Antero Resources Corporation $AR Shares Acquired by iSAM Funds UK Ltd

Key Points

• iSAM Funds UK Ltd increased its stake in Antero Resources by 175.6% in Q3, buying an additional 29,056 shares to hold 45,600 shares worth $1.53 million.
• Insider Yvette K. Schultz sold 15,000 shares on March 9 at an average $39.33, reducing her ownership by 4.49%; insiders now own 6.30% of the stock while institutions hold 83.04%.
• Antero beat quarterly estimates with EPS of $0.62 (vs. $0.49) and revenue of $1.41B (up 20.8% y/y); the stock trades near $41 with a $12.65B market cap and a consensus rating of "Moderate Buy" with a $45.87 target.

iSAM Funds UK Ltd increased its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 175.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 45,600 shares of the oil and natural gas company's stock after acquiring an additional 29,056 shares during the quarter. iSAM Funds UK Ltd's holdings in Antero Resources were worth $1,530,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AR. NewEdge Advisors LLC lifted its stake in shares of Antero Resources by 16,498.3% during the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company's stock worth $389,000 after purchasing an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Antero Resources by 7.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company's stock valued at $23,882,000 after purchasing an additional 43,312 shares during the period. Focus Partners Wealth grew its position in shares of Antero Resources by 18.9% in the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company's stock valued at $806,000 after purchasing an additional 3,169 shares during the period. Envestnet Asset Management Inc. increased its stake in Antero Resources by 5.2% in the second quarter. Envestnet Asset Management Inc. now owns 43,990 shares of the oil and natural gas company's stock valued at $1,772,000 after purchasing an additional 2,174 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Antero Resources by 3.9% in the second quarter. ProShare Advisors LLC now owns 12,945 shares of the oil and natural gas company's stock valued at $521,000 after purchasing an additional 484 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 15,000 shares of Antero Resources stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the sale, the insider directly owned 319,122 shares of the company's stock, valued at approximately $12,551,068.26. The trade was a 4.49% 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 hyperlink. 6.30% of the stock is owned by corporate insiders.

Antero Resources Trading Up 1.6%

NYSE AR opened at $41.02 on Friday. The stock has a market cap of $12.65 billion, a P/E ratio of 20.30 and a beta of 0.52. The company's fifty day simple moving average is $34.84 and its 200-day simple moving average is $33.99. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $0.48 EPS. The business's revenue was up 20.8% on a year-over-year basis. Equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on AR shares. Wall Street Zen lowered Antero Resources from a "hold" rating to a "sell" rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Antero Resources in a research note on Monday, December 29th. Tudor Pickering upgraded shares of Antero Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 2nd. Morgan Stanley decreased their target price on shares of Antero Resources from $48.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, January 23rd. Finally, Roth Mkm restated a "neutral" rating and issued a $36.00 target price on shares of Antero Resources in a report on Monday, December 8th. Four analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.87.

About Antero Resources

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.

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