The Manufacturers Life Insurance Company grew its holdings in Amplify Snack Brands, inc. (NYSE:BETR) by 15.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 28,547 shares of the company’s stock after acquiring an additional 3,899 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Amplify Snack Brands were worth $275,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in Amplify Snack Brands by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 11,124 shares of the company’s stock worth $107,000 after buying an additional 1,667 shares during the last quarter. Nationwide Fund Advisors grew its stake in Amplify Snack Brands by 8.3% during the 2nd quarter. Nationwide Fund Advisors now owns 18,094 shares of the company’s stock worth $174,000 after buying an additional 1,391 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Amplify Snack Brands by 15.2% during the 1st 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. Parametric Portfolio Associates LLC grew its stake in Amplify Snack Brands by 63.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,085 shares of the company’s stock worth $184,000 after buying an additional 7,438 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Amplify Snack Brands by 77.4% during the 2nd quarter. Alliancebernstein L.P. now owns 29,100 shares of the company’s stock worth $281,000 after buying an additional 12,700 shares during the last quarter. Institutional investors and hedge funds own 97.74% of the company’s stock.
In other Amplify Snack Brands news, insider Brian Goldberg sold 40,000 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $7.00, for a total transaction of $280,000.00. Following the completion of the sale, the insider now directly owns 1,273,866 shares of the company’s stock, valued at approximately $8,917,062. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 57.40% of the stock is currently owned by company insiders.
Amplify Snack Brands (NYSE:BETR) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Amplify Snack Brands had a return on equity of 25.78% and a net margin of 2.92%. The company had revenue of $94.86 million for the quarter, compared to analyst estimates of $97.70 million. During the same period in the previous year, the business posted $0.12 earnings per share. The firm’s revenue was up 39.5% compared to the same quarter last year. equities analysts predict that Amplify Snack Brands, inc. will post 0.26 EPS for the current year.
A number of research analysts recently issued reports on BETR shares. Wedbush restated a “hold” rating on shares of Amplify Snack Brands in a research note on Tuesday, August 8th. BidaskClub downgraded Amplify Snack Brands from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Zacks Investment Research upgraded Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Jefferies Group restated a “buy” rating and set a $12.00 price target on shares of Amplify Snack Brands in a research note on Thursday, August 31st. Finally, Credit Suisse Group dropped their price target on Amplify Snack Brands from $9.00 to $7.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $8.75.
About Amplify Snack Brands
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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