Antero Midstream Corporation $AM Position Increased by Quantbot Technologies LP

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Quantbot Technologies LP increased its position in shares of Antero Midstream Corporation (NYSE:AM - Free Report) by 817.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,661 shares of the pipeline company's stock after acquiring an additional 218,887 shares during the period. Quantbot Technologies LP owned about 0.05% of Antero Midstream worth $4,422,000 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 the company. Wellington Management Group LLP raised its holdings in shares of Antero Midstream by 64.8% during the first quarter. Wellington Management Group LLP now owns 563,040 shares of the pipeline company's stock worth $10,135,000 after acquiring an additional 221,332 shares in the last quarter. Qtron Investments LLC purchased a new stake in shares of Antero Midstream during the first quarter worth $291,000. Brooklyn Investment Group raised its holdings in shares of Antero Midstream by 41.2% during the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company's stock worth $82,000 after acquiring an additional 1,328 shares in the last quarter. Versor Investments LP raised its holdings in shares of Antero Midstream by 53.0% during the first quarter. Versor Investments LP now owns 69,300 shares of the pipeline company's stock worth $1,247,000 after acquiring an additional 24,000 shares in the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Antero Midstream during the first quarter worth $8,663,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AM. Morgan Stanley increased their price objective on Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a report on Wednesday, August 6th. The Goldman Sachs Group increased their target price on shares of Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a research report on Monday. Wall Street Zen raised shares of Antero Midstream from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company increased their target price on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Friday, August 1st.

Insider Activity

In other news, Director Brooks J. Klimley sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total value of $94,400.00. Following the sale, the director directly owned 73,645 shares of the company's stock, valued at approximately $1,390,417.60. This trade represents a 6.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.86% of the company's stock.

Antero Midstream Trading Down 2.1%

Antero Midstream stock opened at $17.53 on Tuesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 18.45 and a beta of 0.97. Antero Midstream Corporation has a one year low of $14.06 and a one year high of $19.08. The company's fifty day moving average price is $18.00 and its two-hundred day moving average price is $17.54.

Antero Midstream (NYSE:AM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $305.47 million for the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%. The firm's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.23 earnings per share. On average, analysts forecast that Antero Midstream Corporation will post 0.95 earnings per share for the current fiscal year.

Antero Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, July 23rd. Antero Midstream's dividend payout ratio (DPR) is currently 94.74%.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.