Short Interest Coverage: What’s Berry Plastics Group Incorporated (NYSE:BERY) Upside After This Short Interest Increase?

November 25, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Coverage: What's Berry Plastics Group Incorporated (NYSE:BERY) Upside After This Short Interest Increase?

The stock of Berry Plastics Group Incorporated (NYSE:BERY) registered an increase of 2.79% in short interest. BERY’s total short interest was 3.54M shares in November as published by FINRA. Its up 2.79% from 3.44M shares, reported previously. With 1.58M shares average volume, it will take short sellers 2 days to cover their BERY’s short positions. The short interest to Berry Plastics Group Incorporated’s float is 2.92%. About 342,329 shares traded hands. Berry Plastics Group Inc (NYSE:BERY) has risen 27.94% since April 22, 2016 and is uptrending. It has outperformed by 22.53% the S&P500.

Berry Plastics Group, Inc. is a provider of plastic consumer packaging and engineered materials. The company has a market cap of $5.65 billion. The Firm 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. It has a 27.93 P/E ratio. The Firm has three divisions: Health, Hygiene and Specialties; Consumer Packaging, and Engineered Materials.

Insitutional Activity: The institutional sentiment increased to 1.23 in Q2 2016. Its up 0.05, from 1.18 in 2016Q1. The ratio improved, as 23 funds sold all Berry Plastics Group Inc shares owned while 91 reduced positions. 56 funds bought stakes while 79 increased positions. They now own 112.23 million shares or 5.59% less from 118.88 million shares in 2016Q1.
The Switzerland-based Credit Suisse Ag has invested 0.01% in Berry Plastics Group Inc (NYSE:BERY). Lonestar Capital Management Limited Company has invested 8.7% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). Herndon Cap Ltd Liability Company holds 0% of its portfolio in Berry Plastics Group Inc (NYSE:BERY) for 1,366 shares. Deere accumulated 32,710 shares or 0.07% of the stock. Eminence Limited Partnership accumulated 1.11% or 1.41 million shares. Quantitative Systematic Strategies Lc, a Connecticut-based fund reported 22,618 shares. California Pub Employees Retirement last reported 317,800 shares in the company. Renaissance Technology Lc holds 0.01% or 145,700 shares in its portfolio. Westfield Cap Mngmt Lp holds 0.28% of its portfolio in Berry Plastics Group Inc (NYSE:BERY) for 884,320 shares. Checchi Cap Advisers has 0% invested in the company for 397 shares. Hbk Invests L P has 161,290 shares for 0.05% of their US portfolio. Canada Pension Plan Board holds 108,031 shares or 0.02% of its portfolio. Morgan Stanley holds 0% of its portfolio in Berry Plastics Group Inc (NYSE:BERY) for 186,913 shares. The Tennessee-based Ftb Advsr has invested 0% in Berry Plastics Group Inc (NYSE:BERY). Omega Advsrs owns 295,000 shares or 0.32% of their US portfolio.

Berry Plastics Group Inc (NYSE:BERY) Ratings Coverage

Out of 13 analysts covering Berry Plastics Group Inc (NYSE:BERY), 11 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 85% are positive. Berry Plastics Group Inc has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Berry Plastics Group Inc (NYSE:BERY) earned “Buy” rating by Citigroup on Wednesday, September 2. As per Tuesday, September 13, the company rating was initiated by JP Morgan. The firm earned “Buy” rating on Wednesday, November 18 by Deutsche Bank. Goldman Sachs downgraded the shares of BERY in a report on Monday, August 3 to “Neutral” rating. The rating was initiated by Macquarie Research with “Outperform” on Tuesday, November 10. The rating was initiated by Barclays Capital on Wednesday, June 15 with “Overweight”. The stock of Berry Plastics Group Inc (NYSE:BERY) has “Neutral” rating given on Wednesday, July 13 by SunTrust. The stock has “Market Perform” rating given by BMO Capital Markets on Friday, August 26. The stock has “Outperform” rating given by RBC Capital Markets on Friday, February 19. The firm has “Outperform” rating given on Friday, August 12 by Credit Suisse.

BERY Company Profile

Berry Plastics Group, Inc., incorporated on November 18, 2005, is a well-known provider of plastic consumer packaging and engineered materials. The Firm 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. The Firm has three divisions: Health, Hygiene and Specialties; Consumer Packaging, and Engineered Materials. The Firm sells its products to end markets, such as healthcare, personal care, and food and beverage. The Company’s Health, Hygiene and Specialties segment includes the personal care films and international business. The Company’s Consumer Packaging segment consists of the food and consumer films business, and the custom shrink films business. The Company’s Engineered Material segment includes the converter films business. The Firm has manufacturing and distribution centers in the United States, Canada, Mexico, Belgium, France, Australia, Germany, Brazil, Malaysia, India, China and the Netherlands.

More news for Berry Plastics Group Inc (NYSE:BERY) were recently published by: Businesswire.com, which released: “Berry Plastics Group, Inc. to Report Fourth Quarter and Fiscal Year 2016 …” on November 14, 2016. Moodys.com‘s article titled: “Moody’s places Berry Plastics Group, Inc.’s ratings under review for downgrade” and published on August 25, 2016 is yet another important article.

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By Peter Erickson

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