Man Group plc Has $7.07 Million Holdings in Antero Resources Co. (NYSE:AR)

Man Group plc cut its position in Antero Resources Co. (NYSE:AR - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 201,664 shares of the oil and natural gas company's stock after selling 485,743 shares during the period. Man Group plc owned about 0.06% of Antero Resources worth $7,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AR. Nokomis Capital L.L.C. lifted its holdings in shares of Antero Resources by 33.8% in the 4th quarter. Nokomis Capital L.L.C. now owns 166,900 shares of the oil and natural gas company's stock worth $5,850,000 after buying an additional 42,145 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of Antero Resources during the 4th quarter worth $2,103,000. Lloyd Harbor Capital Management LLC purchased a new position in Antero Resources in the fourth quarter worth $7,711,000. Janus Henderson Group PLC grew its holdings in shares of Antero Resources by 19.4% during the fourth quarter. Janus Henderson Group PLC now owns 378,376 shares of the oil and natural gas company's stock valued at $13,257,000 after buying an additional 61,459 shares during the last quarter. Finally, Goodlander Investment Management LLC acquired a new stake in Antero Resources during the 4th quarter worth about $14,020,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analyst Ratings Changes

AR has been the subject of several research reports. UBS Group boosted their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company upped their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. Barclays upped their price target on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Williams Trading set a $48.00 target price on Antero Resources in a research note on Wednesday, March 5th. Finally, Wall Street Zen upgraded Antero Resources to a "sell" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.33.

Antero Resources Trading Up 1.0%

NYSE:AR traded up $0.41 on Friday, hitting $39.46. The stock had a trading volume of 2,894,021 shares, compared to its average volume of 4,188,603. 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. The stock has a market cap of $12.25 billion, a price-to-earnings ratio of 123.31 and a beta of 0.66. The company has a fifty day moving average price of $37.03 and a two-hundred day moving average price of $36.09.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Antero Resources's revenue for the quarter was up 20.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. Equities research analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction dated 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 directly owns 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the completion of the transaction, the director now directly owns 364,992 shares in the company, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,125,200 shares of company stock valued at $45,887,466 in the last quarter. 6.70% of the stock is currently owned by corporate insiders.

About Antero Resources

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.