American Century Companies Inc. Cuts Stock Position in Antero Resources Corporation $AR

Key Points

• American Century Companies Inc. reduced its holdings in Antero Resources Corporation by 6.5%, with ownership of 162,914 shares worth approximately $6.59 million after selling 11,288 shares.
• A significant increase in institutional investment has been observed, with Assenagon Asset Management boosting its holdings by 133.1% in the first quarter, now owning 3.74 million shares valued at $151.41 million.
• Antero Resources reported earnings of $0.35 per share in the latest quarter, missing estimates, but achieved a 32.6% year-over-year revenue growth, totaling $1.30 billion.

American Century Companies Inc. trimmed its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 6.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,914 shares of the oil and natural gas company's stock after selling 11,288 shares during the quarter. American Century Companies Inc. owned 0.05% of Antero Resources worth $6,588,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AR. Mascagni Wealth Management Inc. purchased a new position in Antero Resources during the fourth quarter worth $31,000. Capital A Wealth Management LLC bought a new stake in shares of Antero Resources during the fourth quarter worth $35,000. Bessemer Group Inc. lifted its position in shares of Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after purchasing an additional 411 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Antero Resources during the first quarter worth $44,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Antero Resources during the first quarter worth $56,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Up 1.7%

Shares of AR stock traded up $0.54 on Tuesday, hitting $32.46. The stock had a trading volume of 3,880,545 shares, compared to its average volume of 4,239,215. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $34.19 and a 200 day moving average price of $36.54. The company has a market cap of $10.03 billion, a PE ratio of 20.67 and a beta of 0.64. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. The business's revenue was up 32.6% compared to the same quarter last year. Research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AR shares. Raymond James Financial lifted their target price on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. UBS Group upgraded Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 target price for the company in a research report on Wednesday, August 20th. Roth Capital downgraded Antero Resources from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. Finally, Scotiabank reiterated an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.65.

Antero Resources Company Profile

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.