Personal Capital Advisors Corp increased its stake in shares of Amplify Snack Brands Inc (NYSE:BETR) by 23.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 211,137 shares of the company’s stock after acquiring an additional 39,720 shares during the period. Personal Capital Advisors Corp owned approximately 0.28% of Amplify Snack Brands worth $2,536,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in shares of Amplify Snack Brands by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock valued at $107,000 after purchasing an additional 1,667 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Amplify Snack Brands in the 2nd quarter valued at approximately $119,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Amplify Snack Brands in the 3rd quarter valued at approximately $102,000. Nationwide Fund Advisors raised its position in shares of Amplify Snack Brands by 8.3% in the 2nd quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock valued at $174,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Amplify Snack Brands by 63.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock valued at $184,000 after purchasing an additional 7,438 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Brian Goldberg sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $7.00, for a total value of $280,000.00. Following the completion of the sale, the insider now directly owns 1,273,866 shares in the company, valued at approximately $8,917,062. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 57.40% of the stock is currently owned by insiders.
Shares of Amplify Snack Brands Inc (NYSE:BETR) opened at $12.08 on Friday. Amplify Snack Brands Inc has a twelve month low of $4.78 and a twelve month high of $12.32. The company has a debt-to-equity ratio of 6.51, a current ratio of 1.34 and a quick ratio of 0.94. The firm has a market capitalization of $927.02, a P/E ratio of 48.32, a PEG ratio of 2.04 and a beta of 1.89.
Amplify Snack Brands (NYSE:BETR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $94.86 million during the quarter, compared to the consensus estimate of $97.70 million. During the same quarter last year, the firm posted $0.12 earnings per share. Amplify Snack Brands’s revenue was up 39.5% compared to the same quarter last year. sell-side analysts predict that Amplify Snack Brands Inc will post 0.24 earnings per share for the current fiscal year.
A number of brokerages have issued reports on BETR. Credit Suisse Group set a $12.00 target price on Amplify Snack Brands and gave the company a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. SunTrust Banks reaffirmed a “buy” rating and issued a $12.00 target price (up from $6.00) on shares of Amplify Snack Brands in a research report on Wednesday. William Blair lowered Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Finally, Jefferies Group set a $10.00 target price on Amplify Snack Brands and gave the company a “buy” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.93.
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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.
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