ARS Investment Partners LLC Sells 6,000 Shares of Amplify Energy Corp. (NYSE:AMPY)

ARS Investment Partners LLC reduced its holdings in Amplify Energy Corp. (NYSE:AMPY) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,000 shares of the company’s stock after selling 6,000 shares during the quarter. ARS Investment Partners LLC owned about 0.11% of Amplify Energy worth $270,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMPY. Quarry LP acquired a new stake in Amplify Energy in the third quarter valued at approximately $43,000. Quest Partners LLC acquired a new stake in Amplify Energy in the third quarter valued at approximately $45,000. Creative Planning acquired a new stake in Amplify Energy in the third quarter valued at approximately $67,000. EP Wealth Advisors LLC acquired a new stake in Amplify Energy in the third quarter valued at approximately $69,000. Finally, Wellington Management Group LLP acquired a new stake in Amplify Energy in the third quarter valued at approximately $70,000. 42.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Benchmark reissued a “buy” rating and issued a $11.00 price objective on shares of Amplify Energy in a research note on Thursday, January 16th.

Amplify Energy Stock Up 0.1 %

Shares of NYSE:AMPY opened at $5.86 on Tuesday. The stock has a market cap of $232.85 million, a price-to-earnings ratio of 3.80 and a beta of 1.95. 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 12-month low of $3.56 and a 12-month high of $8.15. The business’s 50 day moving average is $6.28 and its 200 day moving average is $6.67.

About Amplify Energy

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.