Voya Investment Management LLC Grows Position in Amplify Snack Brands, inc. (BETR)

Voya Investment Management LLC lifted its stake in Amplify Snack Brands, inc. (NYSE:BETR) by 10.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,306,263 shares of the company’s stock after buying an additional 120,898 shares during the quarter. Voya Investment Management LLC owned approximately 1.70% of Amplify Snack Brands, inc. worth $12,593,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of BETR. Janus Capital Management LLC purchased a new stake in shares of Amplify Snack Brands, inc. in the first quarter worth about $15,370,000. Champlain Investment Partners LLC raised its holdings in shares of Amplify Snack Brands, inc. by 65.7% during the first quarter. Champlain Investment Partners LLC now owns 2,082,545 shares of the company’s stock valued at $17,493,000 after acquiring an additional 825,720 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $24,428,000 after acquiring an additional 195,433 shares during the last quarter. Tributary Capital Management LLC raised 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 valued at $11,140,000 after acquiring an additional 123,621 shares during the last quarter. Finally, Century Capital Management LLC raised its holdings in shares of Amplify Snack Brands, inc. by 45.3% during the second quarter. Century Capital Management LLC now owns 394,273 shares of the company’s stock valued at $3,801,000 after acquiring an additional 122,905 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Shares of Amplify Snack Brands, inc. (BETR) opened at 7.51 on Friday. Amplify Snack Brands, inc. has a 52-week low of $6.60 and a 52-week high of $15.76. The firm has a market cap of $561.29 million, a PE ratio of 49.74 and a beta of 2.17. The stock’s 50 day moving average price is $7.18 and its 200-day moving average price is $7.18.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $101.00 million during the quarter, compared to analysts’ expectations of $98.99 million. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. Amplify Snack Brands, inc.’s revenue was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. On average, equities research analysts anticipate that Amplify Snack Brands, inc. will post $0.35 earnings per share for the current fiscal year.

In related news, Director Pamela L. Netzky sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $10.02, for a total transaction of $350,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian Goldberg sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $9.96, for a total transaction of $398,400.00. Following the completion of the transaction, the chief financial officer now owns 1,393,866 shares of the company’s stock, valued at approximately $13,882,905.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,000 shares of company stock valued at $1,498,500. Corporate insiders own 57.40% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Voya Investment Management LLC Grows Position in Amplify Snack Brands, inc. (BETR)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/15/voya-investment-management-llc-purchases-120898-shares-of-amplify-snack-brands-inc-betr.html.

A number of equities analysts have commented on BETR shares. Jefferies Group LLC reissued a “buy” rating and set a $12.00 target price on shares of Amplify Snack Brands, inc. in a report on Thursday, August 31st. Zacks Investment Research upgraded Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, July 13th. TheStreet upgraded 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 Tuesd

Several other institutional investors and hedge funds also recently modified their holdings of BETR. Janus Capital Management LLC purchased a new stake in shares of Amplify Snack Brands, inc. in the first quarter worth about $15,370,000. Champlain Investment Partners LLC raised its holdings in shares of Amplify Snack Brands, inc. by 65.7% during the first quarter. Champlain Investment Partners LLC now owns 2,082,545 shares of the company’s stock valued at $17,493,000 after acquiring an additional 825,720 shares during the last quarter. Vanguard Group Inc. raised 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 valued at $24,428,000 after acquiring an additional 195,433 shares during the last quarter. Tributary Capital Management LLC raised 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 valued at $11,140,000 after acquiring an additional 123,621 shares during the last quarter. Finally, Century Capital Management LLC raised its holdings in shares of Amplify Snack Brands, inc. by 45.3% during the second quarter. Century Capital Management LLC now owns 394,273 shares of the company’s stock valued at $3,801,000 after acquiring an additional 122,905 shares during the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Shares of Amplify Snack Brands, inc. (BETR) opened at 7.51 on Friday. Amplify Snack Brands, inc. has a 52-week low of $6.60 and a 52-week high of $15.76. The firm has a market cap of $561.29 million, a PE ratio of 49.74 and a beta of 2.17. The stock’s 50 day moving average price is $7.18 and its 200-day moving average price is $7.18.

Amplify Snack Brands, inc. (NYSE:BETR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $101.00 million during the quarter, compared to analysts’ expectations of $98.99 million. Amplify Snack Brands, inc. had a net margin of 3.43% and a return on equity of 36.58%. Amplify Snack Brands, inc.’s revenue was up 68.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 EPS. On average, equities research analysts anticipate that Amplify Snack Brands, inc. will post $0.35 earnings per share for the current fiscal year.

In related news, Director Pamela L. Netzky sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $10.02, for a total transaction of $350,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian Goldberg sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $9.96, for a total transaction of $398,400.00. Following the completion of the transaction, the chief financial officer now owns 1,393,866 shares of the company’s stock, valued at approximately $13,882,905.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,000 shares of company stock valued at $1,498,500. Corporate insiders own 57.40% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Voya Investment Management LLC Grows Position in Amplify Snack Brands, inc. (BETR)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/15/voya-investment-management-llc-purchases-120898-shares-of-amplify-snack-brands-inc-betr.html.

A number of equities analysts have commented on BETR shares. Jefferies Group LLC reissued a “buy” rating and set a $12.00 target price on shares of Amplify Snack Brands, inc. in a report on Thursday, August 31st. Zacks Investment Research upgraded Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Thursday, July 13th. TheStreet upgraded 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, Credit Suisse Group reduced their price objective on Amplify Snack Brands, inc. 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, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $9.90.

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.

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

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