Personal Capital Advisors Corp raised its stake in Amplify Snack Brands Inc (NYSE:BETR) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 0.28% of Amplify Snack Brands worth $2,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Longfellow Investment Management Co. LLC purchased a new position in Amplify Snack Brands during the fourth quarter worth about $12,010,000. Frontier Capital Management Co. LLC increased its stake in shares of Amplify Snack Brands by 337.4% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,576,327 shares of the company’s stock worth $18,932,000 after purchasing an additional 1,215,942 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Amplify Snack Brands by 15.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 132,233 shares of the company’s stock worth $1,589,000 after purchasing an additional 17,954 shares in the last quarter. First Allied Advisory Services Inc. increased its stake in shares of Amplify Snack Brands by 223.8% during the 3rd quarter. First Allied Advisory Services Inc. now owns 34,000 shares of the company’s stock worth $241,000 after purchasing an additional 23,500 shares in the last quarter. Finally, Discovery Group I LLC increased its stake in shares of Amplify Snack Brands by 41.0% during the 3rd quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock worth $34,874,000 after purchasing an additional 1,430,843 shares in the last quarter. Institutional investors own 98.63% of the company’s stock.
Shares of Amplify Snack Brands Inc (BETR) remained flat at $$12.00 on Monday. 361,400 shares of the company were exchanged, compared to its average volume of 752,850. Amplify Snack Brands Inc has a 52 week low of $4.78 and a 52 week high of $12.32. The stock has a market capitalization of $920.95 and a PE ratio of 100.00. 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 posted its earnings results on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The business had revenue of $94.86 million during the quarter, compared to the consensus estimate of $97.70 million. Amplify Snack Brands had a return on equity of 25.78% and a net margin of 2.92%. The business’s revenue was up 39.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.12 earnings per share. equities research analysts forecast that Amplify Snack Brands Inc will post 0.24 EPS for the current year.
BETR has been the topic of a number of analyst reports. Credit Suisse Group set a $12.00 target price on shares of Amplify Snack Brands and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised shares of Amplify Snack Brands from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. SunTrust Banks lowered shares of Amplify Snack Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Berenberg Bank assumed coverage on shares of Amplify Snack Brands in a research note on Thursday, November 16th. They set a “hold” rating and a $5.00 target price for the company. Finally, William Blair lowered shares of Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.93.
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Amplify Snack Brands Company Profile
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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