Y Intercept Hong Kong Ltd Sells 22,689 Shares of Antero Resources Corporation $AR

Y Intercept Hong Kong Ltd lowered its stake in Antero Resources Corporation (NYSE:AR) by 55.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,879 shares of the oil and natural gas company’s stock after selling 22,689 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Antero Resources were worth $600,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Neo Ivy Capital Management acquired a new position in shares of Antero Resources during the second quarter worth approximately $532,000. Stephens Investment Management Group LLC grew its stake in shares of Antero Resources by 4.5% in the third quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock worth $39,789,000 after acquiring an additional 51,126 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Antero Resources by 103.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock worth $14,648,000 after acquiring an additional 222,311 shares during the period. Edgestream Partners L.P. bought a new position in Antero Resources during the second quarter worth $3,015,000. Finally, Jefferies Financial Group Inc. raised its stake in Antero Resources by 9.5% during the 2nd quarter. Jefferies Financial Group Inc. now owns 1,956,918 shares of the oil and natural gas company’s stock valued at $78,825,000 after purchasing an additional 169,133 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In related news, insider Brendan E. Krueger purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $33.35 per share, with a total value of $166,750.00. Following the purchase, the insider directly owned 295,917 shares in the company, valued at $9,868,831.95. This represents a 1.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.30% of the stock is owned by company insiders.

Antero Resources Stock Up 0.8%

Shares of AR opened at $33.89 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $34.34 and a two-hundred day moving average price of $33.30. The stock has a market cap of $10.45 billion, a price-to-earnings ratio of 18.02 and a beta of 0.55. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $44.01.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho set a $47.00 price target on shares of Antero Resources in a research report on Friday, December 12th. Bank of America increased their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. BMO Capital Markets boosted their price target on Antero Resources from $37.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, December 9th. Morgan Stanley cut their price target on Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. Finally, Barclays decreased their price objective on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $45.60.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.