Y Intercept Hong Kong Ltd Invests $4.31 Million in Antero Resources Corporation $AR

Y Intercept Hong Kong Ltd acquired a new position in shares of Antero Resources Corporation (NYSE:AR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 101,633 shares of the oil and natural gas company’s stock, valued at approximately $4,313,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in Antero Resources by 177.4% in the first quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock worth $153,261,000 after purchasing an additional 2,309,388 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Antero Resources during the third quarter worth $77,294,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Antero Resources by 111.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock valued at $137,437,000 after purchasing an additional 2,099,755 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Antero Resources by 140.2% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after purchasing an additional 2,023,828 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Antero Resources in the 4th quarter worth $58,831,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Down 0.1%

Shares of AR stock opened at $35.34 on Monday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm has a market capitalization of $10.95 billion, a PE ratio of 11.48 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The stock’s 50-day simple moving average is $36.13 and its 200-day simple moving average is $36.32.

Insider Buying and Selling

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider directly owned 1,085,192 shares of the company’s stock, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. The Goldman Sachs Group reduced their target price on Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Mizuho raised their price target on Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Morgan Stanley cut their price objective on shares of Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a report on Monday, June 29th. Barclays increased their price objective on shares of Antero Resources from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 24th. Finally, Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Five investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.35.

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.