Vanguard Group Inc. increased its stake in Alta Mesa Resources Inc (NASDAQ:AMR) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,740,266 shares of the company’s stock after buying an additional 584,171 shares during the quarter. Vanguard Group Inc.’s holdings in Alta Mesa Resources were worth $32,354,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMR. BlackRock Inc. lifted its holdings in Alta Mesa Resources by 113.2% during the 2nd quarter. BlackRock Inc. now owns 6,879,701 shares of the company’s stock valued at $46,850,000 after purchasing an additional 3,652,443 shares during the last quarter. SCP Investment LP acquired a new stake in Alta Mesa Resources during the 3rd quarter valued at $8,608,000. Northern Trust Corp lifted its holdings in Alta Mesa Resources by 450.7% during the 2nd quarter. Northern Trust Corp now owns 1,185,943 shares of the company’s stock valued at $8,076,000 after purchasing an additional 970,581 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Alta Mesa Resources by 1,287.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 956,656 shares of the company’s stock valued at $3,999,000 after purchasing an additional 887,707 shares during the last quarter. Finally, JBF Capital Inc. lifted its holdings in Alta Mesa Resources by 72.6% during the 3rd quarter. JBF Capital Inc. now owns 852,546 shares of the company’s stock valued at $3,563,000 after purchasing an additional 358,546 shares during the last quarter. 50.10% of the stock is owned by institutional investors.
AMR stock traded up $0.07 during trading hours on Wednesday, hitting $0.89. 3,003 shares of the stock were exchanged, compared to its average volume of 1,274,475. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.20. Alta Mesa Resources Inc has a 12 month low of $0.75 and a 12 month high of $8.80.
Several brokerages have issued reports on AMR. Zacks Investment Research downgraded Alta Mesa Resources from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. ValuEngine downgraded Alta Mesa Resources from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. Imperial Capital set a $6.00 price target on Alta Mesa Resources and gave the company a “hold amr” rating in a report on Monday, December 24th. Finally, Goldman Sachs Group cut Alta Mesa Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $6.50 to $2.50 in a research report on Tuesday, November 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.14.
Alta Mesa Resources Company Profile
Alta Mesa Resources, Inc focuses on the acquisition and development of unconventional oil and natural gas reserves in the Anadarko Basin. It also offers midstream energy services, including crude oil and gas gathering, processing, and marketing to producers of natural gas, natural gas liquids, crude oil, and condensate in the STACK Play region of Oklahoma.
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