Cambridge Trust Co. increased its stake in shares of Amplify Snack Brands, inc. (NYSE:BETR) by 6.4% during the second quarter, Holdings Channel reports. The fund owned 44,340 shares of the company’s stock after buying an additional 2,653 shares during the period. Cambridge Trust Co.’s holdings in Amplify Snack Brands, inc. were worth $427,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hodges Capital Management Inc. boosted its position in Amplify Snack Brands, inc. by 7.7% in the first quarter. Hodges Capital Management Inc. now owns 3,462,650 shares of the company’s stock valued at $29,086,000 after buying an additional 247,635 shares during the last quarter. Macquarie Group Ltd. boosted its position in Amplify Snack Brands, inc. by 2.2% in the first quarter. Macquarie Group Ltd. now owns 3,086,902 shares of the company’s stock valued at $25,930,000 after buying an additional 66,914 shares during the last quarter. Vanguard Group Inc. boosted its position in Amplify Snack Brands, inc. by 7.5% in the first quarter. Vanguard Group Inc. now owns 2,338,664 shares of the company’s stock valued at $19,645,000 after buying an additional 162,290 shares during the last quarter. Champlain Investment Partners LLC boosted its position in Amplify Snack Brands, inc. by 65.7% in the first quarter. Champlain Investment Partners LLC now owns 2,082,545 shares of the company’s stock valued at $17,493,000 after buying an additional 825,720 shares during the last quarter. Finally, Janus Capital Management LLC bought a new position in Amplify Snack Brands, inc. during the first quarter valued at $15,370,000. 93.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Amplify Snack Brands, inc. (BETR) opened at 9.76 on Monday. The firm’s 50-day moving average is $9.69 and its 200-day moving average is $9.33. Amplify Snack Brands, inc. has a one year low of $7.86 and a one year high of $17.53. The stock has a market capitalization of $725.09 million, a PE ratio of 38.27 and a beta of 2.04.

Amplify Snack Brands, inc. (NYSE:BETR) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. Amplify Snack Brands, inc. had a return on equity of 47.40% and a net margin of 6.39%. The business had revenue of $87.21 million for the quarter, compared to analysts’ expectations of $87.54 million. During the same period in the prior year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 60.5% compared to the same quarter last year. On average, analysts expect that Amplify Snack Brands, inc. will post $0.42 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on BETR shares. Zacks Investment Research raised shares of Amplify Snack Brands, inc. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday, July 13th. Jefferies Group LLC set a $12.00 price objective on shares of Amplify Snack Brands, inc. and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, TheStreet raised shares of Amplify Snack Brands, inc. from a “d+” rating to a “c” rating in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.61.

In other Amplify Snack Brands, inc. news, CFO Brian Goldberg sold 40,000 shares of the firm’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 directly owns 1,393,866 shares of the company’s stock, valued at approximately $13,882,905.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela L. Netzky sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $10.02, for a total transaction of $350,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 268,000 shares of company stock valued at $2,571,340 over the last three months. 57.40% of the stock is currently owned by insiders.

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.

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

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