Russell Investments Group Ltd. lessened its holdings in Berry Global Group Inc (NYSE:BERY) by 46.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,950 shares of the industrial products company’s stock after selling 32,103 shares during the period. Russell Investments Group Ltd.’s holdings in Berry Global Group were worth $1,697,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Koch Industries Inc. purchased a new position in Berry Global Group in the 1st quarter valued at approximately $233,000. IBM Retirement Fund purchased a new position in Berry Global Group in the 1st quarter valued at approximately $247,000. Atria Investments LLC purchased a new stake in shares of Berry Global Group during the 2nd quarter worth $212,000. Strategic Global Advisors LLC purchased a new stake in shares of Berry Global Group during the 1st quarter worth $270,000. Finally, TLP Group LLC lifted its position in shares of Berry Global Group by 75.0% during the 1st quarter. TLP Group LLC now owns 5,599 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 2,400 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

BERY has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. ValuEngine raised shares of Berry Global Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 13th. Cfra reaffirmed a “buy” rating and set a $57.00 price objective on shares of Berry Global Group in a research report on Thursday, September 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Berry Global Group in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $65.75.

Berry Global Group stock opened at $48.42 on Thursday. The firm has a market cap of $6.28 billion, a PE ratio of 14.40, a PEG ratio of 0.71 and a beta of 1.05. Berry Global Group Inc has a 12-month low of $45.24 and a 12-month high of $61.71. The company has a debt-to-equity ratio of 4.41, a current ratio of 2.01 and a quick ratio of 1.19.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Friday, August 3rd. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.09). The firm had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Berry Global Group had a return on equity of 35.88% and a net margin of 6.15%. Berry Global Group’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. sell-side analysts forecast that Berry Global Group Inc will post 3.36 earnings per share for the current year.

Berry Global Group Profile

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.

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

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