8,961 Shares in Berry Global Group, Inc. (NYSE:BERY) Acquired by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. bought a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,961 shares of the industrial products company's stock, valued at approximately $580,000.

Other hedge funds have also modified their holdings of the company. AQR Arbitrage LLC bought a new stake in shares of Berry Global Group in the 4th quarter valued at about $53,950,000. Schonfeld Strategic Advisors LLC increased its holdings in Berry Global Group by 4,027.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 160,557 shares of the industrial products company's stock worth $10,383,000 after buying an additional 156,667 shares during the period. Paloma Partners Management Co acquired a new stake in Berry Global Group during the 4th quarter worth about $616,000. Pentwater Capital Management LP purchased a new stake in Berry Global Group during the fourth quarter worth $18,302,000. Finally, TIG Advisors LLC purchased a new stake in Berry Global Group in the 4th quarter worth $1,566,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Berry Global Group in a report on Sunday. They issued a "buy" rating for the company. UBS Group lifted their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Finally, Truist Financial decreased their price target on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $75.13.

Berry Global Group Stock Down 2.8 %

BERY stock traded down $1.94 during trading hours on Thursday, hitting $67.69. The company's stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,400,026. The stock has a 50 day moving average price of $68.59 and a two-hundred day moving average price of $68.53. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24. The company has a market capitalization of $7.84 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the previous year, the business posted $1.95 earnings per share. The firm's revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

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.