Foundry Partners LLC Has $3.75 Million Stock Holdings in Amplify Energy Corp. (NYSE:AMPY)

Foundry Partners LLC boosted its position in Amplify Energy Corp. (NYSE:AMPY) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,730 shares of the company’s stock after buying an additional 53,960 shares during the period. Foundry Partners LLC’s holdings in Amplify Energy were worth $3,748,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rangeley Capital LLC bought a new stake in shares of Amplify Energy during the fourth quarter valued at approximately $8,154,000. American Century Companies Inc. increased its stake 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 purchasing an additional 229,608 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amplify Energy by 3.5% during the third quarter. Geode Capital Management LLC now owns 883,676 shares of the company’s stock worth $5,772,000 after buying an additional 29,988 shares during the last quarter. State Street Corp lifted its stake in shares of Amplify Energy by 2.1% in the third quarter. State Street Corp now owns 805,211 shares of the company’s stock valued at $5,258,000 after buying an additional 16,885 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Amplify Energy during the fourth quarter valued at about $1,022,000. 42.84% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amplify Energy

In related news, Director Deborah G. Adams acquired 10,000 shares of the firm’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 purchase, the director now owns 61,961 shares in the company, valued at $256,518.54. This trade represents a 19.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Frew bought 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of $3.85 per share, with a total value of $57,750.00. Following the purchase, the insider now owns 54,222 shares in the company, valued at $208,754.70. This trade represents a 38.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 50,000 shares of company stock worth $194,900. 1.96% of the stock is owned by corporate insiders.

Amplify Energy Trading Down 10.9 %

NYSE:AMPY opened at $2.91 on Friday. Amplify Energy Corp. has a 52 week low of $2.76 and a 52 week high of $8.15. The firm has a 50-day moving average price of $4.55 and a two-hundred day moving average price of $5.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $117.17 million, a price-to-earnings ratio of 1.89 and a beta of 1.33.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.17). The firm had revenue of $69.02 million during the quarter, compared to the consensus estimate of $76.04 million. Amplify Energy had a net margin of 20.99% and a return on equity of 16.22%. On average, equities analysts expect that Amplify Energy Corp. will post 1.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on AMPY. Industrial Alliance Securities set a $8.50 price target on shares of Amplify Energy in a research report on Friday, March 7th. Alliance Global Partners restated a “buy” rating on shares of Amplify Energy in a report on Friday, March 7th. Finally, Benchmark reiterated a “buy” rating and set a $11.00 price target on shares of Amplify Energy in a report on Thursday, January 16th.

About Amplify Energy

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.