Cantor Fitzgerald L. P. Makes New $388,000 Investment in Berry Global Group, Inc. (NYSE:BERY)

Cantor Fitzgerald L. P. acquired a new stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,000 shares of the industrial products company's stock, valued at approximately $388,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Balyasny Asset Management L.P. bought a new position in Berry Global Group during the fourth quarter worth about $105,092,000. Benjamin Edwards Inc. increased its stake in Berry Global Group by 2.9% in the fourth quarter. Benjamin Edwards Inc. now owns 9,858 shares of the industrial products company's stock valued at $637,000 after purchasing an additional 282 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Berry Global Group by 29.5% during the fourth quarter. BNP Paribas Financial Markets now owns 18,661 shares of the industrial products company's stock worth $1,207,000 after purchasing an additional 4,253 shares in the last quarter. Aristeia Capital L.L.C. bought a new stake in shares of Berry Global Group in the 4th quarter valued at $580,000. Finally, AQR Arbitrage LLC acquired a new position in Berry Global Group in the fourth quarter valued at about $53,950,000. Institutional investors own 95.36% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BERY. Truist Financial lowered 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 report on Tuesday, April 22nd. StockNews.com assumed coverage on Berry Global Group in a report on Sunday, May 4th. They issued a "buy" rating on the stock. Finally, UBS Group increased their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Berry Global Group presently has an average rating of "Hold" and a consensus price target of $75.13.

Berry Global Group Stock Performance

NYSE:BERY traded down $1.94 during mid-day trading on Friday, hitting $67.69. The stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,396,618. The company's 50 day simple moving average is $68.44 and its 200 day simple moving average is $68.51. The stock has a market cap of $7.84 billion, a price-to-earnings 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 quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group, Inc. has a twelve month low of $57.52 and a twelve month high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last posted 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. 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 for the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the prior year, the business earned $1.95 EPS. The firm's revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts forecast 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.