Symons Capital Management Inc. Increases Stake in Amplify Snack Brands, inc. (BETR)

Symons Capital Management Inc. lifted its holdings in shares of Amplify Snack Brands, inc. (NYSE:BETR) by 102.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,658 shares of the company’s stock after acquiring an additional 22,563 shares during the period. Symons Capital Management Inc. owned 0.06% of Amplify Snack Brands, inc. worth $317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Macquarie Group Ltd. lifted its holdings in shares of Amplify Snack Brands, inc. by 3.0% during the second quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock worth $30,636,000 after purchasing an additional 91,157 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Amplify Snack Brands, inc. by 8.4% during the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock worth $24,428,000 after purchasing an additional 195,433 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Amplify Snack Brands, inc. during the second quarter worth $12,611,000. Voya Investment Management LLC lifted its holdings in shares of Amplify Snack Brands, inc. by 10.2% during the second quarter. Voya Investment Management LLC now owns 1,306,263 shares of the company’s stock worth $12,593,000 after purchasing an additional 120,898 shares during the period. Finally, Tributary Capital Management LLC lifted its holdings in shares of Amplify Snack Brands, inc. by 12.0% during the second quarter. Tributary Capital Management LLC now owns 1,155,613 shares of the company’s stock worth $11,140,000 after purchasing an additional 123,621 shares during the period. Institutional investors and hedge funds own 94.85% of the company’s stock.

BETR has been the subject of several recent research reports. Jefferies Group LLC set a $10.00 price target on Amplify Snack Brands, inc. and gave the stock a “buy” rating in a report on Monday, October 30th. Zacks Investment Research raised Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Thursday, July 13th. TheStreet raised Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a report on Wednesday, August 2nd. Wedbush reaffirmed a “hold” rating on shares of Amplify Snack Brands, inc. in a report on Tuesday, August 8th. Finally, SunTrust Banks, Inc. downgraded Amplify Snack Brands, inc. from a “buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.50.

In other news, insider Brian Goldberg sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $7.01, for a total value of $280,400.00. Following the completion of the sale, the insider now directly owns 1,313,866 shares in the company, valued at approximately $9,210,200.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 120,000 shares of company stock valued at $828,800 over the last quarter. Company insiders own 57.40% of the company’s stock.

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Amplify Snack Brands, inc. (BETR) traded up $0.09 during trading on Friday, reaching $5.03. The company’s stock had a trading volume of 107,339 shares, compared to its average volume of 454,132. Amplify Snack Brands, inc. has a 12 month low of $4.78 and a 12 month high of $14.26. The company has a current ratio of 1.16, a quick ratio of 0.84 and a debt-to-equity ratio of 7.66. The firm has a market capitalization of $389.87, a P/E ratio of 20.32, a P/E/G ratio of 1.58 and a beta of 2.10.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Amplify Snack Brands, inc. had a net margin of 2.92% and a return on equity of 28.54%. The firm had revenue of $94.86 million during the quarter, compared to the consensus estimate of $97.70 million. During the same quarter last year, the firm posted $0.12 earnings per share. Amplify Snack Brands, inc.’s revenue was up 39.5% compared to the same quarter last year. equities analysts anticipate that Amplify Snack Brands, inc. will post 0.26 EPS for the current fiscal year.

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

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