Aggressive’ Bullish Options Activity Seen in Berry Plastics Group Inc

 Aggressive' Bullish Options Activity Seen in Berry Plastics Group Inc

In today’s session Berry Plastics Group Inc (BERY) registered an unusually high (4,671) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious BERY increase. With 4,671 contracts traded and 119084 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: BERY170317C00045000 closed last at: $6.3 or 90.9% up. About 70,604 shares traded hands. Berry Plastics Group Inc (NYSE:BERY) has risen 37.52% since April 28, 2016 and is uptrending. It has outperformed by 31.60% the S&P500.

Berry Plastics Group Inc (NYSE:BERY) Ratings Coverage

Out of 14 analysts covering Berry Plastics Group Inc (NYSE:BERY), 11 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 79% are positive. $60 is the highest target while $35 is the lowest. The $48.42 average target is -0.94% below today’s ($48.88) stock price. Berry Plastics Group Inc has been the topic of 20 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Wednesday, November 18. The firm has “Overweight” rating given on Wednesday, June 15 by Barclays Capital. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Wednesday, November 30. The stock of Berry Plastics Group Inc (NYSE:BERY) earned “Neutral” rating by SunTrust on Wednesday, July 13. RBC Capital Markets maintained the shares of BERY in a report on Wednesday, May 11 with “Outperform” rating. RBC Capital Markets initiated it with “Outperform” rating and $38 target price in Friday, February 19 report. Citigroup maintained it with “Buy” rating and $47 target price in Tuesday, July 19 report. The company was maintained on Friday, August 26 by BMO Capital Markets. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, November 30. The firm has “Outperform” rating given on Tuesday, November 10 by Macquarie Research.

According to Zacks Investment Research, “Berry Plastics Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company operates in three segments: Rigid Packaging, Engineered Materials and Flexible Packaging. Its rigid packaging products include containers, thermoformed polypropylene and injection-molded plastic drink cups, plastic home and party items, plastic garden products, closures, aerosol overcaps, polyethylene and PET bottles and plastic squeeze tubes for food and beverage, retail mass, healthcare, personal care, and household chemical consumer-oriented end markets. Berry’s flexible packaging products comprises of mono layer and coextruded films; barrier films for cereal, cookie, cracker, and dry mix packages; lamination films for carpet padding; films used for solar panel construction; component and packaging films; printed products; and coated and laminated packaging products. Berry Plastics Group, Inc. is headquartered in Evansville, Indiana.”

Insitutional Activity: The institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.05, from 1.18 in 2016Q1. The ratio increased, 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.
Advisors Mgmt Limited Liability Company last reported 0.17% of its portfolio in the stock. Point72 Asset Mgmt Limited Partnership owns 540,567 shares or 0.14% of their US portfolio. Fmr Limited Liability Com owns 2.57 million shares or 0.01% of their US portfolio. Gareth Morgan Invs Partnership accumulated 91,228 shares or 0.35% of the stock. Bancorporation Of Mellon Corporation reported 558,568 shares or 0.01% of all its holdings. Herndon Capital Mgmt Ltd Limited Liability Company reported 1,366 shares or 0% of all its holdings. Hbk Investments Ltd Partnership has 161,290 shares for 0.05% of their US portfolio. Massachusetts Financial Services Com Ma holds 0.05% of its portfolio in Berry Plastics Group Inc (NYSE:BERY) for 2.76M shares. Dorsey And Whitney Tru Limited Liability Corporation, a South Dakota-based fund reported 6,289 shares. Northern has invested 0.01% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). First Republic Mgmt accumulated 0.01% or 15,303 shares. Boston Partners reported 7.07 million shares or 0.4% of all its holdings. Verition Fund Management Ltd Liability reported 76,315 shares or 0.38% of all its holdings. Lazard Asset Lc accumulated 0.01% or 129,043 shares. State Board Of Administration Of Florida Retirement last reported 0.01% of its portfolio in the stock.

Berry Plastics Group, Inc. is a provider of plastic consumer packaging and engineered materials. The company has a market cap of $5.92 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 29.43 P/E ratio. The Firm has three divisions: Health, Hygiene and Specialties; Consumer Packaging, and Engineered Materials.

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: Nasdaq.com, which released: “Earnings Reaction History: Berry Plastics Group, Inc., 28.6% Follow-Through …” on November 29, 2016. Businesswire.com‘s article titled: “Berry Plastics Group, Inc. to Report Fourth Quarter and Fiscal Year 2016 …” and published on November 14, 2016 is yet another important article.

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