Tudor Investment Corp ET AL Makes New Investment in Berry Global Group, Inc. (NYSE:BERY)

Tudor Investment Corp ET AL bought a new stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 86,799 shares of the industrial products company's stock, valued at approximately $5,613,000. Tudor Investment Corp ET AL owned about 0.07% of Berry Global Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BERY. Boothbay Fund Management LLC bought a new stake in Berry Global Group in the 4th quarter worth approximately $661,000. Westchester Capital Management LLC purchased a new stake in shares of Berry Global Group during the 4th quarter valued at about $45,055,000. Khrom Capital Management LLC boosted its holdings in shares of Berry Global Group by 14.8% in the fourth quarter. Khrom Capital Management LLC now owns 1,630,007 shares of the industrial products company's stock worth $105,413,000 after buying an additional 210,046 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Berry Global Group by 157.6% during the fourth quarter. Hsbc Holdings PLC now owns 16,394 shares of the industrial products company's stock valued at $1,059,000 after buying an additional 10,029 shares during the last quarter. Finally, ClearAlpha Technologies LP bought a new position in Berry Global Group in the fourth quarter worth approximately $3,501,000. Institutional investors own 95.36% of the company's stock.

Berry Global Group Trading Down 2.8 %

Berry Global Group stock traded down $1.94 during midday trading on Tuesday, reaching $67.69. The stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,400,205. Berry Global Group, Inc. has a 52-week low of $57.52 and a 52-week high of $74.24. The company has a fifty day moving average of $68.76 and a 200 day moving average of $68.54. The firm has a market cap 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. 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 (NYSE:BERY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.52 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.60 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. Berry Global Group's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $1.95 EPS. On average, analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.