Raymond James Financial Services Advisors Inc. lifted its stake in Berry Global Group Inc (NYSE:BERY) by 50.3% during the fourth quarter, Holdings Channel reports. The fund owned 15,874 shares of the industrial products company’s stock after purchasing an additional 5,310 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Berry Global Group were worth $931,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of BERY. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Berry Global Group in the fourth quarter worth $111,000. Cerebellum GP LLC acquired a new position in shares of Berry Global Group in the fourth quarter worth $123,000. Crossmark Global Holdings Inc. acquired a new position in shares of Berry Global Group in the fourth quarter worth $207,000. MAI Capital Management acquired a new position in shares of Berry Global Group in the fourth quarter worth $218,000. Finally, Eagle Boston Investment Management Inc. acquired a new position in shares of Berry Global Group in the fourth quarter worth $248,000. 94.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Berry Global Group Inc (BERY) opened at $55.71 on Monday. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 4.69. Berry Global Group Inc has a fifty-two week low of $47.19 and a fifty-two week high of $61.71. The stock has a market cap of $7,309.15, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.73 and a beta of 1.04.
In other news, Director Paula A. Sneed purchased 1,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was bought at an average cost of $53.63 per share, for a total transaction of $53,630.00. Following the completion of the acquisition, the director now directly owns 1,050 shares of the company’s stock, valued at $56,311.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by corporate insiders.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays decreased their price objective on shares of Berry Global Group from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, February 12th. Bank of America upped their price objective on shares of Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. BidaskClub cut shares of Berry Global Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Finally, BMO Capital Markets upped their price objective on shares of Berry Global Group from $63.00 to $65.00 and gave the stock a “market perform” rating in a 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 given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $68.00.
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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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