Company shares last traded at $9.71 just a bit higher than $8.98, the 50 day moving average and which is a tad above the 200 day moving average of $9.24. The 50 day moving average went up by +8.16% and the 200 day average went up by +5.03%. Trading volume for Amplify Snack Brands, Inc. was 248K by the end of trading on Thursday. Trading volume was down 74.89% under the stocks average daily volume.
Here is the rundown on market activity for Amplify Snack Brands, Inc. (NYSE:BETR). Brian Goldberg, CFO let go of $358,800 worth of shares at a price of $8.97 on Wed the 21st. That brings the CFO’s holdings to $12,682,378 as reported to the SEC. Brian Goldberg, CFO sold $364,000 worth of shares at a price of $9.10 on May 31st. The CFO now owns $13,230,181 of the stock per an SEC filing yesterday.
Pamela L. Netzky, Director reported the sale of 10,500 shares of (BETR). The shares were purchased at an average price of $13.84. The Director now owns $34,866,046 of the stock per the Form 4 SEC filing.
Here are a few other firms who have also updated their positions. Gw&k Investment Management, LLC cut its stake by shedding 30,709 shares a decrease of 2.6% in the quarter. Gw&k Investment Management, LLC now holds 1,142,283 shares valued at $11,012,000. The value of the position overall is up by 11.8%. As of the end of the quarter Handelsbanken Fonder Ab had bought a total of 75,000 shares growing its position 13.0%. The value of the total investment in Amplify Snack Brands, Inc. increased from $4,830,000 to $6,266,000 increasing 29.7% since the last quarter.
Morgan Stanley divested its position by selling 1,971 shares a decrease of 79.1% from 12/31/2016 to 03/31/2017. Morgan Stanley now controls 522 shares with a value of $4,000. The total value of its holdings decreased 81.8%. Cambridge Trust Co added to its ownership by buying 19,325 shares an increase of 86.4%. Cambridge Trust Co claims 41,687 shares worth $350,000. The total value of its holdings increased 77.7%.
On November 30 Jefferies held the stock rating at “Buy” and lowered the price target to $14.00 from $16.00. Equity analyst Credit Suisse lowered the price target and downgraded the stock on November 15 cutting the price target from $16.00 to $13.00 and setting the rating at “Neutral” which had previously been “Outperform”.
On November 15 the stock rating was downgraded to “Neutral” from “Outperform” and a price target of $13.00 was set in a report from Credit Suisse. On November 15 the company was downgraded from “Outperform” to “Perform” by analysts at Oppenheimer.
On October 14 the stock rating was downgraded from “Buy” to “Neutral” by Goldman Sachs. September 7 investment analysts at Oppenheimer kept the stock rating at “Outperform” and moved up the price target from $19.00 to $20.00.
In the market the company is trading up since yesterday’s close of $9.58. The P/E ratio is currently 38.08 and the market cap is 721.38M. In the latest earnings report the EPS was $0.25 and is expected to be $0.42 for the current year with 74,292,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.13 with next year’s EPS anticipated to be $0.58.
Amplify Snack Brands, Inc., launched on July 2, 2015, is a snack food company focused on developing and marketing products that appeal to consumers’ growing preference for better-for-you (BFY) snacks. The Business’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. Its anchor brand, SkinnyPop, is a BFY ready-to-eat (RTE) popcorn brand..Advertisement