Fox Run Management L.L.C. Sells 22,103 Shares of Antero Resources Corporation $AR

Key Points

• Fox Run Management L.L.C. sold 22,103 shares of Antero Resources Corporation, reducing its holdings by 52.4% to a total of 20,052 shares valued at $811,000.
• Institutional investors collectively own 83.04% of Antero Resources, with Sei Investments Co. and AGF Management Ltd. being among those that increased their positions significantly during the first quarter.
• Antero Resources recently reported $0.35 earnings per share for the last quarter, missing estimates, while its quarterly revenue increased by 32.6% year-over-year to $1.30 billion.

Fox Run Management L.L.C. reduced its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 52.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,052 shares of the oil and natural gas company's stock after selling 22,103 shares during the period. Fox Run Management L.L.C.'s holdings in Antero Resources were worth $811,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AR. Assenagon Asset Management S.A. raised its holdings in Antero Resources by 133.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock worth $151,406,000 after buying an additional 2,137,538 shares during the last quarter. Castle Hook Partners LP purchased a new position in Antero Resources in the fourth quarter worth about $60,980,000. Invesco Ltd. raised its holdings in Antero Resources by 44.3% in the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock worth $179,567,000 after buying an additional 1,362,370 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Antero Resources by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock worth $414,628,000 after buying an additional 1,274,760 shares during the last quarter. Finally, Webs Creek Capital Management LP purchased a new position in Antero Resources in the fourth quarter worth about $44,525,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

NYSE AR traded up $0.8450 during trading hours on Wednesday, hitting $30.7150. 2,351,531 shares of the company's stock traded hands, compared to its average volume of 5,088,023. The business's fifty day moving average price is $36.32 and its two-hundred day moving average price is $37.08. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $9.49 billion, a P/E ratio of 19.58 and a beta of 0.64. Antero Resources Corporation has a 52 week low of $24.53 and a 52 week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last announced its 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). The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The business's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.21) earnings per share. Equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current year.

Analyst Ratings Changes

AR has been the subject of several recent analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Antero Resources in a report on Wednesday, August 13th. Morgan Stanley lifted their price target on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. UBS Group upgraded shares of Antero Resources from a "neutral" rating to a "buy" rating and set a $43.00 price target for the company in a research note on Wednesday. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. Finally, Barclays lifted their price target on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.00.

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.