Connor Clark & Lunn Investment Management Ltd. Invests $1.84 Million in Antero Resources Corp (AR) Stock
Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Antero Resources Corp (NYSE:AR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 195,800 shares of the oil and natural gas company’s stock, valued at approximately $1,839,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Antero Resources as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can grew its position in Antero Resources by 593.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 574,943 shares of the oil and natural gas company’s stock worth $5,204,000 after purchasing an additional 492,022 shares during the period. Northern Trust Corp boosted its stake in shares of Antero Resources by 11.1% during the 4th quarter. Northern Trust Corp now owns 1,470,124 shares of the oil and natural gas company’s stock worth $13,804,000 after acquiring an additional 147,335 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Antero Resources during the 4th quarter worth about $638,000. Parametrica Management Ltd purchased a new stake in shares of Antero Resources during the 4th quarter worth about $136,000. Finally, Clear Harbor Asset Management LLC boosted its stake in shares of Antero Resources by 28.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 288,383 shares of the oil and natural gas company’s stock worth $2,708,000 after acquiring an additional 63,553 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.
Shares of Antero Resources stock opened at $8.58 on Friday. The stock has a market capitalization of $2.52 billion, a P/E ratio of 11.14, a P/E/G ratio of 13.62 and a beta of 0.98. Antero Resources Corp has a twelve month low of $7.63 and a twelve month high of $22.69. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95.
In related news, insider Paul M. Rady purchased 12,239 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average cost of $8.34 per share, with a total value of $102,073.26. Following the purchase, the insider now owns 9,579,520 shares of the company’s stock, valued at approximately $79,893,196.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.40% of the company’s stock.
AR has been the topic of several recent analyst reports. MKM Partners initiated coverage on shares of Antero Resources in a research note on Wednesday, December 5th. They set a “buy” rating and a $17.00 target price on the stock. ValuEngine lowered shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. Scotiabank reissued a “hold” rating and set a $18.00 target price on shares of Antero Resources in a research note on Thursday, February 14th. TD Securities lowered their target price on shares of Antero Resources from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, December 19th. Finally, Zacks Investment Research lowered shares of Antero Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.05.
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About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
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