Amplify Snack Brands, inc. (NYSE:BETR) Stake Cut by Pioneer Investment Management Inc.

Pioneer Investment Management Inc. lowered its position in Amplify Snack Brands, inc. (NYSE:BETR) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 358,024 shares of the company’s stock after selling 1,395 shares during the period. Pioneer Investment Management Inc. owned approximately 0.48% of Amplify Snack Brands, inc. worth $3,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Commerce Bank increased its stake in Amplify Snack Brands, inc. by 36.5% in the first quarter. Commerce Bank now owns 16,975 shares of the company’s stock worth $143,000 after buying an additional 4,535 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Amplify Snack Brands, inc. during the fourth quarter worth approximately $150,000. American International Group Inc. increased its stake in Amplify Snack Brands, inc. by 7.1% in the first quarter. American International Group Inc. now owns 17,999 shares of the company’s stock worth $151,000 after buying an additional 1,186 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Amplify Snack Brands, inc. by 15.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 21,482 shares of the company’s stock worth $180,000 after buying an additional 2,827 shares during the last quarter. Finally, US Bancorp DE increased its stake in Amplify Snack Brands, inc. by 85.3% in the first quarter. US Bancorp DE now owns 23,480 shares of the company’s stock worth $197,000 after buying an additional 10,808 shares during the last quarter. 93.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Amplify Snack Brands, inc. (BETR) opened at 6.94 on Tuesday. The stock has a 50 day moving average price of $9.60 and a 200 day moving average price of $9.20. Amplify Snack Brands, inc. has a 12 month low of $6.89 and a 12 month high of $17.53. The stock has a market capitalization of $532.72 million, a P/E ratio of 49.93 and a beta of 2.04.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Amplify Snack Brands, inc. had a return on equity of 36.58% and a net margin of 3.43%. The company had revenue of $101 million for the quarter, compared to analysts’ expectations of $98.99 million. During the same period last year, the firm earned $0.15 EPS. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. On average, analysts anticipate that Amplify Snack Brands, inc. will post $0.37 EPS for the current fiscal year.

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A number of analysts have commented on BETR shares. Jefferies Group LLC set a $12.00 target price on Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research report on Saturday, July 29th. Zacks Investment Research downgraded Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. TheStreet upgraded Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. Wedbush reiterated a “hold” rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.36.

In related news, CFO Brian Goldberg sold 40,000 shares of Amplify Snack Brands, inc. stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $9.10, for a total value of $364,000.00. Following the transaction, the chief financial officer now directly owns 1,473,866 shares in the company, valued at approximately $13,412,180.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew S. Friedman sold 6,000 shares of Amplify Snack Brands, inc. stock in a transaction on Monday, July 10th. The stock was sold at an average price of $9.43, for a total value of $56,580.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 268,000 shares of company stock worth $2,571,340. 57.40% of the stock is owned by insiders.

About Amplify Snack Brands, inc.

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, inc. (NYSE:BETR)

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