Amplify Snack Brands Inc (BETR): Are Hedge Funds Right About This Stock?

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Let’s also examine hedge fund activity in other stocks similar to Amplify Snack Brands Inc (NYSE:BETR). These stocks are Pampa Energia S.A. (ADR) (NYSE:PAM), Altisource Residential Corp (NYSE:RESI), Standard Motor Products, Inc. (NYSE:SMP), and Ply Gem Holdings Inc (NYSE:PGEM). This group of stocks’ market valuations are similar to BETR’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PAM 10 91727 1
RESI 13 125143 -4
SMP 6 136162 -2
PGEM 20 103687 4

As you can see these stocks had an average of 12.25 hedge funds with bullish positions and the average amount invested in these stocks was $114 million. That figure was $78 million in BETR’s case. Ply Gem Holdings Inc (NYSE:PGEM) is the most popular stock in this table. On the other hand Standard Motor Products, Inc. (NYSE:SMP) is the least popular one with only 6 bullish hedge fund positions. Amplify Snack Brands Inc (NYSE:BETR) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard PGEM might be a better candidate to consider a long position.

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