Park West Asset Management LLC purchased a new stake in shares of Berry Global Group Inc (NYSE:BERY) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 921,016 shares of the industrial products company’s stock, valued at approximately $50,481,000. Berry Global Group accounts for 2.2% of Park West Asset Management LLC’s holdings, making the stock its 13th largest position. Park West Asset Management LLC owned about 0.70% of Berry Global Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Luminus Management LLC raised its stake in shares of Berry Global Group by 54.9% during the fourth quarter. Luminus Management LLC now owns 3,815,703 shares of the industrial products company’s stock valued at $223,867,000 after acquiring an additional 1,352,044 shares during the last quarter. Millennium Management LLC raised its stake in shares of Berry Global Group by 74.8% during the fourth quarter. Millennium Management LLC now owns 1,639,148 shares of the industrial products company’s stock valued at $96,169,000 after acquiring an additional 701,620 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Berry Global Group by 13.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 3,549,158 shares of the industrial products company’s stock valued at $194,529,000 after acquiring an additional 417,585 shares during the last quarter. Epoch Investment Partners Inc. raised its stake in shares of Berry Global Group by 68.3% during the first quarter. Epoch Investment Partners Inc. now owns 895,964 shares of the industrial products company’s stock valued at $49,108,000 after acquiring an additional 363,664 shares during the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of Berry Global Group by 113.6% during the fourth quarter. Two Sigma Investments LP now owns 632,471 shares of the industrial products company’s stock valued at $37,107,000 after acquiring an additional 336,409 shares during the last quarter. Institutional investors and hedge funds own 93.78% of the company’s stock.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Berry Global Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. Credit Suisse Group lowered their price objective on shares of Berry Global Group from $73.00 to $71.00 and set an “outperform” rating for the company in a research note on Friday, April 27th. Vertical Research assumed coverage on shares of Berry Global Group in a research note on Thursday, April 12th. They set a “buy” rating for the company. Citigroup lowered their price objective on shares of Berry Global Group from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, April 5th. Finally, ValuEngine downgraded shares of Berry Global Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Berry Global Group has an average rating of “Buy” and a consensus target price of $66.58.

Berry Global Group opened at $46.37 on Thursday, Marketbeat reports. Berry Global Group Inc has a 1 year low of $46.30 and a 1 year high of $61.71. The stock has a market capitalization of $6.29 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.66 and a beta of 1.00. The company has a quick ratio of 1.13, a current ratio of 1.95 and a debt-to-equity ratio of 4.59.

Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.03). Berry Global Group had a return on equity of 41.40% and a net margin of 6.24%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company earned $0.79 earnings per share. Berry Global Group’s quarterly revenue was up 8.9% on a year-over-year basis. equities analysts anticipate that Berry Global Group Inc will post 3.64 earnings per share for the current fiscal year.

About Berry Global Group

Berry Global Group, Inc manufactures and distributes engineered materials, nonwoven specialty materials, and consumer packaging products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. It 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, vinyl-coated and carton sealing, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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

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