Inlight Wealth Management LLC Sells 65,055 Shares of Amplify Energy Corp. (NYSE:AMPY)

Inlight Wealth Management LLC lessened its position in shares of Amplify Energy Corp. (NYSE:AMPY) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,142 shares of the company’s stock after selling 65,055 shares during the quarter. Amplify Energy comprises 0.4% of Inlight Wealth Management LLC’s holdings, making the stock its 29th biggest position. Inlight Wealth Management LLC owned 0.75% of Amplify Energy worth $1,126,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Rhumbline Advisers increased its position in shares of Amplify Energy by 3.6% in the 4th quarter. Rhumbline Advisers now owns 102,030 shares of the company’s stock valued at $612,000 after acquiring an additional 3,580 shares during the period. Sanctuary Advisors LLC increased its position in shares of Amplify Energy by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 69,225 shares of the company’s stock valued at $415,000 after acquiring an additional 2,765 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Amplify Energy in the 4th quarter valued at $73,000. Intech Investment Management LLC acquired a new position in shares of Amplify Energy in the 4th quarter valued at $117,000. Finally, Virtu Financial LLC acquired a new position in shares of Amplify Energy in the 4th quarter valued at $76,000. Institutional investors own 42.84% of the company’s stock.

Amplify Energy Price Performance

Shares of AMPY opened at $3.65 on Friday. The business’s 50-day moving average is $2.93 and its two-hundred day moving average is $4.28. The company has a market capitalization of $147.04 million, a P/E ratio of 9.85 and a beta of 0.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.76 and a current ratio of 0.76. Amplify Energy Corp. has a fifty-two week low of $2.27 and a fifty-two week high of $8.15.

Amplify Energy (NYSE:AMPY) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $72.05 million for the quarter, compared to analyst estimates of $73.87 million. Amplify Energy had a return on equity of 9.56% and a net margin of 5.67%. Research analysts predict that Amplify Energy Corp. will post 1.25 earnings per share for the current year.

Insider Transactions at Amplify Energy

In other news, Director Christopher W. Hamm bought 77,176 shares of the stock in a transaction dated Wednesday, June 18th. The shares were acquired at an average cost of $3.67 per share, with a total value of $283,235.92. Following the purchase, the director now directly owns 244,547 shares in the company, valued at $897,487.49. The trade was a 46.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Clint D. Coghill bought 181,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average cost of $3.27 per share, for a total transaction of $591,870.00. Following the completion of the purchase, the director now owns 2,881,347 shares in the company, valued at approximately $9,422,004.69. This represents a 6.70% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 391,176 shares of company stock valued at $1,310,126 in the last ninety days. 10.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMPY shares. Wall Street Zen downgraded Amplify Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Alliance Global Partners reiterated a “buy” rating on shares of Amplify Energy in a research note on Friday, March 7th. Finally, Industrial Alliance Securities set a $8.50 price target on Amplify Energy in a research report on Friday, March 7th.

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.