Boothbay Fund Management LLC Acquires Shares of 10,228 Berry Global Group, Inc. (NYSE:BERY)

Boothbay Fund Management LLC purchased a new stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,228 shares of the industrial products company's stock, valued at approximately $661,000.

A number of other large investors also recently made changes to their positions in the business. Greenleaf Trust increased its stake in shares of Berry Global Group by 3.5% during the 4th quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company's stock worth $285,000 after purchasing an additional 149 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of 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 buying an additional 165 shares during the period. CIBC Asset Management Inc grew its stake in shares of Berry Global Group by 5.1% during the fourth quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company's stock worth $229,000 after purchasing an additional 170 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Berry Global Group by 2.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company's stock worth $649,000 after buying an additional 241 shares during the period. Finally, UMB Bank n.a. raised its holdings in Berry Global Group by 89.0% in the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock worth $42,000 after purchasing an additional 306 shares during the period. Hedge funds and other institutional investors own 95.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BERY. UBS Group increased their price target 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. Truist Financial cut their target price on Berry Global Group from $76.00 to $71.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, StockNews.com started coverage on shares of Berry Global Group in a research report on Sunday. They issued a "buy" rating on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $75.13.

Berry Global Group Price Performance

Shares of NYSE BERY traded down $1.94 during midday trading on Tuesday, hitting $67.69. The company had a trading volume of 18,809,857 shares, compared to its average volume of 1,400,205. Berry Global Group, Inc. has a twelve month low of $57.52 and a twelve month high of $74.24. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The business has a 50-day simple moving average of $68.76 and a two-hundred day simple moving average of $68.54. The firm has a market capitalization of $7.84 billion, a price-to-earnings 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 for the quarter, beating analysts' consensus estimates of $1.52 by $0.03. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.60 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The business's revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $1.95 EPS. Equities research analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Company 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.