Universal Beteiligungs und Servicegesellschaft mbH Buys New Holdings in Antero Resources Corporation (NYSE:AR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Antero Resources Corporation worth approximately $7.49 million during the first quarter, adding 185,166 shares to its portfolio.
• Several hedge funds have adjusted their holdings in Antero Resources, with notable purchases totaling around $31,000 to $56,000 made by multiple firms in the last quarter.
• Antero Resources has received a mix of ratings from analysts, with recent upgrades from various firms pushing the average target price to $44.18 and reflecting a consensus rating of "Moderate Buy."

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 185,166 shares of the oil and natural gas company's stock, valued at approximately $7,488,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.06% of Antero Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in Antero Resources by 109.6% during the 1st quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock valued at $1,323,000 after purchasing an additional 17,113 shares in the last quarter. Slate Path Capital LP acquired a new stake in Antero Resources during the 4th quarter valued at approximately $35,471,000. Bessemer Group Inc. grew its position in shares of Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after buying an additional 411 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Antero Resources in the first quarter valued at $538,000. Finally, OneDigital Investment Advisors LLC acquired a new position in Antero Resources during the 1st quarter worth $284,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of the company'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 owned 306,819 shares in the company, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the transaction, the director directly owned 38,013 shares in the company, valued at approximately $1,551,690.66. This represents a 96.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,125,200 shares of company stock worth $45,887,466 over the last three months. Company insiders own 6.70% of the company's stock.

Antero Resources Trading Up 0.3%

Shares of AR stock traded up $0.10 during trading hours on Monday, reaching $32.63. 4,512,103 shares of the stock traded hands, compared to its average volume of 5,106,354. The firm has a market capitalization of $10.13 billion, a PE ratio of 37.94 and a beta of 0.68. The business has a fifty day moving average price of $38.39 and a 200 day moving average price of $37.82. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The firm's revenue was up 20.5% on a year-over-year basis. On average, equities research analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AR shares. Scotiabank lifted their target price on Antero Resources from $46.00 to $53.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $47.00 to $49.00 in a research report on Tuesday, May 13th. Bank of America lifted their target price on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. UBS Group boosted 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. Finally, Raymond James Financial increased their target price on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $44.18.

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.