Nuveen LLC Invests $275,000 in Amplify Energy Corp. $AMPY

Key Points

• Nuveen LLC acquired 73,428 shares of Amplify Energy Corp. for approximately $275,000, representing a 0.18% ownership stake in the company at the end of the first quarter.
• Insider James Frew purchased 50,000 shares at an average price of $3.50, increasing his ownership in Amplify Energy by 92.21% during the last quarter.
• Amplify Energy reported a net margin of 5.64% and a return on equity of 6.61%, but missed earnings expectations with an EPS of ($0.10) for the recent quarter.

Nuveen LLC bought a new stake in Amplify Energy Corp. (NYSE:AMPY - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 73,428 shares of the company's stock, valued at approximately $275,000. Nuveen LLC owned 0.18% of Amplify Energy at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Amplify Energy by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,463,188 shares of the company's stock valued at $14,779,000 after buying an additional 88,707 shares during the period. Foundry Partners LLC grew its position in shares of Amplify Energy by 10.5% in the first quarter. Foundry Partners LLC now owns 690,055 shares of the company's stock valued at $2,581,000 after purchasing an additional 65,325 shares in the last quarter. Northern Trust Corp grew its position in shares of Amplify Energy by 3.3% in the fourth quarter. Northern Trust Corp now owns 363,646 shares of the company's stock valued at $2,182,000 after purchasing an additional 11,621 shares in the last quarter. Rhumbline Advisers grew its position in shares of Amplify Energy by 11.9% in the first quarter. Rhumbline Advisers now owns 114,161 shares of the company's stock valued at $427,000 after purchasing an additional 12,131 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Amplify Energy by 84.8% in the fourth quarter. Jane Street Group LLC now owns 86,785 shares of the company's stock valued at $521,000 after purchasing an additional 39,822 shares in the last quarter. 42.84% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider James Frew acquired 50,000 shares of the business's stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $3.50 per share, for a total transaction of $175,000.00. Following the acquisition, the insider owned 104,222 shares of the company's stock, valued at $364,777. This trade represents a 92.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Clint D. Coghill acquired 167,086 shares of the business's stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average price of $3.88 per share, with a total value of $648,293.68. Following the completion of the acquisition, the director directly owned 3,438,853 shares in the company, valued at approximately $13,342,749.64. This represents a 5.11% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 652,176 shares of company stock worth $2,437,581 over the last ninety days. 10.30% of the stock is owned by corporate insiders.

Amplify Energy Price Performance

Amplify Energy stock traded up $0.01 during midday trading on Thursday, hitting $3.98. 237,401 shares of the company's stock were exchanged, compared to its average volume of 442,732. Amplify Energy Corp. has a 52-week low of $2.27 and a 52-week high of $7.35. The stock has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $3.44. 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 company has a market cap of $160.87 million, a P/E ratio of 11.36 and a beta of 0.52.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.12). Amplify Energy had a return on equity of 6.61% and a net margin of 5.64%.The business had revenue of $68.36 million for the quarter, compared to analysts' expectations of $68.51 million. On average, equities research analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMPY. Benchmark reiterated a "buy" rating on shares of Amplify Energy in a research report on Thursday, July 3rd. Wall Street Zen cut Amplify Energy from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, Alliance Global Partners began coverage on Amplify Energy in a research report on Monday, June 30th. They issued a "buy" rating and a $6.00 price target for the company. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average 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.