HPS Investment Partners LLC boosted its holdings in shares of Alta Mesa Resources Inc (NASDAQ:AMR) by 9.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund 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 8.4% of HPS Investment Partners LLC’s investment portfolio, making the stock its 5th largest holding. HPS Investment Partners LLC owned about 0.09% of Alta Mesa Resources worth $5,179,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of AMR. SG Americas Securities LLC grew its position in Alta Mesa Resources by 289.0% during the 1st quarter. SG Americas Securities LLC now owns 499,336 shares of the company’s stock worth $133,000 after purchasing an additional 370,956 shares during the last quarter. Apollo Management Holdings L.P. purchased a new stake in shares of Alta Mesa Resources in the first quarter valued at about $625,000. GSA Capital Partners LLP purchased a new stake in shares of Alta Mesa Resources in the second quarter valued at about $49,000. Wilks Brothers LLC purchased a new stake in shares of Alta Mesa Resources in the second quarter valued at about $64,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Alta Mesa Resources by 87.9% in the second 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 in the last quarter. 47.04% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on AMR shares. 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 investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Alta Mesa Resources has a consensus rating of “Sell” and a consensus target price of $4.25.
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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