Lonestar Capital Management Decreased Holding in Berry Global Group (BERY) by $5.60 Million; Nike (NKE) Holder Parsons Capital Management Cut Its Position as Share Value Declined

February 23, 2018 - By Henry Gaston

Parsons Capital Management Inc decreased its stake in Nike Inc (NKE) by 9.23% based on its latest 2017Q3 regulatory filing with the SEC. Parsons Capital Management Inc sold 7,104 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 69,835 shares of the consumer non-durables company at the end of 2017Q3, valued at $3.62 million, down from 76,939 at the end of the previous reported quarter. Parsons Capital Management Inc who had been investing in Nike Inc for a number of months, seems to be less bullish one the $109.49 billion market cap company. The stock increased 0.25% or $0.17 during the last trading session, reaching $67.3. About 1.36 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 23, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Jerome L. Simon decreased its stake in Berry Global Group Inc (BERY) by 25% based on its latest 2017Q3 regulatory filing with the SEC. Lonestar Capital Management Llc sold 100,000 shares as the company’s stock rose 10.63% with the market. The hedge fund run by Jerome L. Simon held 300,000 shares of the plastic products company at the end of 2017Q3, valued at $17.00M, down from 400,000 at the end of the previous reported quarter. Lonestar Capital Management Llc who had been investing in Berry Global Group Inc for a number of months, seems to be less bullish one the $7.19 billion market cap company. The stock increased 0.33% or $0.18 during the last trading session, reaching $54.81. About 188,647 shares traded. Berry Global Group, Inc. (NYSE:BERY) has risen 47.68% since February 23, 2017 and is uptrending. It has outperformed by 30.98% the S&P500.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on March, 20. They expect $0.54 EPS, down 20.59% or $0.14 from last year’s $0.68 per share. NKE’s profit will be $878.55M for 31.16 P/E if the $0.54 EPS becomes a reality. After $0.46 actual EPS reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts 17.39% EPS growth.

Since September 14, 2017, it had 0 buys, and 8 insider sales for $37.22 million activity. RODGERS JOHNATHAN A sold $855,206 worth of stock. 74,278 shares were sold by Slusher John F, worth $4.75 million on Friday, January 5. Shares for $620,000 were sold by Matheson Monique S. on Monday, December 11. On Monday, January 29 SPRUNK ERIC D sold $6.77M worth of NIKE, Inc. (NYSE:NKE) or 100,000 shares. PARKER MARK G had sold 135,000 shares worth $8.78M on Friday, December 15.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 222 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, June 30, the company rating was maintained by FBR Capital. The rating was maintained by Deutsche Bank on Thursday, October 26 with “Buy”. The rating was maintained by Piper Jaffray on Friday, April 7 with “Hold”. DA Davidson maintained NIKE, Inc. (NYSE:NKE) rating on Tuesday, December 26. DA Davidson has “Buy” rating and $78 target. The rating was maintained by Barclays Capital on Wednesday, September 28 with “Overweight”. The stock has “Neutral” rating by Piper Jaffray on Thursday, March 23. The rating was maintained by Credit Suisse on Wednesday, June 29 with “Outperform”. Cowen & Co maintained NIKE, Inc. (NYSE:NKE) rating on Thursday, March 23. Cowen & Co has “Market Perform” rating and $54 target. The stock has “Hold” rating by Canaccord Genuity on Thursday, October 13. The firm earned “Positive” rating on Wednesday, August 26 by Susquehanna.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It worsened, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Aviva Public Ltd owns 1.14 million shares for 0.32% of their portfolio. Smithbridge Asset Mngmt De owns 37,657 shares for 1.38% of their portfolio. 32,814 are owned by South Dakota Invest Council. Ing Groep Nv stated it has 0.25% of its portfolio in NIKE, Inc. (NYSE:NKE). Focused Wealth Management holds 1,058 shares. 350 are owned by Pathstone Family Office Llc. Fulton Breakefield Broenniman Limited Liability Company holds 0.58% of its portfolio in NIKE, Inc. (NYSE:NKE) for 64,010 shares. 1.14M are owned by Factory Mutual Insur. State Of Wisconsin Inv Board, a Wisconsin-based fund reported 1.94 million shares. Pacad Invest Limited holds 42,985 shares or 0.49% of its portfolio. Valicenti Advisory Services reported 73,780 shares or 1.92% of all its holdings. First Mercantile Trust owns 46,788 shares. Hudock Group Inc Limited Liability Co has invested 0.01% of its portfolio in NIKE, Inc. (NYSE:NKE). Ipswich Mngmt reported 20,618 shares. Balyasny Asset Mgmt Ltd invested 0.02% in NIKE, Inc. (NYSE:NKE).

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 15.40 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.

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 firm has “Overweight” rating by Barclays Capital given on Monday, February 12. The rating was maintained by RBC Capital Markets with “Buy” on Monday, August 14. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, July 19. RBC Capital Markets maintained Berry Global Group, Inc. (NYSE:BERY) rating on Monday, September 18. RBC Capital Markets has “Buy” rating and $65.0 target. Citigroup reinitiated the stock with “Buy” rating in Wednesday, September 2 report. The rating was maintained by BMO Capital Markets on Monday, May 1 with “Hold”. BMO Capital Markets maintained the stock with “Hold” rating in Friday, July 7 report. Deutsche Bank maintained the stock with “Buy” rating in Friday, November 17 report. As per Monday, November 20, the company rating was maintained by Citigroup. SunTrust initiated the shares of BERY in report on Wednesday, July 13 with “Neutral” rating.

Investors sentiment increased to 1.1 in Q3 2017. 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. Bluemountain Management Limited Liability Corporation has invested 0.03% in Berry Global Group, Inc. (NYSE:BERY). Clearbridge Invests Limited Com reported 2.20 million shares. Trexquant Investment LP reported 6,578 shares or 0.09% of all its holdings. First Bancorp Of Omaha has 97,343 shares for 0.34% of their portfolio. Price T Rowe Assoc Inc Md accumulated 1.21 million shares. Cap Fin Advisers Lc invested 0.04% of its portfolio in Berry Global Group, Inc. (NYSE:BERY). Panagora Asset Mgmt invested 0.03% in Berry Global Group, Inc. (NYSE:BERY). Capwealth Advsr Limited Liability Company reported 0.08% stake. Morgan Stanley has 0% invested in Berry Global Group, Inc. (NYSE:BERY). Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Berry Global Group, Inc. (NYSE:BERY). Castleark Ltd Co reported 0.01% stake. Sterling Ltd Liability Corporation holds 36,901 shares or 0.02% of its portfolio. Legal & General Gru Public Limited Liability Com has invested 0% in Berry Global Group, Inc. (NYSE:BERY). Los Angeles Mngmt And Equity Research has 49,275 shares for 0.02% of their portfolio. The South Dakota-based Dorsey & Whitney Tru Ltd Com has invested 0.07% in Berry Global Group, Inc. (NYSE:BERY).

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