Handelsinvest Investeringsforvaltning adds Amplify Snack Brands Inc (BETR) to its portfolio

Amplify Snack Brands Inc (BETR) : Handelsinvest Investeringsforvaltning added new position in Amplify Snack Brands Inc during the most recent quarter end. The investment management firm now holds 45,000 shares of Amplify Snack Brands Inc which is valued at $620,550 , the company said in a statement filed on Aug 8, 2016 with the SEC.Amplify Snack Brands Inc makes up approximately 0.23% of Handelsinvest Investeringsforvaltning’s portfolio.

Other Hedge Funds, Including , Blair William Coil added BETR to its portfolio by purchasing 59,320 company shares during the most recent quarter which is valued at $818,023. Amplify Snack Brands Inc makes up approx 0.01% of Blair William Coil’s portfolio. Boston Advisors added BETR to its portfolio by purchasing 34,960 company shares during the most recent quarter which is valued at $540,132. Amplify Snack Brands Inc makes up approx 0.01% of Boston Advisors’s portfolio.Copper Rock Capital Partners boosted its stake in BETR in the latest quarter, The investment management firm added 562,708 additional shares and now holds a total of 1,942,433 shares of Amplify Snack Brands Inc which is valued at $30,340,803. Amplify Snack Brands Inc makes up approx 2.21% of Copper Rock Capital Partners’s portfolio.Cutler Group Lp boosted its stake in BETR in the latest quarter, The investment management firm added 1,360 additional shares and now holds a total of 4,058 shares of Amplify Snack Brands Inc which is valued at $63,183.Creative Planning reduced its stake in BETR by selling 75 shares or 25.0% in the most recent quarter. The Hedge Fund company now holds 225 shares of BETR which is valued at $3,503.

On the company’s financial health, Amplify Snack Brands Inc reported $0.15 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.15. The company had revenue of $59.90 million for the quarter, compared to analysts expectations of $59.90 million. The company’s revenue was up 26.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on Amplify Snack Brands Inc. Company shares were Reiterated by DA Davidson on Aug 9, 2016 to “Buy”, Firm has raised the Price Target to $ 19 from a previous price target of $18 .

Amplify Snack Brands Inc. is a snack food company. The Company is engaged in marketing and distribution of better-for-you (BFY) ready-to-eat (RTE) snacking products. The Company’s anchor brand SkinnyPop is a BFY RTE popcorn brand. The Company’s SkinnyPop product portfolio consists of four core flavors which include original black pepper white cheddar flavor and naturally sweet along with occasional rotational flavors which are sold in a range of packaging sizes and marketed under the SkinnyPop brand. The Company’s SkinnyPop brand sells products and is sold in over 47000 retail locations in the United States and Canada. The Company distributes its products across a range of retail channels including natural and conventional grocery drug convenience club and mass merchandise. The Company also has a presence in the foodservice and selected other non-food retail channels.

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