Sound Shore Management Inc. CT Increases Position in Antero Resources Corporation (AR)
Sound Shore Management Inc. CT boosted its stake in Antero Resources Corporation (NYSE:AR) by 5.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,932,900 shares of the oil and natural gas company’s stock after purchasing an additional 526,500 shares during the period. Antero Resources Corporation comprises 3.2% of Sound Shore Management Inc. CT’s investment portfolio, making the stock its 10th largest position. Sound Shore Management Inc. CT owned 3.15% of Antero Resources Corporation worth $197,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank boosted its stake in Antero Resources Corporation by 244.3% during the third quarter. Toronto Dominion Bank now owns 9,326 shares of the oil and natural gas company’s stock valued at $186,000 after buying an additional 6,617 shares during the last quarter. Balasa Dinverno & Foltz LLC purchased a new stake in shares of Antero Resources Corporation in the third quarter worth approximately $211,000. HighTower Advisors LLC purchased a new stake in shares of Antero Resources Corporation in the first quarter worth approximately $212,000. SG Americas Securities LLC purchased a new stake in shares of Antero Resources Corporation in the second quarter worth approximately $215,000. Finally, Linscomb & Williams Inc. purchased a new position in Antero Resources Corporation during the 2nd quarter worth $220,000. 94.24% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider K. Phil Yoo sold 10,865 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $19.25, for a total transaction of $209,151.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin J. Kilstrom sold 82,760 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $19.99, for a total value of $1,654,372.40. The disclosure for this sale can be found here. Company insiders own 9.20% of the company’s stock.
Shares of Antero Resources Corporation (NYSE AR) traded down $1.10 on Tuesday, hitting $18.82. The company had a trading volume of 3,241,000 shares, compared to its average volume of 3,368,054. The company has a market cap of $6,020.00, a PE ratio of 104.84 and a beta of 0.95. Antero Resources Corporation has a 12 month low of $17.89 and a 12 month high of $27.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54.
Antero Resources Corporation (NYSE:AR) last announced its earnings results on Wednesday, November 1st. The oil and natural gas company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a negative net margin of 12.82% and a positive return on equity of 0.78%. The business had revenue of $775.30 million for the quarter, compared to analysts’ expectations of $798.88 million. During the same period in the prior year, the business earned $0.18 earnings per share. analysts anticipate that Antero Resources Corporation will post -0.02 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on the company. Barclays PLC downgraded Antero Resources Corporation from an “overweight” rating to an “equal weight” rating and set a $21.00 price target on the stock. in a report on Monday. Jefferies Group LLC set a $20.00 price objective on Antero Resources Corporation and gave the company a “hold” rating in a research note on Friday. SunTrust Banks, Inc. restated a “hold” rating and issued a $22.00 price target on shares of Antero Resources Corporation in a research note on Friday, November 3rd. BMO Capital Markets set a $24.00 price objective on Antero Resources Corporation and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Antero Resources Corporation in a research note on Monday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $27.58.
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Antero Resources Corporation Company Profile
Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.
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