Today, Advisors Asset Management Inc. Raises Stake in Berry Plastics Group Inc. (BERY)

Today, Advisors Asset Management Inc. Raises Stake in Berry Plastics Group Inc. (BERY)

Advisors Asset Management Inc. raised its position in Berry Plastics Group Inc. (NYSE:BERY) by 16.9% during the third quarter, Holdings Channel reports. The fund owned 16,798 shares of the company’s stock after buying an additional 2,434 shares during the period. Advisors Asset Management Inc.’s holdings in Berry Plastics Group were worth $737,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Prudential Financial Inc. increased its stake in shares of Berry Plastics Group by 120.7% in the first quarter. Prudential Financial Inc. now owns 18,537 shares of the company’s stock valued at $670,000 after buying an additional 10,137 shares during the period. A.R.T. Advisors LLC increased its stake in shares of Berry Plastics Group by 27.9% in the first quarter. A.R.T. Advisors LLC now owns 36,678 shares of the company’s stock valued at $1,325,000 after buying an additional 8,000 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Berry Plastics Group by 0.8% in the first quarter. Panagora Asset Management Inc. now owns 377,294 shares of the company’s stock valued at $13,639,000 after buying an additional 2,825 shares during the period. Royal Bank of Canada increased its stake in shares of Berry Plastics Group by 85.5% in the first quarter. Royal Bank of Canada now owns 712,343 shares of the company’s stock valued at $25,751,000 after buying an additional 328,262 shares during the period. Finally, Avalon Advisors LLC increased its stake in shares of Berry Plastics Group by 13.3% in the first quarter. Avalon Advisors LLC now owns 34,823 shares of the company’s stock valued at $1,259,000 after buying an additional 4,096 shares during the period.

Berry Plastics Group Inc. (NYSE:BERY) traded down 0.02% on Friday, hitting $46.33. 535,403 shares of the stock were exchanged. Berry Plastics Group Inc. has a one year low of $27.79 and a one year high of $47.26. The company has a 50 day moving average of $44.73 and a 200 day moving average of $42.04. The stock has a market capitalization of $5.63 billion, a P/E ratio of 27.71 and a beta of 1.07.

BERY has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Berry Plastics Group from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a research report on Monday, August 8th. Royal Bank Of Canada increased their target price on shares of Berry Plastics Group from $44.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Credit Suisse Group AG increased their target price on shares of Berry Plastics Group from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. RBC Capital Markets reiterated an “outperform” rating and issued a $47.00 target price (up previously from $44.00) on shares of Berry Plastics Group in a research report on Saturday, August 13th. Finally, BMO Capital Markets increased their target price on shares of Berry Plastics Group from $37.00 to $43.00 and gave the stock a “market perform” rating in a research report on Friday, August 26th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Berry Plastics Group currently has a consensus rating of “Buy” and an average price target of $49.69.

About Berry Plastics Group

Berry Plastics Group, Inc is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles.

Related posts

Leave a Comment