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

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

A number of other institutional investors have also recently bought and sold shares of AR. Spire Wealth Management purchased a new stake in shares of Antero Resources in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB raised its position in Antero Resources by 205.2% during 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 buying an additional 913 shares during the period. UMB Bank n.a. lifted its stake in Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after acquiring an additional 523 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in Antero Resources during the 4th quarter worth about $56,000. Finally, Altshuler Shaham Ltd acquired a new stake in Antero Resources during the 4th quarter worth about $70,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insider Transactions at Antero Resources

In other 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 value of $1,004,472.00. Following the sale, the insider now directly owns 306,819 shares of the company's stock, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 38,013 shares of the company's stock, valued at $1,551,690.66. This represents a 96.54% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by insiders.

Antero Resources Stock Up 1.0%

Shares of NYSE AR traded up $0.41 during mid-day trading on Friday, reaching $39.46. 2,894,021 shares of the company traded hands, compared to its average volume of 4,177,243. The company's fifty day moving average is $37.04 and its two-hundred day moving average is $35.90. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The stock has a market cap of $12.25 billion, a PE ratio of 123.31 and a beta of 0.66.

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

Analyst Ratings Changes

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

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.