Rhumbline Advisers Lowers Holdings in Amplify Snack Brands Inc (BETR)

Rhumbline Advisers cut its stake in Amplify Snack Brands Inc (NYSE:BETR) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,645 shares of the company’s stock after selling 5,793 shares during the quarter. Rhumbline Advisers’ holdings in Amplify Snack Brands were worth $368,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BETR. Gabelli Funds LLC purchased a new position in shares of Amplify Snack Brands in the 4th quarter valued at $27,194,000. Alpine Associates Management Inc. purchased a new position in shares of Amplify Snack Brands in the 4th quarter valued at $18,338,000. Frontier Capital Management Co. LLC increased its holdings in shares of Amplify Snack Brands by 337.4% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,576,327 shares of the company’s stock valued at $18,932,000 after acquiring an additional 1,215,942 shares during the period. Chicago Capital Management LLC purchased a new position in shares of Amplify Snack Brands in the 4th quarter valued at $14,346,000. Finally, Longfellow Investment Management Co. LLC acquired a new stake in shares of Amplify Snack Brands in the 4th quarter worth $12,010,000. Institutional investors and hedge funds own 98.63% of the company’s stock.

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Amplify Snack Brands stock opened at $12.00 on Friday. Amplify Snack Brands Inc has a 1-year low of $4.78 and a 1-year high of $12.32. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 6.51.



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. William Blair cut Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. SunTrust Banks reissued a “buy” rating and issued a $12.00 price objective (up previously from $6.00) on shares of Amplify Snack Brands in a research report on Wednesday, January 17th. Finally, Credit Suisse Group set a $12.00 price objective on Amplify Snack Brands and gave the stock a “hold” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.00.

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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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