Antero Resources Corporation $AR Stock Position Reduced by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC reduced its position in Antero Resources Corporation by 6.9%, selling 66,126 shares, and now holds 892,925 shares valued at approximately $35.97 million.
• While some institutional investors, such as Invesco Ltd. and Raymond James Financial, increased their holdings significantly by 44.3% and 10.7% respectively, overall institutional ownership stands at 83.04%.
• Antero Resources reported earnings of $0.35 per share for the latest quarter, missing analyst estimates of $0.68, although revenue was in line with expectations at $1.30 billion, reflecting a 32.6% increase year-over-year.

William Blair Investment Management LLC lessened its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 6.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 892,925 shares of the oil and natural gas company's stock after selling 66,126 shares during the period. William Blair Investment Management LLC owned about 0.29% of Antero Resources worth $35,967,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Invesco Ltd. lifted its holdings in shares of Antero Resources by 44.3% in the 1st quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock worth $179,567,000 after purchasing an additional 1,362,370 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Antero Resources by 10.7% in the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock worth $178,868,000 after purchasing an additional 428,167 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Antero Resources by 2.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,843,592 shares of the oil and natural gas company's stock worth $154,820,000 after purchasing an additional 99,635 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Antero Resources by 46.1% in the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company's stock worth $92,563,000 after purchasing an additional 721,767 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Antero Resources by 12.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,147,218 shares of the oil and natural gas company's stock worth $86,490,000 after purchasing an additional 232,420 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Down 0.1%

Shares of AR stock opened at $30.75 on Friday. Antero Resources Corporation has a 1 year low of $25.36 and a 1 year high of $44.01. The stock has a market cap of $9.50 billion, a PE ratio of 19.59 and a beta of 0.56. The business's fifty day moving average is $32.36 and its 200-day moving average is $35.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted ($0.21) earnings per share. The firm's revenue for the quarter was up 32.6% compared to the same quarter last year. Equities analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on AR shares. Roth Capital downgraded Antero Resources from a "buy" rating to a "neutral" rating and cut their target price for the company from $44.00 to $32.00 in a research note on Monday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a research note on Wednesday, August 13th. Jefferies Financial Group cut their target price on Antero Resources from $50.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, October 3rd. Morgan Stanley cut their target price on Antero Resources from $47.00 to $44.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Antero Resources in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $44.13.

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.

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