BlueCrest Capital Management Ltd Has $1.22 Million Position in Bemis Company, Inc. (BMS)

BlueCrest Capital Management Ltd increased its stake in shares of Bemis Company, Inc. (NYSE:BMS) by 470.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,445 shares of the industrial products company’s stock after buying an additional 21,813 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Bemis were worth $1,223,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. LSV Asset Management lifted its position in shares of Bemis by 5.3% during the 2nd quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock worth $32,393,000 after buying an additional 35,200 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Bemis by 225.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 88,478 shares of the industrial products company’s stock worth $4,092,000 after buying an additional 61,278 shares during the period. Prudential Financial Inc. lifted its position in shares of Bemis by 6.3% during the 1st quarter. Prudential Financial Inc. now owns 76,915 shares of the industrial products company’s stock worth $3,758,000 after buying an additional 4,540 shares during the period. Federated Investors Inc. PA lifted its position in shares of Bemis by 17.9% during the 2nd quarter. Federated Investors Inc. PA now owns 46,617 shares of the industrial products company’s stock worth $2,156,000 after buying an additional 7,081 shares during the period. Finally, Marshall Wace North America L.P. lifted its position in shares of Bemis by 1,361.1% during the 2nd quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock worth $30,682,000 after buying an additional 621,350 shares during the period. Institutional investors and hedge funds own 75.66% of the company’s stock.

Several research firms recently commented on BMS. Bank of America Corporation upgraded Bemis from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $46.00 to $51.00 in a research report on Friday, September 15th. SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 target price (down previously from $49.00) on shares of Bemis in a research report on Thursday, September 14th. Robert W. Baird restated a “hold” rating and set a $48.00 target price on shares of Bemis in a research report on Friday, September 1st. Citigroup Inc. restated a “hold” rating on shares of Bemis in a research report on Thursday, August 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $44.00 target price (down previously from $45.00) on shares of Bemis in a research report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $48.80.

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Bemis Company, Inc. (NYSE:BMS) opened at 46.655 on Friday. The firm has a 50-day moving average price of $45.60 and a 200 day moving average price of $45.53. The company has a market cap of $4.24 billion, a P/E ratio of 21.044 and a beta of 0.90. Bemis Company, Inc. has a 12 month low of $40.60 and a 12 month high of $51.98.

Bemis (NYSE:BMS) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. On average, equities analysts expect that Bemis Company, Inc. will post $2.37 earnings per share for the current year.

About Bemis

Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.

Institutional Ownership by Quarter for Bemis (NYSE:BMS)

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