ARS Investment Partners LLC Cuts Stock Position in Amplify Energy Corp. (NYSE:AMPY)

ARS Investment Partners LLC lowered its holdings in Amplify Energy Corp. (NYSE:AMPY) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,000 shares of the company’s stock after selling 6,000 shares during the period. ARS Investment Partners LLC’s holdings in Amplify Energy were worth $270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AMPY. Quarry LP purchased a new position in shares of Amplify Energy during the 3rd quarter valued at $43,000. Quest Partners LLC purchased a new position in shares of Amplify Energy during the 3rd quarter valued at $45,000. Creative Planning purchased a new position in shares of Amplify Energy during the 3rd quarter valued at $67,000. EP Wealth Advisors LLC purchased a new position in shares of Amplify Energy during the 3rd quarter valued at $69,000. Finally, Wellington Management Group LLP purchased a new position in shares of Amplify Energy during the 3rd quarter valued at $70,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and set a $11.00 price target on shares of Amplify Energy in a research report on Thursday, January 16th.

Amplify Energy Stock Performance

Shares of AMPY opened at $5.86 on Tuesday. The stock’s 50-day simple moving average is $6.28 and its 200 day simple moving average is $6.67. The stock has a market capitalization of $232.85 million, a price-to-earnings ratio of 3.80 and a beta of 1.95. 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 52-week low of $3.56 and a 52-week high of $8.15.

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.