JMeter: Converting extracted time stamp value to date format

I have to extract the timestamp value from a response and have to pass it as a parameter to next request. I have extracted the timestamp value from Regular Expression Extractor. Time stamp value is 1481086800000 Value to be passed is in the format(Month/Date/Year HH:mm)- 12/07/2016 10:30

Kindly provide your valuable suggestion on how to convert the extracted time stamp value into above date format.

Following code directly converted epoch timestamp to AKST timezone. No need of two samplers as suggested in the comments.

Add JSR223 Sampler, select Groovy and add the following code:

import java.text.*;
//long timeStamp =  Long.parseLong(vars.get("time"));
Date date = new Date(1481086800000); //replace the long value with timeStamp you captured.
DateFormat formatter = new SimpleDateFormat("MM/dd/YYYY HH:mm");

TimeZone tzInAmerica = TimeZone.getTimeZone("America/Anchorage");
formatter.setTimeZone(tzInAmerica);
String dateFormatted = formatter.format(date);
vars.put("newDate", dateFormatted); //access new value using ${newDate}, in your script.
log.info(dateFormatted);

Screenshot reference: