Los Angeles Capital Management LLC Buys 566,604 Shares of Antero Midstream Co. (NYSE:AM)

Los Angeles Capital Management LLC raised its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 157.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927,325 shares of the pipeline company's stock after acquiring an additional 566,604 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.19% of Antero Midstream worth $11,619,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AM. Lindbrook Capital LLC boosted its position in Antero Midstream by 78.5% during the fourth quarter. Lindbrook Capital LLC now owns 2,089 shares of the pipeline company's stock valued at $26,000 after purchasing an additional 919 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of Antero Midstream by 175.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 3,031 shares of the pipeline company's stock valued at $38,000 after buying an additional 1,930 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Antero Midstream in the 4th quarter valued at approximately $51,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Antero Midstream in the 4th quarter valued at approximately $104,000. Finally, Bleakley Financial Group LLC acquired a new position in Antero Midstream in the fourth quarter worth approximately $127,000. Institutional investors and hedge funds own 53.97% of the company's stock.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 16,394 shares of Antero Midstream stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $13.67, for a total value of $224,105.98. Following the transaction, the insider now directly owns 170,266 shares of the company's stock, valued at approximately $2,327,536.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by corporate insiders.

Antero Midstream Stock Performance

Antero Midstream stock traded up $0.19 during trading hours on Friday, reaching $14.15. 3,691,787 shares of the company were exchanged, compared to its average volume of 2,302,911. Antero Midstream Co. has a 12 month low of $10.09 and a 12 month high of $14.52. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average of $13.82 and a 200 day moving average of $12.99. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 17.69 and a beta of 2.26.

Antero Midstream (NYSE:AM - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Antero Midstream had a return on equity of 20.82% and a net margin of 36.67%. The firm had revenue of $279.05 million for the quarter, compared to the consensus estimate of $277.25 million. During the same period in the prior year, the company posted $0.21 earnings per share. Antero Midstream's quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts anticipate that Antero Midstream Co. will post 0.89 earnings per share for the current year.

Antero Midstream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Tuesday, April 23rd. Antero Midstream's dividend payout ratio is currently 112.50%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on AM shares. Tudor, Pickering, Holt & Co. cut shares of Antero Midstream from a "buy" rating to a "hold" rating and lifted their target price for the company from $12.00 to $13.00 in a research note on Tuesday, March 12th. StockNews.com lowered shares of Antero Midstream from a "buy" rating to a "hold" rating in a research note on Saturday. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.70.

Antero Midstream 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.