffirmed a “buy” rating and set a $52.00 price target on shares of Berry Global Group in a research report on Thursday, August 22nd. Bank of America lowered shares of Berry Global Group from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. ValuEngine downgraded shares of Berry Global Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. started coverage on Berry Global Group in a report on Tuesday, July 16th. They issued an “overweight” rating and a $63.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Berry Global Group presently has a consensus rating of “Hold” and an average price target of $60.86.

Shares of BERY traded down $0.86 during mid-day trading on Wednesday, reaching $38.81. 36,959 shares of the stock traded hands, compared to its average volume of 1,034,878. The stock has a fifty day simple moving average of $42.52 and a 200 day simple moving average of $50.32. Berry Global Group Inc has a 12-month low of $37.94 and a 12-month high of $59.16. The company has a quick ratio of 1.14, a current ratio of 1.88 and a debt-to-equity ratio of 3.52. The firm has a market cap of $5.20 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 0.96 and a beta of 1.24.

Berry Global Group (NYSE:BERY) last announced its earnings results on Tuesday, July 30th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.10). Berry Global Group had a return on equity of 30.65% and a net margin of 3.89%. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts expect that Berry Global Group Inc will post 3.41 earnings per share for the current fiscal year.

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

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