Three Peaks Capital Management Decreased Its Position in Berry Global Group (BERY) by $315,840; Rock Point Advisors Has Cut Position in Hortonworks (HDP) by $1.21 Million as Stock Value Rose

February 21, 2018 - By Peter Erickson

Three Peaks Capital Management Llc decreased its stake in Berry Global Group Inc (BERY) by 2.56% based on its latest 2017Q3 regulatory filing with the SEC. Three Peaks Capital Management Llc sold 5,640 shares as the company’s stock rose 10.63% with the market. The institutional investor held 214,794 shares of the plastic products company at the end of 2017Q3, valued at $12.17M, down from 220,434 at the end of the previous reported quarter. Three Peaks Capital Management Llc who had been investing in Berry Global Group Inc for a number of months, seems to be less bullish one the $7.40 billion market cap company. The stock decreased 0.18% or $0.1 during the last trading session, reaching $56.37. About 1.50M shares traded or 49.22% up from the average. Berry Global Group, Inc. (NYSE:BERY) has risen 47.68% since February 21, 2017 and is uptrending. It has outperformed by 30.98% the S&P500.

Rock Point Advisors Llc decreased its stake in Hortonworks Inc (HDP) by 21.34% based on its latest 2017Q3 regulatory filing with the SEC. Rock Point Advisors Llc sold 75,405 shares as the company’s stock rose 17.74% with the market. The institutional investor held 278,025 shares of the technology company at the end of 2017Q3, valued at $4.71M, down from 353,430 at the end of the previous reported quarter. Rock Point Advisors Llc who had been investing in Hortonworks Inc for a number of months, seems to be less bullish one the $1.32 billion market cap company. The stock increased 0.16% or $0.03 during the last trading session, reaching $18.22. About 948,838 shares traded or 43.49% up from the average. Hortonworks, Inc. (NASDAQ:HDP) has risen 25.48% since February 21, 2017 and is uptrending. It has outperformed by 8.78% the S&P500.

Among 20 analysts covering Hortonworks (NASDAQ:HDP), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. Hortonworks had 69 analyst reports since August 6, 2015 according to SRatingsIntel. On Thursday, August 3 the stock rating was maintained by Mizuho with “Hold”. Wunderlich maintained the shares of HDP in report on Wednesday, June 14 with “Buy” rating. The stock has “Buy” rating by Northland Capital on Monday, August 28. The rating was maintained by Mizuho on Tuesday, July 18 with “Hold”. Rosenblatt maintained the stock with “Buy” rating in Monday, June 12 report. On Monday, July 17 the stock rating was initiated by Craig Hallum with “Buy”. Drexel Hamilton maintained Hortonworks, Inc. (NASDAQ:HDP) rating on Monday, June 12. Drexel Hamilton has “Buy” rating and $2100 target. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, August 5. Mizuho maintained Hortonworks, Inc. (NASDAQ:HDP) rating on Tuesday, January 19. Mizuho has “Buy” rating and $25.0 target. Needham maintained Hortonworks, Inc. (NASDAQ:HDP) rating on Friday, September 8. Needham has “Buy” rating and $25.0 target.

Analysts await Hortonworks, Inc. (NASDAQ:HDP) to report earnings on May, 3. They expect $-0.68 earnings per share, up 22.73% or $0.20 from last year’s $-0.88 per share. After $-0.68 actual earnings per share reported by Hortonworks, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 2.24 in 2017 Q3. Its up 0.48, from 1.76 in 2017Q2. It increased, as 10 investors sold HDP shares while 28 reduced holdings. 39 funds opened positions while 46 raised stakes. 37.59 million shares or 26.46% more from 29.72 million shares in 2017Q2 were reported. Public Employees Retirement Association Of Colorado reported 0% of its portfolio in Hortonworks, Inc. (NASDAQ:HDP). M&R Capital Management invested 0.01% of its portfolio in Hortonworks, Inc. (NASDAQ:HDP). Capital Fund holds 92,400 shares or 0.01% of its portfolio. Engineers Gate Manager Lp reported 97,705 shares or 0.14% of all its holdings. Boston Advsr Ltd holds 0.02% of its portfolio in Hortonworks, Inc. (NASDAQ:HDP) for 41,115 shares. The New York-based Tiaa Cref Investment Mgmt Ltd Llc has invested 0% in Hortonworks, Inc. (NASDAQ:HDP). Lyon Street Capital Ltd Liability Corp accumulated 1.8% or 274,784 shares. Hbk Invests Ltd Partnership reported 0.03% in Hortonworks, Inc. (NASDAQ:HDP). Jacobs Levy Equity has invested 0.06% in Hortonworks, Inc. (NASDAQ:HDP). Ardsley Advisory Ptnrs accumulated 0.61% or 270,000 shares. Castleark Mgmt Limited Liability Com invested in 0.33% or 616,110 shares. Federated Investors Pa invested in 0% or 25,674 shares. Employees Retirement Sys Of Ohio reported 0.01% stake. Trexquant Inv LP has invested 0.05% in Hortonworks, Inc. (NASDAQ:HDP). Bogle Mngmt LP De reported 484,317 shares stake.

Rock Point Advisors Llc, which manages about $351.72 million and $214.70 million US Long portfolio, upped its stake in Kennedy (NYSE:KW) by 63,220 shares to 464,115 shares, valued at $8.61M in 2017Q3, according to the filing.

Analysts await Berry Global Group, Inc. (NYSE:BERY) to report earnings on May, 2. They expect $0.89 earnings per share, up 12.66% or $0.10 from last year’s $0.79 per share. BERY’s profit will be $116.77 million for 15.83 P/E if the $0.89 EPS becomes a reality. After $0.67 actual earnings per share reported by Berry Global Group, Inc. for the previous quarter, Wall Street now forecasts 32.84% EPS growth.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.18, from 0.92 in 2017Q2. It increased, as 31 investors sold BERY shares while 105 reduced holdings. 40 funds opened positions while 109 raised stakes. 121.75 million shares or 1.68% more from 119.74 million shares in 2017Q2 were reported. Prudential Fincl owns 0% invested in Berry Global Group, Inc. (NYSE:BERY) for 51,072 shares. Newbrook Cap Advisors Lp holds 5.57% in Berry Global Group, Inc. (NYSE:BERY) or 1.36 million shares. Massachusetts Ma holds 0.09% or 3.62M shares. Epoch Partners Incorporated invested in 551,600 shares or 0.1% of the stock. Ionic Cap Mgmt Llc holds 35,293 shares. 25,782 are owned by Cantab Partners Limited Liability Partnership. Winfield Associates holds 273 shares or 0.01% of its portfolio. Crestpoint Cap Mngmt owns 3,600 shares for 0.09% of their portfolio. Loring Wolcott And Coolidge Fiduciary Llp Ma has 32 shares for 0% of their portfolio. Moreover, Stevens Ltd Partnership has 0.24% invested in Berry Global Group, Inc. (NYSE:BERY) for 115,477 shares. Penn Cap Management Company reported 44,852 shares stake. Gsa Capital Prtn Llp holds 0.04% or 10,610 shares in its portfolio. Etrade Ltd Llc has invested 0.02% in Berry Global Group, Inc. (NYSE:BERY). Oakbrook Invests Limited Co holds 0.02% or 4,350 shares. Eminence Capital Lp invested 2.47% of its portfolio in Berry Global Group, Inc. (NYSE:BERY).

Among 16 analysts covering Berry Plastics Group Inc (NYSE:BERY), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Berry Plastics Group Inc had 55 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, August 23. The firm earned “Buy” rating on Friday, July 14 by Jefferies. BMO Capital Markets maintained it with “Hold” rating and $5400 target in Friday, July 7 report. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, September 27. RBC Capital Markets maintained Berry Global Group, Inc. (NYSE:BERY) on Monday, November 20 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets on Thursday, September 28 with “Hold”. The firm has “Buy” rating given on Monday, June 5 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, August 30 by Jefferies. The firm has “Buy” rating by Goldman Sachs given on Thursday, May 12. As per Friday, August 26, the company rating was maintained by Robert W. Baird.

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