Luxor Capital Group Lp Exits Position in Amplify Snack Brands Inc (BETR)

Amplify Snack Brands Inc (BETR) : Luxor Capital Group Lp has sold out all of its stake in Amplify Snack Brands Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 1,942,233 shares of Amplify Snack Brands Inc which is valued at $28,298,335.

Other Hedge Funds, Including , Visium Asset Management Lp sold out all of its stake in BETR during the most recent quarter. The investment firm sold 153,415 shares of BETR which is valued $2,235,257.Alliancebernstein boosted its stake in BETR in the latest quarter, The investment management firm added 22,700 additional shares and now holds a total of 34,000 shares of Amplify Snack Brands Inc which is valued at $495,380.Tower Research Capital (trc) boosted its stake in BETR in the latest quarter, The investment management firm added 2,108 additional shares and now holds a total of 3,549 shares of Amplify Snack Brands Inc which is valued at $51,709. Simplex Trading sold out all of its stake in BETR during the most recent quarter. The investment firm sold 7,940 shares of BETR which is valued $124,023.

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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