Driehaus Capital Management LLC Buys 464,196 Shares of Antero Resources Co. (NYSE:AR)

Driehaus Capital Management LLC raised its stake in Antero Resources Co. (NYSE:AR - Free Report) by 118.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 856,005 shares of the oil and natural gas company's stock after buying an additional 464,196 shares during the period. Driehaus Capital Management LLC owned about 0.28% of Antero Resources worth $30,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in Antero Resources in the fourth quarter valued at about $140,020,000. Wellington Management Group LLP boosted its stake in Antero Resources by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock valued at $689,135,000 after acquiring an additional 2,201,429 shares in the last quarter. Castle Hook Partners LP acquired a new position in shares of Antero Resources during the fourth quarter worth $60,980,000. Dimensional Fund Advisors LP lifted its holdings in shares of Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after purchasing an additional 1,274,760 shares during the last quarter. Finally, Webs Creek Capital Management LP acquired a new stake in shares of Antero Resources in the 4th quarter worth $44,525,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Up 1.9 %

AR opened at $37.39 on Friday. The company has a market cap of $11.61 billion, a PE ratio of 116.86 and a beta of 0.66. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The company has a 50-day moving average price of $36.30 and a 200 day moving average price of $35.03. The company has a quick ratio of 0.35, a current 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, beating the consensus estimate 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 quarter last year, the business posted $0.12 earnings per share. The business's quarterly revenue was up 20.5% compared to the same quarter last year. Sell-side analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on AR. JPMorgan Chase & Co. raised their price target on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Barclays raised their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their target price on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. StockNews.com raised shares of Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Finally, TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and upped their price objective for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.39.

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.

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