Nicholas Investment Partners LP Lowers Position in BPC Acquisition Corp (BERY)

Nicholas Investment Partners LP lowered its stake in shares of BPC Acquisition Corp (NYSE:BERY) by 6.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 153,286 shares of the company’s stock after selling 11,183 shares during the period. Nicholas Investment Partners LP’s holdings in BPC Acquisition Corp were worth $7,469,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in shares of BPC Acquisition Corp by 616.4% in the third quarter. Wells Fargo & Company MN now owns 3,164,361 shares of the company’s stock valued at $138,759,000 after buying an additional 2,722,667 shares during the last quarter. Bank of Montreal Can boosted its position in shares of BPC Acquisition Corp by 632.4% in the third quarter. Bank of Montreal Can now owns 2,043,971 shares of the company’s stock valued at $89,628,000 after buying an additional 1,764,902 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of BPC Acquisition Corp by 17,005.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,716,388 shares of the company’s stock valued at $75,263,000 after buying an additional 1,706,354 shares during the last quarter. Boston Partners boosted its position in shares of BPC Acquisition Corp by 15.4% in the third quarter. Boston Partners now owns 8,160,370 shares of the company’s stock valued at $357,832,000 after buying an additional 1,091,707 shares during the last quarter. Finally, Anchor Bolt Capital LP boosted its position in shares of BPC Acquisition Corp by 12.6% in the second quarter. Anchor Bolt Capital LP now owns 5,423,958 shares of the company’s stock valued at $210,721,000 after buying an additional 605,040 shares during the last quarter. Hedge funds and other institutional investors own 96.56% of the company’s stock.

Institutional Ownership by Quarter for BPC Acquisition Corp (NYSE:BERY)

BPC Acquisition Corp (NYSE:BERY) traded up 0.33% during mid-day trading on Monday, hitting $49.19. The company had a trading volume of 1,292,153 shares. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 21.80 and a beta of 1.12. BPC Acquisition Corp has a 52 week low of $28.22 and a 52 week high of $52.97. The firm’s 50 day moving average is $50.47 and its 200 day moving average is $46.40.

BPC Acquisition Corp (NYSE:BERY) last issued its earnings results on Friday, February 3rd. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.05. BPC Acquisition Corp had a return on equity of 192.84% and a net margin of 4.44%. The firm had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The business’s revenue was down 6.8% compared to the same quarter last year. On average, equities research analysts predict that BPC Acquisition Corp will post $2.77 EPS for the current year.

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BERY has been the topic of several analyst reports. Zacks Investment Research cut BPC Acquisition Corp from a “hold” rating to a “sell” rating in a research report on Monday, October 17th. Credit Suisse Group set a $60.00 price objective on BPC Acquisition Corp and gave the stock a “buy” rating in a research report on Friday, November 25th. J P Morgan Chase & Co boosted their price objective on BPC Acquisition Corp from $54.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 30th. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price objective on shares of BPC Acquisition Corp in a research report on Thursday, October 20th. Finally, Royal Bank Of Canada boosted their price objective on BPC Acquisition Corp from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $53.15.

In other BPC Acquisition Corp news, CFO Mark W. Miles sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $49.36, for a total transaction of $493,600.00. Following the sale, the chief financial officer now directly owns 72,916 shares of the company’s stock, valued at $3,599,133.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Curt Begle sold 7,808 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $48.56, for a total value of $379,156.48. Following the sale, the president now directly owns 36,308 shares in the company, valued at $1,763,116.48. The disclosure for this sale can be found here. Insiders have sold 88,000 shares of company stock worth $4,429,138 over the last three months. 3.11% of the stock is currently owned by insiders.

About BPC Acquisition Corp

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. The Company operates through three segments: Health, Hygiene & Specialties, Consumer Packaging, and Engineered Materials.

5 Day Chart for NYSE:BERY

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