Alliancebernstein L.P. continued to hold its stake in Amplify Snack Brands, inc. (NYSE:BETR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,400 shares of the company’s stock at the end of the first quarter. Alliancebernstein L.P.’s holdings in Amplify Snack Brands, inc. were worth $138,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Commerce Bank boosted 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. First Dallas Securities Inc. boosted its stake in Amplify Snack Brands, inc. by 6.1% in the first quarter. First Dallas Securities Inc. now owns 32,550 shares of the company’s stock worth $274,000 after buying an additional 1,875 shares during the last quarter. Handelsinvest Investeringsforvaltning boosted its stake in Amplify Snack Brands, inc. by 151.4% in the first quarter. Handelsinvest Investeringsforvaltning now owns 172,700 shares of the company’s stock worth $1,451,000 after buying an additional 104,000 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in Amplify Snack Brands, inc. by 64.3% in the first quarter. Handelsbanken Fonder AB now owns 575,000 shares of the company’s stock worth $4,830,000 after buying an additional 225,000 shares during the last quarter. Finally, US Bancorp DE boosted 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 owned by institutional investors and hedge funds.

Shares of Amplify Snack Brands, inc. (NYSE:BETR) traded down 0.76% during trading on Friday, hitting $6.55. 551,779 shares of the stock traded hands. The firm has a market cap of $502.78 million, a P/E ratio of 47.12 and a beta of 2.04. The company has a 50-day moving average of $9.28 and a 200-day moving average of $9.12. Amplify Snack Brands, inc. has a 52 week low of $6.40 and a 52 week high of $17.53.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its earnings results on Tuesday, August 8th. The company reported $0.08 earnings per share for the quarter, hitting 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 million for the quarter, compared to analyst estimates of $98.99 million. During the same period in the prior year, the firm earned $0.15 earnings per share. Amplify Snack Brands, inc.’s revenue for the quarter was up 68.6% on a year-over-year basis. On average, analysts forecast that Amplify Snack Brands, inc. will post $0.37 EPS for the current fiscal year.

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A number of research firms recently issued reports on BETR. Zacks Investment Research cut Amplify Snack Brands, inc. from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Jefferies Group LLC set a $12.00 target price on Amplify Snack Brands, inc. and gave the stock a “buy” rating in a research note on Saturday, July 29th. TheStreet raised Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a research note on Wednesday, August 2nd. Wedbush reissued a “hold” rating on shares of Amplify Snack Brands, inc. in a research note on Tuesday, August 8th. Finally, BidaskClub cut Amplify Snack Brands, inc. from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Amplify Snack Brands, inc. currently has an average rating of “Hold” and an average target price of $13.36.

In other news, CEO Thomas C. Ennis sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $9.70, for a total transaction of $485,000.00. Following the transaction, the chief executive officer now directly owns 2,930,952 shares of the company’s stock, valued at $28,430,234.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian Goldberg sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $6.71, for a total value of $268,400.00. Following the transaction, the chief financial officer now directly owns 1,353,866 shares in the company, valued at $9,084,440.86. The disclosure for this sale can be found here. Insiders have sold 308,000 shares of company stock worth $2,839,740 over the last ninety days. 57.40% of the stock is owned by insiders.

Amplify Snack Brands, inc. Company 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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