Virtu Financial LLC acquired a new position in Amplify Snack Brands Inc (NYSE:BETR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 30,708 shares of the company’s stock, valued at approximately $369,000.
Several other hedge funds have also modified their holdings of BETR. Gabelli Funds LLC bought a new position in Amplify Snack Brands in the fourth quarter valued at $27,194,000. Alpine Associates Management Inc. bought a new position in Amplify Snack Brands in the fourth quarter valued at $18,338,000. Discovery Group I LLC increased its stake in Amplify Snack Brands by 41.0% in the third quarter. Discovery Group I LLC now owns 4,918,795 shares of the company’s stock valued at $34,874,000 after acquiring an additional 1,430,843 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in 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 acquiring an additional 1,215,942 shares during the last quarter. Finally, Chicago Capital Management LLC bought a new position in Amplify Snack Brands in the fourth quarter valued at $14,346,000. Institutional investors own 98.63% of the company’s stock.
Shares of BETR stock remained flat at $$12.00 during trading hours on Friday. 361,470 shares of the stock traded hands, compared to its average volume of 752,850. Amplify Snack Brands Inc has a 12 month low of $4.78 and a 12 month high of $12.32. The stock has a market capitalization of $920.95 and a P/E ratio of 100.00. The company has a debt-to-equity ratio of 6.51, a current ratio of 1.34 and a quick ratio of 0.94.
A number of research firms recently commented on BETR. Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. William Blair cut Amplify Snack Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, December 18th. Oppenheimer reaffirmed a “hold” rating on shares of Amplify Snack Brands in a research note on Wednesday, December 13th. SunTrust Banks reaffirmed a “buy” rating and set a $12.00 price objective (up from $6.00) on shares of Amplify Snack Brands in a research note on Wednesday, January 17th. Finally, Credit Suisse Group set a $12.00 price objective on Amplify Snack Brands and gave the company a “hold” rating in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $10.00.
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Amplify Snack Brands 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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