Stoneridge Investment Partners LLC increased its stake in Amplify Snack Brands Inc. (NYSE:BETR) by 8.3% during the second quarter, Holdings Channel reports. The firm owned 153,282 shares of the company’s stock after buying an additional 11,693 shares during the period. Stoneridge Investment Partners LLC owned approximately 0.20% of Amplify Snack Brands worth $2,261,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC bought a new position in Amplify Snack Brands during the second quarter valued at approximately $17,321,000. Copper Rock Capital Partners LLC increased its stake in shares of Amplify Snack Brands by 40.8% in the second quarter. Copper Rock Capital Partners LLC now owns 1,942,433 shares of the company’s stock valued at $28,651,000 after buying an additional 562,708 shares during the period. Loomis Sayles & Co. L P acquired a new stake in shares of Amplify Snack Brands during the first quarter valued at about $2,473,000. Kennedy Capital Management Inc. acquired a new stake in shares of Amplify Snack Brands during the first quarter valued at about $1,888,000. Finally, Prudential Financial Inc. acquired a new stake in shares of Amplify Snack Brands during the first quarter valued at about $1,489,000. 90.99% of the stock is currently owned by hedge funds and other institutional investors.
Amplify Snack Brands Inc. (NYSE:BETR) traded down 0.06% during trading on Wednesday, reaching $16.66. The company’s stock had a trading volume of 1,036,306 shares. The stock has a 50-day moving average of $15.80 and a 200 day moving average of $14.45. The firm has a market capitalization of $1.18 billion and a P/E ratio of 69.13. Amplify Snack Brands Inc. has a one year low of $9.15 and a one year high of $17.53.
Amplify Snack Brands (NYSE:BETR) last announced its earnings results on Monday, August 8th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. Amplify Snack Brands had a return on equity of 233.97% and a net margin of 9.00%. The business earned $59.90 million during the quarter, compared to analysts’ expectations of $47.40 million. The company’s revenue was up 26.4% compared to the same quarter last year. On average, equities research analysts predict that Amplify Snack Brands Inc. will post $0.61 EPS for the current fiscal year.
Several analysts recently issued reports on BETR shares. DA Davidson lifted their target price on Amplify Snack Brands from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Oppenheimer Holdings Inc. lifted their target price on Amplify Snack Brands from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, September 7th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $18.00 target price on shares of Amplify Snack Brands in a research note on Saturday, July 2nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.67.
In other news, Director Pamela L. Netzky sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $16.20, for a total value of $170,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela L. Netzky sold 42,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $15.51, for a total value of $651,420.00. The disclosure for this sale can be found here. Company insiders own 74.70% of the company’s stock.
Amplify Snack Brands Company Profile
Amplify Snack Brands, Inc is a snack food company. The Company and its subsidiaries are focused on developing and marketing products that appeal to consumers’ preference for Better-For-You (BFY) snacks. Its BFY-focused snacking platform consists of two brands: SkinnyPop and Paqui. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand.
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