MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $65.84 Million Holdings in Antero Resources Co. (NYSE:AR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,878,494 shares of the oil and natural gas company's stock after selling 679,926 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.60% of Antero Resources worth $65,841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AR. Lighthouse Investment Partners LLC bought a new position in Antero Resources during the fourth quarter valued at about $2,103,000. Lloyd Harbor Capital Management LLC bought a new position in Antero Resources during the fourth quarter valued at about $7,711,000. Janus Henderson Group PLC raised its holdings in Antero Resources by 19.4% during the fourth quarter. Janus Henderson Group PLC now owns 378,376 shares of the oil and natural gas company's stock valued at $13,257,000 after buying an additional 61,459 shares in the last quarter. Goodlander Investment Management LLC bought a new position in Antero Resources during the fourth quarter valued at about $14,020,000. Finally, Focus Partners Wealth raised its holdings in Antero Resources by 8.4% during the fourth quarter. Focus Partners Wealth now owns 16,752 shares of the oil and natural gas company's stock valued at $587,000 after buying an additional 1,291 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,061,987 shares of Antero Resources stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the transaction, the director now directly owns 38,013 shares of the company's stock, valued at approximately $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 1,300,000 shares of company stock valued at $52,834,994. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Stock Performance

AR stock traded down $0.48 during trading on Friday, reaching $39.75. 3,289,402 shares of the stock were exchanged, compared to its average volume of 4,187,451. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The company has a market capitalization of $12.34 billion, a P/E ratio of 124.23 and a beta of 0.66. The stock has a 50 day simple moving average of $36.79 and a 200-day simple moving average of $35.47. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the business earned $0.12 earnings per share. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AR shares. Raymond James restated a "strong-buy" rating on shares of Antero Resources in a report on Tuesday. UBS Group raised their target price on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Barclays raised their target price on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and raised their target price for the company from $47.00 to $49.00 in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their price target on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.72.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.