Coombe Bender & Co LLC raised its position in shares of Berry Global Group, Inc. (NYSE:BERY – Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,248 shares of the industrial products company’s stock after acquiring an additional 1,023 shares during the period. Coombe Bender & Co LLC’s holdings in Berry Global Group were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in Berry Global Group during the fourth quarter valued at $31,000. First Horizon Advisors Inc. boosted its stake in shares of Berry Global Group by 69.6% during the third quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 224 shares during the period. Blue Trust Inc. boosted its stake in shares of Berry Global Group by 203.7% during the fourth quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 436 shares during the period. CWM LLC lifted its stake in Berry Global Group by 200.0% in the fourth quarter. CWM LLC now owns 1,575 shares of the industrial products company’s stock worth $106,000 after acquiring an additional 1,050 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Berry Global Group in the third quarter worth about $101,000. Institutional investors own 95.36% of the company’s stock.
Berry Global Group Stock Up 0.8 %
Shares of BERY traded up $0.46 during midday trading on Thursday, hitting $58.25. The company had a trading volume of 220,924 shares, compared to its average volume of 1,107,461. The company’s 50-day simple moving average is $58.63 and its 200-day simple moving average is $61.44. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.95 and a current ratio of 1.67. The firm has a market capitalization of $6.75 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.77 and a beta of 1.24. Berry Global Group, Inc. has a 1 year low of $53.83 and a 1 year high of $69.93.
Insider Transactions at Berry Global Group
In other Berry Global Group news, Director Peter T. Thomas bought 2,000 shares of Berry Global Group stock in a transaction on Thursday, February 8th. The stock was bought at an average price of $56.00 per share, with a total value of $112,000.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at $112,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Peter T. Thomas purchased 2,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $112,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan F. Foster purchased 1,000 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $58.49 per share, with a total value of $58,490.00. Following the transaction, the director now owns 5,728 shares of the company’s stock, valued at $335,030.72. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on BERY. Royal Bank of Canada reiterated a “sector perform” rating and issued a $62.00 target price (down from $72.00) on shares of Berry Global Group in a report on Friday, March 15th. Wolfe Research initiated coverage on shares of Berry Global Group in a report on Friday, March 1st. They set a “peer perform” rating on the stock. Mizuho cut their price objective on shares of Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. TheStreet downgraded shares of Berry Global Group from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Finally, Truist Financial reiterated a “hold” rating and issued a $68.00 price target (down previously from $75.00) on shares of Berry Global Group in a report on Wednesday, March 27th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.00.
Check Out Our Latest Research Report on BERY
About Berry Global Group
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.
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