GSA Capital Partners LLP Reduces Position in Amplify Energy Corp. (NYSE:AMPY)

GSA Capital Partners LLP lessened its position in shares of Amplify Energy Corp. (NYSE:AMPY) by 19.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,247 shares of the company’s stock after selling 15,073 shares during the quarter. GSA Capital Partners LLP owned 0.16% of Amplify Energy worth $413,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Fortitude Family Office LLC boosted its holdings in shares of Amplify Energy by 167.5% during the 2nd quarter. Fortitude Family Office LLC now owns 4,028 shares of the company’s stock worth $27,000 after purchasing an additional 2,522 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Amplify Energy during the second quarter worth $26,000. Mackenzie Financial Corp grew its stake in Amplify Energy by 27.9% during the 2nd quarter. Mackenzie Financial Corp now owns 17,347 shares of the company’s stock worth $118,000 after purchasing an additional 3,780 shares in the last quarter. Rhumbline Advisers increased its position in shares of Amplify Energy by 4.3% in the 2nd quarter. Rhumbline Advisers now owns 99,236 shares of the company’s stock valued at $673,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Covestor Ltd boosted its position in shares of Amplify Energy by 66.2% during the 3rd quarter. Covestor Ltd now owns 18,374 shares of the company’s stock worth $120,000 after acquiring an additional 7,319 shares in the last quarter. 42.84% of the stock is owned by hedge funds and other institutional investors.

Amplify Energy Price Performance

AMPY opened at $6.77 on Friday. The company has a 50 day moving average of $6.70 and a two-hundred day moving average of $6.69. The company has a market cap of $269.24 million, a P/E ratio of 4.40 and a beta of 1.93. 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 52-week low of $3.56 and a 52-week high of $8.15.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Benchmark reiterated a “buy” rating and set a $11.00 price target on shares of Amplify Energy in a research note on Wednesday, October 16th. Alliance Global Partners lifted their price objective on shares of Amplify Energy from $9.00 to $9.50 and gave the company a “buy” rating in a research report on Friday, August 9th.

Amplify Energy 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.