Signature Estate & Investment Advisors LLC boosted its stake in BPC Acquisition Corp (NYSE:BERY) by 17.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,000 shares of the industrial products company’s stock after buying an additional 1,654 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in BPC Acquisition Corp were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BERY. State of Tennessee Treasury Department purchased a new stake in BPC Acquisition Corp in the 2nd quarter valued at $20,070,000. Victory Capital Management Inc. increased its position in shares of BPC Acquisition Corp by 119.5% during the 3rd quarter. Victory Capital Management Inc. now owns 322,350 shares of the industrial products company’s stock valued at $18,261,000 after purchasing an additional 175,522 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of BPC Acquisition Corp by 16.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 689,266 shares of the industrial products company’s stock valued at $33,476,000 after purchasing an additional 96,234 shares during the last quarter. Origin Asset Management LLP increased its position in shares of BPC Acquisition Corp by 25.0% during the 2nd quarter. Origin Asset Management LLP now owns 399,688 shares of the industrial products company’s stock valued at $22,786,000 after purchasing an additional 80,000 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in shares of BPC Acquisition Corp by 436.8% during the 1st quarter. Janus Capital Management LLC now owns 81,600 shares of the industrial products company’s stock valued at $3,963,000 after purchasing an additional 66,400 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

BPC Acquisition Corp (NYSE BERY) traded up $1.03 during trading on Tuesday, reaching $58.57. The company had a trading volume of 1,150,300 shares, compared to its average volume of 1,011,862. The stock has a market capitalization of $7,640.00, a PE ratio of 19.50, a PEG ratio of 0.84 and a beta of 1.08. The company has a debt-to-equity ratio of 6.91, a quick ratio of 1.09 and a current ratio of 1.82. BPC Acquisition Corp has a 12 month low of $44.25 and a 12 month high of $60.70.

Several equities research analysts recently weighed in on the company. Barclays PLC lifted their price objective on BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. ValuEngine downgraded BPC Acquisition Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Robert W. Baird reiterated a “buy” rating and set a $65.00 price target on shares of BPC Acquisition Corp in a research report on Friday, September 1st. BidaskClub upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $67.00 price target on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $64.08.

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In related news, President Curt Begle sold 22,541 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $60.01, for a total transaction of $1,352,685.41. Following the completion of the sale, the president now owns 17,189 shares in the company, valued at $1,031,511.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 34,378 shares of company stock valued at $2,063,324. 3.11% of the stock is owned by company insiders.

BPC Acquisition Corp Company 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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Institutional Ownership by Quarter for BPC Acquisition Corp (NYSE:BERY)

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