Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $1.42 Million in Amplify Snack Brands, inc. (BETR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Amplify Snack Brands, inc. (NYSE:BETR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 199,789 shares of the company’s stock, valued at approximately $1,417,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.26% of Amplify Snack Brands at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new stake in shares of Amplify Snack Brands during the second quarter valued at approximately $12,611,000. Vanguard Group Inc. grew its stake in shares of Amplify Snack Brands by 8.4% during the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock valued at $24,428,000 after purchasing an additional 195,433 shares during the last quarter. Century Capital Management LLC grew its stake in shares of Amplify Snack Brands by 45.3% during the second quarter. Century Capital Management LLC now owns 394,273 shares of the company’s stock valued at $3,801,000 after purchasing an additional 122,905 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Amplify Snack Brands by 10.2% during the second quarter. Voya Investment Management LLC now owns 1,306,263 shares of the company’s stock valued at $12,593,000 after purchasing an additional 120,898 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Amplify Snack Brands by 133.0% during the second quarter. TIAA CREF Investment Management LLC now owns 179,180 shares of the company’s stock valued at $1,728,000 after purchasing an additional 102,267 shares during the last quarter. 97.74% of the stock is owned by institutional investors.

Several research firms have recently commented on BETR. Wedbush reissued a “hold” rating on shares of Amplify Snack Brands in a research note on Tuesday, August 8th. BidaskClub cut shares of Amplify Snack Brands from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Credit Suisse Group decreased their price target on shares of Amplify Snack Brands from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 27th. Jefferies Group reissued a “buy” rating and set a $12.00 price target on shares of Amplify Snack Brands in a research note on Thursday, August 31st. Finally, Zacks Investment Research raised shares of Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.75.

In other Amplify Snack Brands news, insider Brian Goldberg sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $7.00, for a total value of $280,000.00. Following the transaction, the insider now directly owns 1,273,866 shares of the company’s stock, valued at $8,917,062. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 57.40% of the stock is currently owned by company insiders.

Amplify Snack Brands, inc. (NYSE BETR) opened at $5.52 on Monday. Amplify Snack Brands, inc. has a 52 week low of $4.78 and a 52 week high of $11.35. The stock has a market cap of $423.64, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.71 and a beta of 2.00. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 6.51.

Amplify Snack Brands (NYSE:BETR) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Amplify Snack Brands had a net margin of 2.92% and a return on equity of 25.78%. The business had revenue of $94.86 million during the quarter, compared to the consensus estimate of $97.70 million. During the same period in the previous year, the business posted $0.12 earnings per share. Amplify Snack Brands’s revenue was up 39.5% compared to the same quarter last year. equities research analysts predict that Amplify Snack Brands, inc. will post 0.26 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $1.42 Million in Amplify Snack Brands, inc. (BETR)” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/12/04/commonwealth-of-pennsylvania-public-school-empls-retrmt-sys-invests-1-42-million-in-amplify-snack-brands-inc-betr.html.

About Amplify Snack Brands

Amplify Snack Brands, Inc is a snack food company focused on developing and marketing products that appeal to consumers’ growing preference for better-for-you (BFY) snacks. The Company’s segments are North America and International. The North America and International segments both operate in the snack food category and whose brands and products are offered in the natural and conventional grocery, drug, convenience, food service, club, mass merchandise and other channels.

Want to see what other hedge funds are holding BETR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amplify Snack Brands, inc. (NYSE:BETR).

Institutional Ownership by Quarter for Amplify Snack Brands (NYSE:BETR)

Receive News & Ratings for Amplify Snack Brands inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amplify Snack Brands inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply