Teachers Retirement System of The State of Kentucky Sells 4,510 Shares of Antero Resources Co. (NYSE:AR)

Teachers Retirement System of The State of Kentucky reduced its position in shares of Antero Resources Co. (NYSE:AR) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,281 shares of the oil and natural gas company’s stock after selling 4,510 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Antero Resources were worth $2,954,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock worth $928,000 after buying an additional 12,062 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Antero Resources during the fourth quarter worth about $556,000. Allspring Global Investments Holdings LLC increased its position in shares of Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock worth $304,000 after purchasing an additional 7,983 shares during the last quarter. Sei Investments Co. increased its position in shares of Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company’s stock worth $6,246,000 after purchasing an additional 12,156 shares during the last quarter. Finally, Capital CS Group LLC purchased a new stake in Antero Resources in the fourth quarter valued at approximately $615,000. Institutional investors own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 6.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Benchmark reissued a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. Morgan Stanley reiterated an “overweight” rating and issued a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. UBS Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. The Goldman Sachs Group upped their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $42.44.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $34.27 on Thursday. The firm has a market cap of $10.66 billion, a PE ratio of 107.10 and a beta of 3.08. The company’s fifty day simple moving average is $36.82 and its two-hundred day simple moving average is $34.46. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, equities analysts expect that Antero Resources Co. will post 2.74 EPS for the current year.

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.