Gabelli Funds LLC acquired a new stake in shares of Amplify Snack Brands Inc (NYSE:BETR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,264,287 shares of the company’s stock, valued at approximately $27,194,000. Gabelli Funds LLC owned approximately 2.95% of Amplify Snack Brands at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of BETR. Verition Fund Management LLC purchased a new position in Amplify Snack Brands in the 2nd quarter worth approximately $119,000. Cambridge Investment Research Advisors Inc. purchased a new position in Amplify Snack Brands in the 3rd quarter worth approximately $102,000. Nationwide Fund Advisors grew its stake in Amplify Snack Brands by 8.3% in the 2nd quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after buying an additional 1,391 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Amplify Snack Brands by 63.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock worth $184,000 after buying an additional 7,438 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Amplify Snack Brands by 15.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,547 shares of the company’s stock worth $275,000 after buying an additional 3,899 shares in the last quarter. 98.63% of the stock is owned by institutional investors.
BETR has been the subject of a number of research reports. Credit Suisse Group set a $12.00 price target on shares of Amplify Snack Brands and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks cut shares of Amplify Snack Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Berenberg Bank initiated coverage on shares of Amplify Snack Brands in a research note on Thursday, November 16th. They issued a “hold” rating and a $5.00 price objective for the company. Finally, William Blair cut shares of Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Amplify Snack Brands has a consensus rating of “Hold” and an average target price of $9.75.
Amplify Snack Brands (NYSE:BETR) last issued its quarterly earnings data 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 company 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 firm’s revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 earnings per share. analysts anticipate that Amplify Snack Brands Inc will post 0.24 EPS for the current year.
Amplify Snack Brands 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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