7,483,280 Shares in Alta Mesa Resources Inc (AMR) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in Alta Mesa Resources Inc (NASDAQ:AMR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,483,280 shares of the company’s stock, valued at approximately $59,866,000. Point72 Asset Management L.P. owned about 1.96% of Alta Mesa Resources at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Quantitative Systematic Strategies LLC purchased a new stake in Alta Mesa Resources in the first quarter worth approximately $143,000. Citigroup Inc. purchased a new stake in Alta Mesa Resources in the first quarter worth approximately $161,000. Barclays PLC purchased a new stake in Alta Mesa Resources in the first quarter worth approximately $257,000. Quadrature Capital Ltd purchased a new position in shares of Alta Mesa Resources during the 1st quarter worth $457,000. Finally, Deltec Asset Management LLC purchased a new position in shares of Alta Mesa Resources during the 1st quarter worth $800,000. Institutional investors own 50.01% of the company’s stock.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Alta Mesa Resources from a “hold” rating to a “sell” rating in a research note on Monday, May 7th. Imperial Capital assumed coverage on shares of Alta Mesa Resources in a research note on Monday, March 5th. They set an “outperform” rating and a $10.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Alta Mesa Resources in a research note on Thursday, April 5th. They set a “buy” rating and a $13.00 price target on the stock. Finally, ValuEngine cut shares of Alta Mesa Resources from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 29th.

Shares of Alta Mesa Resources stock opened at $7.34 on Thursday. Alta Mesa Resources Inc has a 1-year low of $6.35 and a 1-year high of $10.79. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.17.

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. The company 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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