Verition Fund Management LLC Reduces Stake in Amplify Energy Corp. (NYSE:AMPY)

Verition Fund Management LLC trimmed its holdings in shares of Amplify Energy Corp. (NYSE:AMPY) by 22.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,250 shares of the company’s stock after selling 4,777 shares during the period. Verition Fund Management LLC’s holdings in Amplify Energy were worth $106,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Innealta Capital LLC acquired a new position in Amplify Energy during the second quarter valued at $26,000. Mackenzie Financial Corp lifted its holdings in shares of Amplify Energy by 27.9% in the 2nd quarter. Mackenzie Financial Corp now owns 17,347 shares of the company’s stock valued at $118,000 after buying an additional 3,780 shares during the period. Rhumbline Advisers boosted its stake in shares of Amplify Energy by 4.3% in the second quarter. Rhumbline Advisers now owns 99,236 shares of the company’s stock worth $673,000 after buying an additional 4,050 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Amplify Energy by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 113,377 shares of the company’s stock worth $740,000 after acquiring an additional 4,454 shares during the period. Finally, Foundry Partners LLC raised its position in Amplify Energy by 1.0% during the third quarter. Foundry Partners LLC now owns 570,770 shares of the company’s stock valued at $3,727,000 after acquiring an additional 5,410 shares in the last quarter. 42.84% of the stock is owned by hedge funds and other institutional investors.

Amplify Energy Price Performance

Shares of Amplify Energy stock opened at $6.12 on Tuesday. The firm has a market cap of $243.39 million, a PE ratio of 3.97 and a beta of 1.95. The business has a 50-day moving average price of $6.65 and a 200 day moving average price of $6.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.29. Amplify Energy Corp. has a twelve month low of $3.56 and a twelve month high of $8.15.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed a “buy” rating and set a $11.00 price objective on shares of Amplify Energy in a research note on Wednesday, October 16th.

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.