Glenorchy Capital Ltd Makes New $1.72 Million Investment in Antero Resources Co. (NYSE:AR)

Glenorchy Capital Ltd acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 76,016 shares of the oil and natural gas company's stock, valued at approximately $1,724,000. Antero Resources makes up 0.7% of Glenorchy Capital Ltd's investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of AR. CWM LLC raised its holdings in shares of Antero Resources by 33.9% in the 3rd quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company's stock valued at $76,000 after purchasing an additional 757 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of Antero Resources in the 3rd quarter valued at $1,062,000. Commonwealth Equity Services LLC grew its position in shares of Antero Resources by 49.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 81,591 shares of the oil and natural gas company's stock valued at $2,071,000 after buying an additional 27,005 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Antero Resources by 166.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,651 shares of the oil and natural gas company's stock valued at $1,184,000 after buying an additional 29,172 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new position in shares of Antero Resources in the 3rd quarter valued at $246,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AR has been the topic of several research reports. Truist Financial lowered their price objective on shares of Antero Resources from $28.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 5th. JPMorgan Chase & Co. lifted their target price on shares of Antero Resources from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, March 27th. Mizuho lifted their target price on shares of Antero Resources from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday, April 3rd. Scotiabank lifted their target price on shares of Antero Resources from $26.00 to $36.00 and gave the company a "sector perform" rating in a report on Thursday, April 11th. Finally, Tudor, Pickering, Holt & Co. upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and set a $32.00 price objective for the company in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.69.

Antero Resources Stock Up 2.1 %

AR traded up $0.64 during trading on Tuesday, hitting $31.01. The company had a trading volume of 5,841,149 shares, compared to its average volume of 4,787,765. The company has a market cap of $9.41 billion, a PE ratio of 40.27 and a beta of 3.30. The business has a 50-day moving average of $27.25 and a 200-day moving average of $25.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33. Antero Resources Co. has a 1-year low of $19.91 and a 1-year high of $31.41.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. As a group, analysts forecast that Antero Resources Co. will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the sale, the insider now directly owns 106,698 shares of the company's stock, valued at $2,805,090.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Sheri Pearce sold 28,009 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction of $736,356.61. Following the completion of the transaction, the insider now owns 106,698 shares in the company, valued at $2,805,090.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the completion of the transaction, the director now owns 3,000,000 shares of the company's stock, valued at approximately $77,550,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 467,280 shares of company stock valued at $12,153,605. Company insiders own 5.95% of the company's stock.

Antero Resources Company Profile

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.

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