Kassirer Asset Management Corp acquired a new position in Amplify Snack Brands Inc (NYSE:BETR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 300,000 shares of the company’s stock, valued at approximately $3,603,000. Amplify Snack Brands accounts for 3.7% of Kassirer Asset Management Corp’s investment portfolio, making the stock its 8th largest position. Kassirer Asset Management Corp owned about 0.39% of Amplify Snack Brands at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BETR. Discovery Group I LLC raised its position in shares of Amplify Snack Brands by 41.0% during the third quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock valued at $34,874,000 after buying an additional 1,430,843 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Amplify Snack Brands by 3.0% in the second quarter. Macquarie Group Ltd. now owns 3,178,059 shares of the company’s stock valued at $30,636,000 after purchasing an additional 91,157 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Amplify Snack Brands by 8.4% in the second quarter. Vanguard Group Inc. now owns 2,534,097 shares of the company’s stock valued at $24,428,000 after purchasing an additional 195,433 shares in the last quarter. Gabelli Funds LLC purchased a new position in shares of Amplify Snack Brands in the fourth quarter valued at $27,194,000. Finally, Frontier Capital Management Co. LLC grew its holdings in shares of Amplify Snack Brands by 337.4% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,576,327 shares of the company’s stock valued at $18,932,000 after purchasing an additional 1,215,942 shares in the last quarter. Institutional investors own 98.63% of the company’s stock.
Several research firms have commented on BETR. Zacks Investment Research raised shares of Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. BidaskClub downgraded Amplify Snack Brands from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. Jefferies Group set a $10.00 target price on Amplify Snack Brands and gave the stock a “buy” rating in a research report on Monday, October 30th. William Blair downgraded Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Finally, Oppenheimer restated a “hold” rating on shares of Amplify Snack Brands in a report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.75.
Amplify Snack Brands Inc (NYSE BETR) opened at $12.00 on Thursday. Amplify Snack Brands Inc has a fifty-two week low of $4.78 and a fifty-two week high of $12.32. The company has a market cap of $920.95 and a PE ratio of 100.00. The company has a quick ratio of 0.94, a current ratio of 1.34 and a debt-to-equity ratio of 6.51.
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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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