Gabelli Funds LLC Acquires Shares of 2,264,287 Amplify Snack Brands Inc (BETR)

Gabelli Funds LLC bought a new position in shares of Amplify Snack Brands Inc (NYSE:BETR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,264,287 shares of the company’s stock, valued at approximately $27,194,000. Gabelli Funds LLC owned about 2.95% of Amplify Snack Brands at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new position in Amplify Snack Brands in the third quarter valued at approximately $102,000. Verition Fund Management LLC acquired a new position in Amplify Snack Brands during the second quarter worth $119,000. Nationwide Fund Advisors lifted its stake in Amplify Snack Brands by 8.3% during the second quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after purchasing an additional 1,391 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Amplify Snack Brands by 63.9% during the second quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock worth $184,000 after purchasing an additional 7,438 shares in the last quarter. Finally, First Allied Advisory Services Inc. lifted its stake in Amplify Snack Brands by 223.8% during the third 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. Institutional investors and hedge funds own 98.63% of the company’s stock.

Shares of Amplify Snack Brands Inc (BETR) opened at $12.00 on Thursday. 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 company has a market cap of $920.95 and a PE ratio of 100.00. Amplify Snack Brands Inc has a 12-month low of $4.78 and a 12-month high of $12.32.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub lowered Amplify Snack Brands from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Jefferies Group set a $10.00 target price on Amplify Snack Brands and gave the company a “buy” rating in a report on Monday, October 30th. William Blair lowered Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Finally, Oppenheimer restated a “hold” rating on shares of Amplify Snack Brands in a research note on Wednesday, December 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.75.

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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.

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

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