Y Intercept Hong Kong Ltd Purchases 12,099 Shares of Antero Midstream Co. (NYSE:AM)

Y Intercept Hong Kong Ltd lifted its position in shares of Antero Midstream Co. (NYSE:AM) by 20.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,500 shares of the pipeline company’s stock after purchasing an additional 12,099 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Antero Midstream were worth $1,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in Antero Midstream in the 3rd quarter valued at $38,000. Blue Trust Inc. grew its position in Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after buying an additional 1,857 shares during the period. Brooklyn Investment Group purchased a new stake in Antero Midstream during the third quarter worth about $48,000. First Horizon Advisors Inc. raised its position in Antero Midstream by 24.2% in the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in Antero Midstream in the second quarter valued at about $55,000. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AM has been the topic of a number of research reports. StockNews.com raised shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley increased their price target on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Tuesday, August 27th.

Antero Midstream Stock Down 0.9 %

AM opened at $15.06 on Friday. The company has a 50 day moving average of $15.29 and a 200 day moving average of $14.84. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.00. The company has a market cap of $7.25 billion, a PE ratio of 18.59 and a beta of 2.40.

Antero Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.98%. Antero Midstream’s payout ratio is 111.11%.

Insider Buying and Selling

In related news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by insiders.

Antero Midstream Company 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.