Alta Mesa Resources Inc (NASDAQ:AMR) Shares Acquired by HPS Investment Partners LLC

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HPS Investment Partners LLC increased its holdings in shares of Alta Mesa Resources Inc (NASDAQ:AMR) by 9.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,497,818 shares of the company’s stock after purchasing an additional 3,152,000 shares during the period. Alta Mesa Resources makes up about 8.4% of HPS Investment Partners LLC’s holdings, making the stock its 5th biggest position. HPS Investment Partners LLC owned 9.32% of Alta Mesa Resources worth $5,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of Alta Mesa Resources by 289.0% during the first quarter. SG Americas Securities LLC now owns 499,336 shares of the company’s stock valued at $133,000 after buying an additional 370,956 shares during the last quarter. Apollo Management Holdings L.P. acquired a new stake in Alta Mesa Resources in the 1st quarter valued at about $625,000. GSA Capital Partners LLP acquired a new stake in Alta Mesa Resources in the 2nd quarter valued at about $49,000. Wilks Brothers LLC acquired a new stake in Alta Mesa Resources in the 2nd quarter valued at about $64,000. Finally, Vanguard Group Inc. raised its holdings in Alta Mesa Resources by 87.9% in the 2nd quarter. Vanguard Group Inc. now owns 5,307,356 shares of the company’s stock valued at $774,000 after acquiring an additional 2,482,834 shares during the last quarter. 47.04% of the stock is owned by institutional investors and hedge funds.

A number of research firms have commented on AMR. ValuEngine downgraded shares of Alta Mesa Resources from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research downgraded shares of Alta Mesa Resources from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Sell” and a consensus target price of $4.25.

NASDAQ:AMR opened at $0.09 on Friday. Alta Mesa Resources Inc has a fifty-two week low of $0.06 and a fifty-two week high of $4.67. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average price of $0.11 and a 200 day moving average price of $0.18.

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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Institutional Ownership by Quarter for Alta Mesa Resources (NASDAQ:AMR)

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