BPC Acquisition Corp (NYSE:BERY) Holdings Increased by Flinton Capital Management LLC
Flinton Capital Management LLC lifted its stake in shares of BPC Acquisition Corp (NYSE:BERY) by 17.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,420 shares of the industrial products company’s stock after purchasing an additional 8,160 shares during the period. Flinton Capital Management LLC’s holdings in BPC Acquisition Corp were worth $3,159,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in BERY. Acrospire Investment Management LLC grew its position in shares of BPC Acquisition Corp by 315.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,600 shares in the last quarter. CrestPoint Capital Management LLC bought a new stake in shares of BPC Acquisition Corp during the 2nd quarter worth $205,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of BPC Acquisition Corp by 2.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock worth $194,000 after acquiring an additional 111 shares during the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of BPC Acquisition Corp during the 2nd quarter worth $228,000. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of BPC Acquisition Corp during the 1st quarter worth $218,000. Institutional investors and hedge funds own 94.64% of the company’s stock.
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A number of analysts have recently issued reports on BERY shares. Citigroup Inc. reaffirmed a “buy” rating on shares of BPC Acquisition Corp in a report on Thursday, August 31st. SunTrust Banks, Inc. raised shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $65.00 in a research note on Monday, June 26th. Robert W. Baird reissued a “buy” rating and issued a $65.00 price target on shares of BPC Acquisition Corp in a research note on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of BPC Acquisition Corp in a research note on Friday, August 25th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $67.00 price target (up from $63.00) on shares of BPC Acquisition Corp in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $64.08.
Shares of BPC Acquisition Corp (NYSE BERY) traded up 0.12% during midday trading on Friday, reaching $59.06. 870,349 shares of the company’s stock were exchanged. The company has a market cap of $7.70 billion, a price-to-earnings ratio of 25.08 and a beta of 1.08. BPC Acquisition Corp has a 12-month low of $42.74 and a 12-month high of $59.72. The stock’s 50 day moving average price is $56.95 and its 200 day moving average price is $55.69.
BPC Acquisition Corp (NYSE:BERY) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the firm posted $0.82 EPS. BPC Acquisition Corp’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts anticipate that BPC Acquisition Corp will post $3.04 earnings per share for the current fiscal year.
About BPC Acquisition Corp
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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