Assenagon Asset Management S.A. Has $154.82 Million Holdings in Antero Resources Corporation $AR

Key Points

• Assenagon Asset Management S.A. has increased its stake in Antero Resources Corporation by 2.7%, now owning 3,843,592 shares valued at approximately $154.8 million.
• Institutional investors and hedge funds control 83.04% of Antero Resouces' stock, with Invesco Ltd. and Ameriprise Financial Inc. making significant increases in their holdings in the first quarter.
• Antero Resources reported $0.35 EPS for the recent quarter, missing the consensus estimate of $0.68, while experiencing a 32.6% increase in revenue year-over-year.

Assenagon Asset Management S.A. increased its position in Antero Resources Corporation (NYSE:AR - Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,843,592 shares of the oil and natural gas company's stock after buying an additional 99,635 shares during the quarter. Assenagon Asset Management S.A. owned about 1.24% of Antero Resources worth $154,820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in shares of Antero Resources during the first quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new position in Antero Resources during the fourth quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources during the fourth quarter valued at $35,000. Bessemer Group Inc. raised its position in 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 valued at $42,000 after buying an additional 411 shares during the period. Finally, North Star Investment Management Corp. acquired a new position in Antero Resources during the first quarter valued at $44,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Antero Resources stock traded up $0.87 during trading hours on Monday, hitting $32.57. The stock had a trading volume of 3,249,379 shares, compared to its average volume of 5,027,994. The company has a 50-day moving average of $32.73 and a two-hundred day moving average of $36.06. 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 company has a market cap of $10.06 billion, a PE ratio of 20.75 and a beta of 0.64. Antero Resources Corporation has a fifty-two week low of $25.36 and a fifty-two week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The company's revenue was up 32.6% on a year-over-year basis. During the same period last year, the company earned ($0.21) EPS. On average, equities research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

AR has been the topic of several research reports. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a research report on Wednesday, August 13th. UBS Group dropped their target price on Antero Resources from $43.00 to $42.00 and set a "buy" rating on the stock in a research report on Monday, September 15th. Mizuho dropped their target price on Antero Resources from $49.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the stock an "equal weight" rating in a research report on Tuesday, July 15th. Finally, Barclays upped their target price on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.50.

Antero Resources 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.