Ancora Advisors LLC Has $117.58 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Ancora Advisors LLC lowered its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,818,205 shares of the industrial products company's stock after selling 299,053 shares during the period. Berry Global Group comprises approximately 2.6% of Ancora Advisors LLC's holdings, making the stock its 5th largest position. Ancora Advisors LLC owned about 1.57% of Berry Global Group worth $117,583,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in BERY. Geode Capital Management LLC raised its holdings in Berry Global Group by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 1,989,350 shares of the industrial products company's stock worth $128,691,000 after purchasing an additional 6,833 shares during the period. Khrom Capital Management LLC lifted its holdings in Berry Global Group by 14.8% during the fourth quarter. Khrom Capital Management LLC now owns 1,630,007 shares of the industrial products company's stock valued at $105,413,000 after purchasing an additional 210,046 shares during the last quarter. Norges Bank bought a new position in shares of Berry Global Group during the fourth quarter valued at about $91,526,000. Magnetar Financial LLC purchased a new position in Berry Global Group during the fourth quarter valued at $71,882,000. Finally, Northern Trust Corp boosted its holdings in shares of Berry Global Group by 26.3% during the 4th quarter. Northern Trust Corp now owns 1,000,009 shares of the industrial products company's stock valued at $64,671,000 after acquiring an additional 208,303 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BERY shares. Truist Financial reduced their price objective 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. UBS Group upped their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Finally, StockNews.com began coverage on shares of Berry Global Group in a research report on Sunday. They set a "buy" rating for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $75.13.

Berry Global Group Trading Down 2.8 %

NYSE:BERY traded down $1.94 during mid-day trading on Thursday, hitting $67.69. The company had a trading volume of 18,809,857 shares, compared to its average volume of 1,400,026. The firm has a market cap of $7.84 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a fifty-two week low of $57.52 and a fifty-two week high of $74.24. The business's fifty day moving average is $68.59 and its two-hundred day moving average is $68.53. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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 company 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 earned $1.95 earnings per share. The firm's quarterly revenue was up .0% compared to the same quarter last year. As a group, 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.