Walleye Capital LLC Lowers Stock Position in Amplify Energy Corp. $AMPY

Walleye Capital LLC trimmed its holdings in shares of Amplify Energy Corp. (NYSE:AMPY) by 91.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 41,308 shares of the company’s stock after selling 420,939 shares during the period. Walleye Capital LLC’s holdings in Amplify Energy were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. purchased a new position in Amplify Energy in the first quarter worth $994,000. Rockefeller Capital Management L.P. increased its holdings in shares of Amplify Energy by 309.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,245 shares of the company’s stock valued at $47,000 after purchasing an additional 7,745 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Amplify Energy by 58.2% in the fourth quarter. Invesco Ltd. now owns 119,957 shares of the company’s stock valued at $548,000 after purchasing an additional 44,115 shares during the period. Empowered Funds LLC boosted its holdings in Amplify Energy by 11.0% during the fourth quarter. Empowered Funds LLC now owns 230,422 shares of the company’s stock worth $1,053,000 after buying an additional 22,922 shares in the last quarter. Finally, XTX Topco Ltd grew its position in Amplify Energy by 45.6% during the fourth quarter. XTX Topco Ltd now owns 22,992 shares of the company’s stock worth $105,000 after buying an additional 7,201 shares during the period. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider James Frew purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were bought at an average cost of $3.95 per share, with a total value of $98,750.00. Following the purchase, the insider directly owned 216,859 shares of the company’s stock, valued at approximately $856,593.05. This trade represents a 13.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMPY. Wall Street Zen downgraded shares of Amplify Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings cut Amplify Energy from a “hold (c)” rating to a “sell (d)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Amplify Energy currently has a consensus rating of “Sell”.

Amplify Energy Stock Performance

Shares of NYSE:AMPY opened at $3.96 on Friday. The business’s fifty day moving average price is $4.31 and its two-hundred day moving average price is $5.11. The stock has a market cap of $163.30 million, a PE ratio of 19.77 and a beta of -0.19. Amplify Energy Corp. has a one year low of $3.41 and a one year high of $6.79.

Amplify Energy (NYSE:AMPY) last issued its quarterly earnings data 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). The company had revenue of $37.46 million during the quarter, compared to analysts’ expectations of $38.11 million. Amplify Energy had a net margin of 5.12% and a negative return on equity of 3.71%.

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.