Tidal Investments LLC Sells 37,242 Shares of Antero Resources Corporation $AR

Key Points

• Tidal Investments reduced its Antero Resources stake by 21% in the second quarter, selling 37,242 shares and retaining 139,734 shares valued at approximately $4.91 million.
• Institutional investors own 83.04% of Antero Resources, while several funds—including Eastern Bank, Mitsubishi UFJ Asset Management and Rakuten Securities—initiated new positions.
• Antero Resources shares opened at $38.43, compared with a consensus analyst price target of $48.72. The stock carries a “Moderate Buy” consensus rating, supported by multiple Buy and Strong Buy recommendations.

Tidal Investments LLC reduced its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 21.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,734 shares of the oil and natural gas company's stock after selling 37,242 shares during the quarter. Tidal Investments LLC's holdings in Antero Resources were worth $4,910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Eastern Bank bought a new stake in shares of Antero Resources during the 2nd quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Antero Resources in the second quarter worth approximately $29,000. Rakuten Securities Inc. bought a new position in shares of Antero Resources in the second quarter worth approximately $31,000. Sunbelt Securities Inc. purchased a new stake in Antero Resources in the third quarter valued at approximately $30,000. Finally, IFP Advisors Inc lifted its position in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock valued at $31,000 after purchasing an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Trading Down 0.0%

Shares of AR opened at $38.43 on Monday. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 11.04 and a beta of 0.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm has a 50 day moving average price of $36.43 and a 200-day moving average price of $37.22.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reissued an "overweight" rating and issued a $49.00 price target on shares of Antero Resources in a research note on Wednesday, August 19th. Wolfe Research restated an "outperform" rating and set a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. Benchmark lifted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. The Goldman Sachs Group upped their target price on shares of Antero Resources from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Finally, Zacks Research cut Antero Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.72.

Antero Resources Profile

Antero Resources Corporation NYSE: AR is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.

The company's core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corporation (NYSE:AR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.