Jacobs Levy Equity Management Inc. Grows Stake in Berry Co. (NASDAQ:BRY)

Jacobs Levy Equity Management Inc. boosted its position in shares of Berry Co. (NASDAQ:BRY) by 36.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,323,216 shares of the energy company’s stock after acquiring an additional 356,525 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Berry were worth $10,652,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in Berry by 211.9% during the 4th quarter. Quadrant Capital Group LLC now owns 3,905 shares of the energy company’s stock worth $27,000 after buying an additional 2,653 shares during the last quarter. Viking Fund Management LLC acquired a new position in shares of Berry during the first quarter valued at about $40,000. AJOVista LLC acquired a new stake in shares of Berry during the fourth quarter worth $58,000. Quadrature Capital Ltd purchased a new stake in shares of Berry during the fourth quarter valued at $105,000. Finally, Lazard Asset Management LLC increased its position in shares of Berry by 123.7% in the 1st quarter. Lazard Asset Management LLC now owns 17,383 shares of the energy company’s stock valued at $139,000 after acquiring an additional 9,612 shares during the period. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Berry Stock Performance

BRY traded up $0.13 on Wednesday, reaching $6.84. 154,419 shares of the stock were exchanged, compared to its average volume of 1,013,664. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.60 and a quick ratio of 0.60. The company’s 50-day moving average price is $6.57 and its 200 day moving average price is $7.15. The firm has a market capitalization of $526.27 million, a PE ratio of 671.00 and a beta of 1.77. Berry Co. has a fifty-two week low of $6.07 and a fifty-two week high of $8.94.

Berry (NASDAQ:BRY) last issued its earnings results on Wednesday, May 1st. The energy company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Berry had a net margin of 0.41% and a return on equity of 6.15%. The firm had revenue of $202.31 million during the quarter, compared to analysts’ expectations of $182.65 million. During the same quarter in the prior year, the company earned $0.07 EPS. Berry’s quarterly revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Berry Co. will post 0.84 EPS for the current fiscal year.

About Berry

Berry Petroleum Company, LLC., formerly Berry Petroleum Company, is an independent energy company. The Company is engaged in the production, development, exploitation, and acquisition of oil and natural gas. The Company’s principal reserves and producing properties are located in California (South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, NMWSS-New Steam Floods, Texas (Permian and E.