41,386 Shares in Amplify Energy Corp. $AMPY Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Amplify Energy Corp. (NYSE:AMPY) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 41,386 shares of the company’s stock, valued at approximately $132,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC increased its position in Amplify Energy by 71.6% in the 1st quarter. Acadian Asset Management LLC now owns 639,998 shares of the company’s stock valued at $2,388,000 after acquiring an additional 266,947 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Amplify Energy in the 1st quarter valued at approximately $649,000. Public Employees Retirement System of Ohio increased its holdings in shares of Amplify Energy by 1,017.9% in the second quarter. Public Employees Retirement System of Ohio now owns 81,610 shares of the company’s stock valued at $261,000 after purchasing an additional 74,310 shares during the period. Ethic Inc. acquired a new position in shares of Amplify Energy in the first quarter valued at approximately $522,000. Finally, Nuveen LLC purchased a new stake in shares of Amplify Energy during the first quarter worth approximately $275,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amplify Energy

In other Amplify Energy news, insider James Frew purchased 25,000 shares of Amplify Energy stock in a transaction on Tuesday, August 12th. The shares were bought at an average price of $3.70 per share, with a total value of $92,500.00. Following the completion of the acquisition, the insider directly owned 129,222 shares of the company’s stock, valued at approximately $478,121.40. This trade represents a 23.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clint D. Coghill acquired 65,494 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $3.89 per share, with a total value of $254,771.66. Following the completion of the purchase, the director owned 3,504,347 shares in the company, valued at approximately $13,631,909.83. This represents a 1.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 375,000 shares of company stock worth $1,428,845. 10.30% of the stock is owned by corporate insiders.

Amplify Energy Stock Performance

Shares of AMPY stock opened at $5.35 on Monday. The stock has a fifty day moving average price of $4.58 and a 200 day moving average price of $3.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $216.34 million, a PE ratio of 15.27 and a beta of 0.33. Amplify Energy Corp. has a 1 year low of $2.27 and a 1 year high of $7.10.

Amplify Energy (NYSE:AMPY) last posted its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.24). The firm had revenue of $66.40 million during the quarter, compared to analyst estimates of $67.70 million. Amplify Energy had a net margin of 5.64% and a return on equity of 6.61%. Sell-side analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Amplify Energy in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.50.

Amplify Energy 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.