Yacktman Asset Management LP Reduces Holdings in Amplify Energy Corp. (NYSE:AMPY)

Yacktman Asset Management LP lowered its position in Amplify Energy Corp. (NYSE:AMPY) by 4.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 235,000 shares of the company’s stock after selling 10,000 shares during the quarter. Yacktman Asset Management LP owned about 0.60% of Amplify Energy worth $1,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Foundry Partners LLC bought a new position in Amplify Energy in the 3rd quarter worth about $4,023,000. AQR Capital Management LLC grew its stake in Amplify Energy by 332.4% during the third quarter. AQR Capital Management LLC now owns 710,508 shares of the company’s stock valued at $5,222,000 after acquiring an additional 546,209 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Amplify Energy during the 3rd quarter worth approximately $2,670,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Amplify Energy in the 3rd quarter worth approximately $763,000. Finally, Panagora Asset Management Inc. grew its position in shares of Amplify Energy by 29.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 288,442 shares of the company’s stock valued at $2,120,000 after purchasing an additional 66,186 shares in the last quarter. 42.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on AMPY shares. Alliance Global Partners assumed coverage on shares of Amplify Energy in a research note on Monday, January 22nd. They issued a “buy” rating and a $9.00 price target for the company. Roth Mkm reaffirmed a “buy” rating and set a $9.50 price target on shares of Amplify Energy in a research note on Friday, April 12th.

Amplify Energy Trading Up 1.9 %

Shares of NYSE:AMPY traded up $0.14 on Friday, reaching $7.43. 231,559 shares of the company traded hands, compared to its average volume of 588,372. The stock has a market capitalization of $294.30 million, a P/E ratio of 0.75 and a beta of 2.10. Amplify Energy Corp. has a 52 week low of $3.56 and a 52 week high of $8.21. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $6.49 and its 200 day simple moving average is $6.35.

Amplify Energy (NYSE:AMPY) last posted its earnings results on Wednesday, March 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.86. The company had revenue of $78.99 million during the quarter, compared to analyst estimates of $73.33 million. Amplify Energy had a net margin of 122.36% and a return on equity of 10.50%. As a group, equities analysts anticipate that Amplify Energy Corp. will post 1.15 EPS for the current fiscal year.

Amplify Energy Company Profile

Amplify Energy Corp., together with its subsidiaries, engages in the acquisition, development, exploitation, and production of oil and natural gas properties in the United States. The company's properties consist of operated and non-operated working interests in producing and undeveloped leasehold acreage, as well as working interests in identified producing wells located in Oklahoma, the Rockies, federal waters offshore Southern California, East Texas/North Louisiana, and Eagle Ford.