MetLife Investment Advisors LLC purchased a new stake in shares of Amplify Snack Brands Inc (NYSE:BETR) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 14,688 shares of the company’s stock, valued at approximately $176,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gabelli Funds LLC bought a new stake in shares of Amplify Snack Brands during the fourth quarter valued at approximately $27,194,000. Frontier Capital Management Co. LLC raised its holdings in shares of Amplify Snack Brands by 337.4% during 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 buying an additional 1,215,942 shares during the last quarter. Water Island Capital LLC bought a new stake in shares of Amplify Snack Brands during the fourth quarter valued at approximately $18,616,000. Alpine Associates Management Inc. bought a new stake in shares of Amplify Snack Brands during the fourth quarter valued at approximately $18,338,000. Finally, Gardner Lewis Asset Management L P bought a new stake in shares of Amplify Snack Brands during the fourth quarter valued at approximately $17,065,000. 98.63% of the stock is currently owned by institutional investors.
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Several equities research analysts recently commented on the company. SunTrust Banks reissued a “buy” rating and set a $12.00 target price (up previously from $6.00) on shares of Amplify Snack Brands in a report on Wednesday, January 17th. Credit Suisse Group set a $12.00 target price on Amplify Snack Brands and gave the stock a “hold” rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research raised Amplify Snack Brands from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.00.
Shares of NYSE:BETR opened at $12.00 on Friday. Amplify Snack Brands Inc has a 12 month low of $4.78 and a 12 month high of $12.32. The company has a current ratio of 1.34, a quick ratio of 0.94 and a debt-to-equity ratio of 6.51.
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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