GAMMA Investing LLC Has $8.92 Million Position in Antero Resources Co. (NYSE:AR)

GAMMA Investing LLC boosted its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 7,097.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 220,519 shares of the oil and natural gas company's stock after purchasing an additional 217,455 shares during the period. GAMMA Investing LLC owned approximately 0.07% of Antero Resources worth $8,918,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spire Wealth Management purchased a new position in Antero Resources in the fourth quarter valued at about $31,000. Choreo LLC acquired a new stake in shares of Antero Resources during the fourth quarter worth approximately $217,000. Bleakley Financial Group LLC increased its stake in shares of Antero Resources by 7.1% in the fourth quarter. Bleakley Financial Group LLC now owns 8,019 shares of the oil and natural gas company's stock worth $281,000 after buying an additional 531 shares during the last quarter. Wilmington Savings Fund Society FSB raised its holdings in Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after acquiring an additional 913 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Antero Resources by 1.6% in the fourth quarter. Empowered Funds LLC now owns 91,630 shares of the oil and natural gas company's stock valued at $3,212,000 after acquiring an additional 1,445 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AR. Morgan Stanley reissued an "overweight" rating and issued a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. UBS Group increased their target price on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Finally, Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.33.

Antero Resources Price Performance

Antero Resources stock traded up $1.43 during trading hours on Friday, hitting $38.62. 3,945,552 shares of the company traded hands, compared to its average volume of 4,220,673. The firm's 50-day simple moving average is $36.59 and its two-hundred day simple moving average is $36.56. The firm has a market cap of $11.99 billion, a P/E ratio of 120.69 and a beta of 0.67. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business's revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. As a group, analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the sale, the insider now owns 306,819 shares in the company, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total value of $43,350,309.34. Following the sale, the director now directly owns 38,013 shares of the company's stock, valued at approximately $1,551,690.66. This represents a 96.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,125,200 shares of company stock valued at $45,887,466. Corporate insiders own 6.70% of the company's stock.

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.