Berry Global Group Inc (NYSE:BERY) Stock Position Lifted by Marshall Wace North America L.P.

Marshall Wace North America L.P. boosted its stake in shares of Berry Global Group Inc (NYSE:BERY) by 22.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,301,974 shares of the industrial products company’s stock after purchasing an additional 780,573 shares during the period. Berry Global Group comprises approximately 1.4% of Marshall Wace North America L.P.’s holdings, making the stock its 14th largest position. Marshall Wace North America L.P.’s holdings in Berry Global Group were worth $226,241,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC lifted its stake in Berry Global Group by 66.7% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 500 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 200 shares during the last quarter. Captrust Financial Advisors lifted its stake in Berry Global Group by 10.9% in the second quarter. Captrust Financial Advisors now owns 3,667 shares of the industrial products company’s stock valued at $193,000 after acquiring an additional 359 shares during the last quarter. Ingalls & Snyder LLC lifted its stake in Berry Global Group by 3.4% in the second quarter. Ingalls & Snyder LLC now owns 13,845 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 450 shares during the last quarter. Bank of Nova Scotia lifted its stake in Berry Global Group by 2.4% in the second quarter. Bank of Nova Scotia now owns 20,488 shares of the industrial products company’s stock valued at $1,077,000 after acquiring an additional 488 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Berry Global Group by 21.6% in the first quarter. SG Americas Securities LLC now owns 2,774 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 492 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Berry Global Group stock traded down $0.10 on Wednesday, reaching $39.41. The stock had a trading volume of 6,473 shares, compared to its average volume of 900,174. The business’s 50-day moving average price is $40.82 and its two-hundred day moving average price is $49.94. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.14 and a current ratio of 1.88. Berry Global Group Inc has a fifty-two week low of $37.94 and a fifty-two week high of $59.16. The stock has a market cap of $5.26 billion, a P/E ratio of 11.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.24.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.90 earnings per share 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 firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Berry Global Group’s quarterly revenue was down 6.5% compared to the same quarter last year. As a group, equities analysts forecast that Berry Global Group Inc will post 3.41 earnings per share for the current fiscal year.

A number of analysts have issued reports on BERY shares. Bank of America cut shares of Berry Global Group from a “buy” rating to a “neutral” rating in a research note on Friday, July 12th. Zacks Investment Research upgraded shares of Berry Global Group from a “sell” rating to a “hold” rating and set a $57.00 target price for the company in a research note on Monday, July 8th. ValuEngine cut shares of Berry Global Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Wells Fargo & Co assumed coverage on shares of Berry Global Group in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $65.00 target price for the company. Finally, TheStreet cut shares of Berry Global Group from a “b” rating to a “c+” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $60.86.

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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