Los Angeles Capital Management LLC Sells 39,000 Shares of Berry Co. (NASDAQ:BRY)

Los Angeles Capital Management LLC decreased its holdings in Berry Co. (NASDAQ:BRY) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,127 shares of the energy company’s stock after selling 39,000 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.25% of Berry worth $802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd bought a new position in Berry during the 4th quarter worth approximately $29,000. McIlrath & Eck LLC acquired a new stake in shares of Berry during the third quarter worth $47,000. EMC Capital Management raised its stake in Berry by 149.7% during the fourth quarter. EMC Capital Management now owns 13,780 shares of the energy company’s stock worth $57,000 after buying an additional 8,261 shares during the last quarter. Quarry LP lifted its holdings in Berry by 390.6% in the third quarter. Quarry LP now owns 12,643 shares of the energy company’s stock valued at $65,000 after buying an additional 10,066 shares during the period. Finally, Caprock Group LLC bought a new stake in Berry during the fourth quarter valued at $70,000. 94.88% of the stock is currently owned by institutional investors and hedge funds.

Berry Price Performance

Berry stock opened at $4.07 on Monday. The stock has a market capitalization of $313.14 million, a price-to-earnings ratio of 3.77 and a beta of 1.62. Berry Co. has a 52-week low of $3.72 and a 52-week high of $8.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s 50 day moving average price is $4.40 and its two-hundred day moving average price is $4.82.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lowered their price objective on Berry from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Monday, November 18th.

Berry Profile

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.