Ancora Advisors LLC Trims Stake in Berry Global Group, Inc. (NYSE:BERY)

Ancora Advisors LLC trimmed its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,818,205 shares of the industrial products company's stock after selling 299,053 shares during the quarter. Berry Global Group accounts for about 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.

A number of other hedge funds have also bought and sold shares of the business. UMB Bank n.a. grew its holdings in Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 306 shares during the period. Quadrant Capital Group LLC raised its stake in Berry Global Group by 28.8% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 165 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 821 shares during the last quarter. Venturi Wealth Management LLC boosted its position in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock worth $69,000 after purchasing an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. increased its stake in shares of Berry Global Group by 7,390.9% in the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,626 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on BERY shares. UBS Group upped their price target 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. Truist Financial cut their price target on Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, StockNews.com assumed coverage on Berry Global Group in a research note on Sunday. They set a "buy" rating on the stock. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Berry Global Group currently has an average rating of "Hold" and a consensus price target of $75.13.

Berry Global Group Price Performance

Shares of NYSE:BERY traded down $1.94 on Wednesday, hitting $67.69. The company's stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,401,516. The company has a market capitalization of $7.84 billion, a PE ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The company has a 50-day simple moving average of $68.68 and a 200 day simple moving average of $68.54. Berry Global Group, Inc. has a 1 year low of $57.52 and a 1 year high of $74.24.

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

Berry Global Group Profile

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.