Amplify Snack Brands, inc. (NYSE:BETR) Position Lessened by Credit Suisse AG

Credit Suisse AG lessened its stake in Amplify Snack Brands, inc. (NYSE:BETR) by 84.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,792 shares of the company’s stock after selling 177,475 shares during the quarter. Credit Suisse AG’s holdings in Amplify Snack Brands, inc. were worth $267,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BETR. Teachers Advisors LLC lifted its holdings in shares of Amplify Snack Brands, inc. by 0.5% in the fourth quarter. Teachers Advisors LLC now owns 47,333 shares of the company’s stock worth $417,000 after buying an additional 219 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Amplify Snack Brands, inc. in the first quarter worth $765,000. Wells Fargo & Company MN lifted its holdings in shares of Amplify Snack Brands, inc. by 11.1% in the first quarter. Wells Fargo & Company MN now owns 77,917 shares of the company’s stock worth $654,000 after buying an additional 7,766 shares in the last quarter. US Bancorp DE lifted its holdings in shares of 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 in the last quarter. Finally, Commerce Bank lifted its holdings in shares of 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 in the last quarter. 95.86% of the stock is currently owned by hedge funds and other institutional investors.

BETR has been the topic of several research analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $12.00 target price on shares of Amplify Snack Brands, inc. in a report on Thursday, August 31st. Zacks Investment Research upgraded shares of Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Thursday, July 13th. TheStreet upgraded shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research report on Wednesday, August 2nd. Wedbush restated a “hold” rating on shares of Amplify Snack Brands, inc. in a research report on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Amplify Snack Brands, inc. from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. 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’s stock. Amplify Snack Brands, inc. currently has an average rating of “Hold” and a consensus price target of $12.25.

In other news, insider Brian Goldberg sold 40,000 shares of Amplify Snack Brands, inc. stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $7.01, for a total transaction of $280,400.00. Following the transaction, the insider now owns 1,313,866 shares in the company, valued at approximately $9,210,200.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrew S. Friedman sold 12,000 shares of Amplify Snack Brands, inc. stock in a transaction on Tuesday, July 11th. The stock was sold at an average price of $9.48, for a total value of $113,760.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 268,000 shares of company stock worth $2,397,340. Insiders own 57.40% of the company’s stock.

Amplify Snack Brands, inc. (BETR) opened at 6.74 on Friday. Amplify Snack Brands, inc. has a 52-week low of $6.60 and a 52-week high of $16.96. The firm’s 50-day moving average is $7.05 and its 200-day moving average is $7.05. The company has a market cap of $503.74 million, a PE ratio of 44.64 and a beta of 2.18.

Amplify Snack Brands, inc. (NYSE:BETR) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates 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 $101.00 million for the quarter, compared to analyst estimates of $98.99 million. During the same quarter last year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 68.6% on a year-over-year basis. On average, equities research analysts anticipate that Amplify Snack Brands, inc. will post $0.36 EPS for the current year.

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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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