Berry Global Group (BERY) Market Value Rose While Eminence Capital LP Has Decreased Its Holding; Minerva Neurosciences (NERV) Holder Dafna Capital Management Lowered Stake

January 14, 2018 - By Clifton Ray

Nathan Fischel decreased its stake in Minerva Neurosciences Inc (NERV) by 38.08% based on its latest 2017Q3 regulatory filing with the SEC. Dafna Capital Management Llc sold 105,223 shares as the company’s stock declined 19.19% while stock markets rallied. The hedge fund run by Nathan Fischel held 171,094 shares of the health care company at the end of 2017Q3, valued at $1.30M, down from 276,317 at the end of the previous reported quarter. Dafna Capital Management Llc who had been investing in Minerva Neurosciences Inc for a number of months, seems to be less bullish one the $241.88 million market cap company. The stock increased 3.31% or $0.2 during the last trading session, reaching $6.25. About 388,366 shares traded or 91.66% up from the average. Minerva Neurosciences, Inc. (NASDAQ:NERV) has risen 56.56% since January 14, 2017 and is uptrending. It has outperformed by 39.86% the S&P500.

Ricky Sandler decreased its stake in Berry Global Group Inc (BERY) by 3.45% based on its latest 2017Q3 regulatory filing with the SEC. Eminence Capital Lp sold 96,029 shares as the company’s stock rose 10.63% with the market. The hedge fund run by Ricky Sandler held 2.69M shares of the plastic products company at the end of 2017Q3, valued at $152.29M, down from 2.78M at the end of the previous reported quarter. Eminence Capital Lp who had been investing in Berry Global Group Inc for a number of months, seems to be less bullish one the $7.89 billion market cap company. The stock decreased 0.82% or $0.5 during the last trading session, reaching $60.23. About 575,702 shares traded. Berry Global Group, Inc. (NYSE:BERY) has risen 47.68% since January 14, 2017 and is uptrending. It has outperformed by 30.98% the S&P500.

Among 3 analysts covering Minerva Neurosciences (NASDAQ:NERV), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Minerva Neurosciences had 5 analyst reports since March 9, 2016 according to SRatingsIntel. Jefferies reinitiated the stock with “Buy” rating in Thursday, May 12 report. JMP Securities maintained it with “Market Outperform” rating and $10 target in Wednesday, March 9 report. The stock of Minerva Neurosciences, Inc. (NASDAQ:NERV) has “Buy” rating given on Friday, September 1 by Citigroup. The firm has “Buy” rating given on Thursday, June 22 by Jefferies. The stock of Minerva Neurosciences, Inc. (NASDAQ:NERV) earned “Buy” rating by Jefferies on Friday, May 27.

Dafna Capital Management Llc, which manages about $196.24M and $161.05 million US Long portfolio, upped its stake in Alder Biopharmaceuticals Inc (NASDAQ:ALDR) by 125,000 shares to 346,013 shares, valued at $4.24M in 2017Q3, according to the filing. It also increased its holding in Biocryst Pharmaceuticals Inc (NASDAQ:BCRX) by 602,100 shares in the quarter, for a total of 1.19M shares, and has risen its stake in Ascendis Pharma A S.

Analysts await Minerva Neurosciences, Inc. (NASDAQ:NERV) to report earnings on March, 12. They expect $-0.43 earnings per share, down 59.26% or $0.16 from last year’s $-0.27 per share. After $-0.28 actual earnings per share reported by Minerva Neurosciences, Inc. for the previous quarter, Wall Street now forecasts 53.57% negative 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. Lpl Fincl Limited holds 0% of its portfolio in Berry Global Group, Inc. (NYSE:BERY) for 3,658 shares. Ameriprise has 547,937 shares. Avalon Lc invested 0.09% of its portfolio in Berry Global Group, Inc. (NYSE:BERY). Employees Retirement System Of Texas reported 62,000 shares or 0.05% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in Berry Global Group, Inc. (NYSE:BERY) for 5,465 shares. Stevens Cap Limited Partnership holds 0.24% or 115,477 shares in its portfolio. Eaton Vance has invested 0.01% in Berry Global Group, Inc. (NYSE:BERY). Principal Fincl Group Incorporated holds 0% or 19,975 shares. South Street Ltd Liability Corporation has 151,230 shares. Fifth Third Commercial Bank accumulated 1.21 million shares. Anchor Bolt Cap Limited Partnership, Illinois-based fund reported 885,036 shares. 48,567 were accumulated by Comerica Retail Bank. Lomas Mngmt Limited Liability Corporation has 265,770 shares. Mark Sheptoff Planning Ltd holds 15,885 shares or 0.6% of its portfolio. Raymond James & Assoc has 0.04% invested in Berry Global Group, Inc. (NYSE:BERY) for 330,973 shares.

Among 16 analysts covering Berry Plastics Group Inc (NYSE:BERY), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Berry Plastics Group Inc had 51 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Goldman Sachs given on Thursday, May 12. The company was maintained on Wednesday, June 7 by Jefferies. The stock of Berry Global Group, Inc. (NYSE:BERY) has “Hold” rating given on Thursday, November 16 by KeyBanc Capital Markets. The stock of Berry Global Group, Inc. (NYSE:BERY) has “Buy” rating given on Friday, July 14 by Jefferies. Jefferies initiated the shares of BERY in report on Thursday, October 13 with “Buy” rating. The firm earned “Sector Weight” rating on Wednesday, November 30 by KeyBanc Capital Markets. RBC Capital Markets maintained Berry Global Group, Inc. (NYSE:BERY) on Monday, November 20 with “Buy” rating. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, September 28. The firm has “Hold” rating by BMO Capital Markets given on Friday, August 25. Deutsche Bank maintained the stock with “Buy” rating in Friday, November 17 report.

Eminence Capital Lp, which manages about $10.55 billion and $6.18 billion US Long portfolio, upped its stake in Cornerstone Ondemand Inc (NASDAQ:CSOD) by 2.39M shares to 5.47 million shares, valued at $222.22M in 2017Q3, according to the filing. It also increased its holding in Forest City Rlty Tr Inc by 535,000 shares in the quarter, for a total of 3.68M shares, and has risen its stake in Mattel Inc (NASDAQ:MAT).

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