Shareholder Marietta Investment Partners Has Lifted Edwards Lifesciences (EW) Position; Omega Advisors Upped Stake in Berry Global Group (BERY) by $3.08 Million as Stock Value Rose

February 15, 2018 - By Kurt Siggers

Marietta Investment Partners Llc increased its stake in Edwards Lifesciences (EW) by 3.91% based on its latest 2017Q3 regulatory filing with the SEC. Marietta Investment Partners Llc bought 2,794 shares as the company’s stock rose 25.80% with the market. The institutional investor held 74,264 shares of the industrial specialties company at the end of 2017Q3, valued at $8.12M, up from 71,470 at the end of the previous reported quarter. Marietta Investment Partners Llc who had been investing in Edwards Lifesciences for a number of months, seems to be bullish on the $27.56B market cap company. The stock increased 2.25% or $2.86 during the last trading session, reaching $130.21. About 1.57 million shares traded or 10.11% up from the average. Edwards Lifesciences Corporation (NYSE:EW) has risen 15.41% since February 15, 2017 and is uptrending. It has underperformed by 1.29% the S&P500.

Leon Cooperman increased its stake in Berry Global Group Inc (BERY) by 34.21% based on its latest 2017Q3 regulatory filing with the SEC. Omega Advisors Inc bought 55,000 shares as the company’s stock rose 10.63% with the market. The hedge fund run by Leon Cooperman held 215,765 shares of the plastic products company at the end of 2017Q3, valued at $12.22 million, up from 160,765 at the end of the previous reported quarter. Omega Advisors Inc who had been investing in Berry Global Group Inc for a number of months, seems to be bullish on the $7.23 billion market cap company. The stock decreased 0.09% or $0.05 during the last trading session, reaching $55.07. About 1.23M shares traded or 19.69% up from the average. Berry Global Group, Inc. (NYSE:BERY) has risen 47.68% since February 15, 2017 and is uptrending. It has outperformed by 30.98% the S&P500.

Omega Advisors Inc, which manages about $12.65B and $2.57 billion US Long portfolio, decreased its stake in Navient Corp (NASDAQ:NAVI) by 410,426 shares to 1.80 million shares, valued at $27.05 million in 2017Q3, according to the filing. It also reduced its holding in American International Group I (NYSE:AIG) by 486,500 shares in the quarter, leaving it with 841,740 shares, and cut its stake in Mgm Resorts International (NYSE:MGM).

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.18, from 0.92 in 2017Q2. It improved, 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. California State Teachers Retirement System has 208,734 shares for 0.03% of their portfolio. 327,797 are held by Nuveen Asset Management Ltd Liability Co. Quantbot Tech Limited Partnership stated it has 15,007 shares or 0.08% of all its holdings. Nationwide Fund Advsrs accumulated 752,068 shares. Cordasco Ntwk owns 41 shares. Anchor Bolt Cap Limited Partnership owns 2.05% invested in Berry Global Group, Inc. (NYSE:BERY) for 885,036 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 5,465 shares. Lomas Cap Mngmt Ltd Liability holds 265,770 shares or 3.01% of its portfolio. Howe And Rusling Inc holds 0% or 203 shares in its portfolio. Smithfield invested 0.02% in Berry Global Group, Inc. (NYSE:BERY). Schwab Charles Inv Mngmt accumulated 1.34M shares. Moreover, Strs Ohio has 0.03% invested in Berry Global Group, Inc. (NYSE:BERY) for 108,741 shares. Advisors Preferred Ltd Liability Co reported 1,129 shares or 0.04% of all its holdings. Swiss Bancorporation holds 216,618 shares. Citigroup, New York-based fund reported 82,774 shares.

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 company was maintained on Tuesday, October 10 by Robert W. Baird. The firm has “Buy” rating given on Monday, November 20 by Citigroup. The firm earned “Outperform” rating on Thursday, August 11 by RBC Capital Markets. RBC Capital Markets initiated Berry Global Group, Inc. (NYSE:BERY) rating on Friday, February 19. RBC Capital Markets has “Outperform” rating and $38 target. Jefferies maintained the stock with “Buy” rating in Friday, July 14 report. The firm has “Buy” rating given on Wednesday, June 7 by Jefferies. The stock of Berry Global Group, Inc. (NYSE:BERY) has “Market Perform” rating given on Friday, August 26 by BMO Capital Markets. The stock of Berry Global Group, Inc. (NYSE:BERY) earned “Hold” rating by KeyBanc Capital Markets on Thursday, November 16. The firm earned “Buy” rating on Wednesday, April 12 by RBC Capital Markets. The rating was maintained by SunTrust on Thursday, November 16 with “Buy”.

Marietta Investment Partners Llc, which manages about $392.24 million and $333.79M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 14,204 shares to 68,557 shares, valued at $11.71 million in 2017Q3, according to the filing. It also reduced its holding in Charles Schwab Corp (NYSE:SCHW) by 101,349 shares in the quarter, leaving it with 67,804 shares, and cut its stake in Itau Unibanco Holdin (NYSE:ITUB).

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