Jump Financial LLC Invests $8.40 Million in Antero Midstream Corporation $AM

Key Points

• Jump Financial LLC acquired 466,761 shares of Antero Midstream Corporation, valued at approximately $8,402,000, representing 0.10% ownership of the company.
• Institutional investors and hedge funds collectively own 53.97% of Antero Midstream, with notable increases from several funds such as UMB Bank and Brooklyn Investment Group.
• Antero Midstream recently announced a quarterly dividend of $0.225, which translates to an annual yield of 5.1%, and its latest earnings report exceeded expectations with a revenue of $305.47 million.

Jump Financial LLC bought a new stake in shares of Antero Midstream Corporation (NYSE:AM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 466,761 shares of the pipeline company's stock, valued at approximately $8,402,000. Jump Financial LLC owned 0.10% of Antero Midstream as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AM. Dimensional Fund Advisors LP increased its stake in shares of Antero Midstream by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,112,929 shares of the pipeline company's stock valued at $137,516,000 after buying an additional 71,361 shares during the period. MetLife Investment Management LLC grew its stake in Antero Midstream by 8.7% in the fourth quarter. MetLife Investment Management LLC now owns 195,670 shares of the pipeline company's stock worth $2,953,000 after purchasing an additional 15,624 shares during the period. Tower Research Capital LLC TRC grew its stake in Antero Midstream by 222.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,555 shares of the pipeline company's stock worth $310,000 after purchasing an additional 14,182 shares during the period. TD Waterhouse Canada Inc. grew its stake in Antero Midstream by 20.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,657 shares of the pipeline company's stock worth $85,000 after purchasing an additional 963 shares during the period. Finally, Stifel Financial Corp grew its stake in Antero Midstream by 1.7% in the fourth quarter. Stifel Financial Corp now owns 84,853 shares of the pipeline company's stock worth $1,280,000 after purchasing an additional 1,401 shares during the period. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Stock Performance

Shares of NYSE:AM traded up $0.20 during midday trading on Tuesday, reaching $17.78. 2,064,729 shares of the company's stock traded hands, compared to its average volume of 2,945,052. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 18.71 and a beta of 0.97. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.03 and a current ratio of 1.03. Antero Midstream Corporation has a one year low of $14.06 and a one year high of $19.08. The stock has a 50 day moving average of $17.93 and a 200 day moving average of $17.60.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $305.47 million for the quarter, compared to the consensus estimate of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. As a group, equities research analysts anticipate that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 6th. Stockholders of record on Wednesday, July 23rd were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, July 23rd. Antero Midstream's dividend payout ratio is presently 94.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Wall Street Zen raised Antero Midstream from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Zacks Research raised Antero Midstream from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Morgan Stanley upped their price target on Antero Midstream from $17.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, August 6th. Finally, The Goldman Sachs Group boosted their target price on Antero Midstream from $15.50 to $17.50 and gave the stock a "neutral" rating in a report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Antero Midstream has a consensus rating of "Hold" and a consensus target price of $18.50.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $18.88, for a total transaction of $94,400.00. Following the completion of the sale, the director owned 73,645 shares in the company, valued at approximately $1,390,417.60. This represents a 6.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sheri Pearce sold 39,155 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $17.51, for a total value of $685,604.05. Following the sale, the insider owned 106,489 shares of the company's stock, valued at approximately $1,864,622.39. This trade represents a 26.88% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.