Renaissance Technologies LLC Trims Stock Position in Amplify Energy Corp. (NYSE:AMPY)

Renaissance Technologies LLC reduced its stake in shares of Amplify Energy Corp. (NYSE:AMPY - Free Report) by 92.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,300 shares of the company's stock after selling 130,700 shares during the quarter. Renaissance Technologies LLC's holdings in Amplify Energy were worth $68,000 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. Rangeley Capital LLC purchased a new position in Amplify Energy during the 4th quarter valued at $8,154,000. American Century Companies Inc. lifted its holdings in Amplify Energy by 26.8% during the 4th quarter. American Century Companies Inc. now owns 1,085,645 shares of the company's stock valued at $6,514,000 after buying an additional 229,608 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Amplify Energy in the 4th quarter worth about $1,022,000. Foundry Partners LLC increased its holdings in Amplify Energy by 9.5% during the 4th quarter. Foundry Partners LLC now owns 624,730 shares of the company's stock worth $3,748,000 after purchasing an additional 53,960 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Amplify Energy by 272.4% in the 3rd quarter. Barclays PLC now owns 52,159 shares of the company's stock worth $341,000 after buying an additional 38,151 shares during the period. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMPY. Industrial Alliance Securities set a $8.50 price objective on Amplify Energy in a report on Friday, March 7th. Alliance Global Partners reissued a "buy" rating on shares of Amplify Energy in a report on Friday, March 7th. Finally, Benchmark reaffirmed a "buy" rating and set a $11.00 target price on shares of Amplify Energy in a research report on Thursday, January 16th.

Insiders Place Their Bets

In related news, Director Todd R. Snyder acquired 25,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of $3.83 per share, with a total value of $95,750.00. Following the acquisition, the director now directly owns 108,416 shares in the company, valued at $415,233.28. This represents a 29.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Deborah G. Adams bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average cost of $4.14 per share, for a total transaction of $41,400.00. Following the completion of the acquisition, the director now owns 61,961 shares of the company's stock, valued at $256,518.54. This trade represents a 19.25 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 50,000 shares of company stock valued at $194,900. Insiders own 1.96% of the company's stock.

Amplify Energy Stock Down 0.3 %

NYSE:AMPY traded down $0.01 during midday trading on Friday, reaching $2.88. 490,584 shares of the stock traded hands, compared to its average volume of 480,080. The business has a 50-day moving average of $3.17 and a two-hundred day moving average of $5.03. The stock has a market capitalization of $116.17 million, a PE ratio of 1.87 and a beta of 0.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. Amplify Energy Corp. has a 12-month low of $2.27 and a 12-month high of $8.15.

Amplify Energy (NYSE:AMPY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.17). The business had revenue of $69.02 million during the quarter, compared to analyst estimates of $76.04 million. Amplify Energy had a return on equity of 16.22% and a net margin of 20.99%. On average, equities analysts forecast that Amplify Energy Corp. will post 1.25 earnings per share 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.