Assenagon Asset Management S.A. Takes Position in Amplify Energy Corp. $AMPY

Assenagon Asset Management S.A. purchased a new position in shares of Amplify Energy Corp. (NYSE:AMPY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 159,227 shares of the company’s stock, valued at approximately $994,000. Assenagon Asset Management S.A. owned about 0.39% of Amplify Energy as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Thomist Capital Management LP raised its position in shares of Amplify Energy by 109.8% in the fourth quarter. Thomist Capital Management LP now owns 3,147,130 shares of the company’s stock valued at $14,571,000 after purchasing an additional 1,647,130 shares during the period. Dimensional Fund Advisors LP lifted its position in Amplify Energy by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,080,268 shares of the company’s stock worth $9,507,000 after acquiring an additional 8,154 shares during the last quarter. Truffle Hound Capital LLC boosted its holdings in shares of Amplify Energy by 56.2% during the fourth quarter. Truffle Hound Capital LLC now owns 1,250,000 shares of the company’s stock worth $5,712,000 after acquiring an additional 450,000 shares during the period. Marshall Wace LLP grew its position in shares of Amplify Energy by 76.4% in the fourth quarter. Marshall Wace LLP now owns 954,725 shares of the company’s stock valued at $4,363,000 after purchasing an additional 413,512 shares during the last quarter. Finally, CSM Advisors LLC grew its position in shares of Amplify Energy by 14.3% in the fourth quarter. CSM Advisors LLC now owns 918,015 shares of the company’s stock valued at $4,193,000 after purchasing an additional 114,690 shares during the last quarter. 42.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMPY has been the subject of several research reports. Wall Street Zen cut Amplify Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Amplify Energy Stock Up 1.4%

Shares of Amplify Energy stock opened at $4.01 on Friday. Amplify Energy Corp. has a 12-month low of $3.12 and a 12-month high of $6.79. The company has a market capitalization of $165.78 million, a price-to-earnings ratio of 20.07 and a beta of -0.19. The firm’s 50-day moving average price is $4.85 and its two-hundred day moving average price is $5.18.

Amplify Energy (NYSE:AMPY) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $37.46 million for the quarter, compared to analyst estimates of $38.11 million.

Insider Transactions at Amplify Energy

In other Amplify Energy news, insider James Frew bought 25,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $3.95 per share, for a total transaction of $98,750.00. Following the completion of the transaction, the insider directly owned 216,859 shares in the company, valued at approximately $856,593.05. The trade was a 13.03% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 8.99% of the stock is currently owned by corporate insiders.

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.