Arrowstreet Capital Limited Partnership Takes $5.39 Million Position in Amplify Energy Corp. $AMPY

Key Points

• Arrowstreet Capital acquired 863,815 Amplify Energy shares worth approximately $5.39 million, giving it a 2.09% stake. Institutional investors collectively own 42.84% of the company.
• Amplify Energy reported a quarterly loss of $0.93 per share, missing estimates by $0.99, while revenue of $37.46 million also fell short of forecasts.
• AMPY shares opened at $3.92, near the lower end of their 12-month range, and analysts maintain an overall “Sell” rating. An insider separately purchased 25,000 shares, increasing his position by 13.03%.

Arrowstreet Capital Limited Partnership purchased a new position in Amplify Energy Corp. (NYSE:AMPY - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 863,815 shares of the company's stock, valued at approximately $5,390,000. Arrowstreet Capital Limited Partnership owned 2.09% of Amplify Energy as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lakewood Asset Management LLC raised its stake in Amplify Energy by 7.4% in the fourth quarter. Lakewood Asset Management LLC now owns 34,665 shares of the company's stock worth $158,000 after buying an additional 2,386 shares in the last quarter. First Trust Advisors LP boosted its position in Amplify Energy by 2.5% during the 4th quarter. First Trust Advisors LP now owns 108,768 shares of the company's stock valued at $497,000 after acquiring an additional 2,663 shares in the last quarter. Franklin Resources Inc. boosted its position in Amplify Energy by 31.7% during the 2nd quarter. Franklin Resources Inc. now owns 28,798 shares of the company's stock valued at $92,000 after acquiring an additional 6,935 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Amplify Energy by 45.6% in the 4th quarter. XTX Topco Ltd now owns 22,992 shares of the company's stock valued at $105,000 after acquiring an additional 7,201 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Amplify Energy by 309.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,245 shares of the company's stock valued at $47,000 after acquiring an additional 7,745 shares during the period. 42.84% of the stock is currently owned by institutional investors.

Amplify Energy Trading Up 0.1%

Shares of AMPY stock opened at $3.92 on Monday. Amplify Energy Corp. has a 12-month low of $3.41 and a 12-month high of $6.79. The business's fifty day simple moving average is $4.17 and its 200-day simple moving average is $5.09. The company has a market cap of $161.64 million, a PE ratio of 19.57 and a beta of -0.19.

Amplify Energy (NYSE:AMPY - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.93) earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.99). Amplify Energy had a negative return on equity of 3.71% and a net margin of 5.12%.The business had revenue of $37.46 million during the quarter, compared to analyst estimates of $38.11 million.

Insider Activity at Amplify Energy

In related news, insider James Frew acquired 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of $3.95 per share, with a total value of $98,750.00. Following the transaction, the insider directly owned 216,859 shares of the company's stock, valued at $856,593.05. This trade represents a 13.03% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMPY. Weiss Ratings lowered Amplify Energy from a "hold (c)" rating to a "sell (d)" rating in a research report on Monday, June 1st. Wall Street Zen downgraded Amplify Energy from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of "Sell".

Amplify Energy Profile

Amplify Energy Corp NYSE: AMPY is an independent upstream energy company focused on the exploration, development and production of crude oil and natural gas resources in the United States. The company's operations emphasize both conventional and unconventional plays, combining onshore and offshore activities. Amplify Energy applies advanced reservoir management techniques and disciplined capital allocation to identify and develop reserves with attractive economics while managing commodity price exposure through targeted risk strategies.

The company's asset portfolio is concentrated along the U.S.

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