Brookside Capital Management Llc Increased Ball Corp (NYSE:BLL) Stake by $55.51 Million

May 23, 2018 - By Marguerite Chambers

Ball Corporation (NYSE:BLL) LogoInvestors sentiment decreased to 1.31 in Q4 2017. Its down 0.03, from 1.34 in 2017Q3. It worsened, as 33 investors sold BLL shares while 129 reduced holdings. 75 funds opened positions while 138 raised stakes. 292.68 million shares or 3.20% less from 302.34 million shares in 2017Q3 were reported. Old Natl Savings Bank In invested in 0.25% or 125,462 shares. Bridgewater Assoc Lp stated it has 65,558 shares. Adirondack Tru Communication, a New York-based fund reported 124 shares. Shell Asset reported 17,860 shares stake. Acadian Asset Ltd Com owns 0% invested in Ball Corporation (NYSE:BLL) for 818 shares. Aviva Pcl owns 192,010 shares. Old Mutual Customised Solutions (Proprietary) holds 0.09% in Ball Corporation (NYSE:BLL) or 22,114 shares. Kbc Nv owns 56,423 shares or 0.02% of their US portfolio. Everence Incorporated stated it has 0.16% in Ball Corporation (NYSE:BLL). 53,765 are held by Btim. 36,195 are held by Hightower Limited Com. Robeco Institutional Asset Mgmt Bv has 15,267 shares for 0% of their portfolio. Federated Invsts Inc Pa invested in 11,529 shares. Azimuth Capital Management Limited Liability Corporation accumulated 0.47% or 172,515 shares. Bnp Paribas Arbitrage accumulated 0.01% or 96,838 shares.

Since January 5, 2018, it had 1 buying transaction, and 10 insider sales for $1.64 million activity. The insider Fisher Daniel William bought 9,000 shares worth $360,900. On Friday, January 5 the insider HAYES JOHN A sold $261,823. MORRISON SCOTT C sold $86,202 worth of stock or 2,194 shares. Another trade for 7,017 shares valued at $272,890 was sold by Pauley Lisa Ann. STRAIN ROBERT D sold 2,500 shares worth $98,900. The insider Peterson James N sold 4,384 shares worth $170,532.

Bain Capital increased its stake in Ball Corp (NYSE:BLL) by 33103.16% based on its latest 2018Q1 regulatory filing with the SEC. Brookside Capital Management Llc bought 1.42M shares as the company’s stock rose 3.21% while stock markets declined. The hedge fund run by Bain Capital held 1.43M shares of the containers and packaging company at the end of 2018Q1, valued at $56.70M, up from 4,300 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Ball Corp for a number of months, seems to be bullish on the $13.40 billion market cap company. The stock increased 0.89% or $0.34 during the last trading session, reaching $38.36. About 2.12M shares traded. Ball Corporation (NYSE:BLL) has risen 6.31% since May 23, 2017 and is uptrending. It has underperformed by 5.24% the S&P500.

Brookside Capital Management Llc, which manages about $1.37 billion US Long portfolio, decreased its stake in Citrix Sys Inc (NASDAQ:CTXS) by 140,136 shares to 683,701 shares, valued at $63.45 million in 2018Q1, according to the filing. It also reduced its holding in Biomarin Pharmaceutical Inc (NASDAQ:BMRN) by 305,224 shares in the quarter, leaving it with 86,352 shares, and cut its stake in Avexis Inc (Call) ().

In the 1980s, some Bain Consulting employees were looking for a way to provide investors with a direct profit stream utilizing the management skills learned at Bain. Thus Bain Capital was founded. Bain Capital was able to provide high returns by buying other companies, then using their Bain Consulting experience to improve the operations of the newly acquired firms. As the company expanded over time, Bain has become an organization for the management of large assets and has moved into other areas. Brookside Capital, a subsidiary of Bain Capital, uses fundamental analysis to manage its long/short public equities fund. It also makes use of industry and competitive insights, much as Bain Consulting did. Brookside Capital can be found investing in all economic sectors.

Ball Corporation (NYSE:BLL) Ratings Coverage

Among 4 analysts covering Ball (NYSE:BLL), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Ball had 5 analyst reports since December 4, 2017 according to SRatingsIntel. The stock of Ball Corporation (NYSE:BLL) earned “Underweight” rating by KeyBanc Capital Markets on Friday, December 8. The rating was upgraded by Citigroup to “Buy” on Wednesday, January 17. The firm has “Buy” rating given on Friday, December 15 by Vertical Research. On Monday, February 12 the stock rating was upgraded by KeyBanc Capital Markets to “Sector Weight”. As per Monday, December 4, the company rating was upgraded by BMO Capital Markets.

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household industries. The company has market cap of $13.40 billion. It operates in five divisions: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace. It has a 36.53 P/E ratio. The Beverage Packaging, North and Central America segment makes and sells metal beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

Ball Corporation (NYSE:BLL) Institutional Positions Chart

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