SG Americas Securities LLC Acquires 457,345 Shares of Antero Resources Corporation $AR

SG Americas Securities LLC grew its holdings in Antero Resources Corporation (NYSE:AR) by 1,817.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 482,506 shares of the oil and natural gas company’s stock after acquiring an additional 457,345 shares during the period. SG Americas Securities LLC owned 0.16% of Antero Resources worth $19,435,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. SVB Wealth LLC acquired a new stake in shares of Antero Resources in the 1st quarter valued at $26,000. Huntington National Bank lifted its position in shares of Antero Resources by 91.3% in the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock worth $26,000 after buying an additional 313 shares during the last quarter. FNY Investment Advisers LLC lifted its position in shares of Antero Resources by 9,900.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after buying an additional 1,485 shares during the last quarter. Morse Asset Management Inc bought a new stake in shares of Antero Resources during the 1st quarter worth about $142,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Antero Resources in the 2nd quarter valued at approximately $162,000. Institutional investors own 83.04% of the company’s stock.

Insider Transactions at Antero Resources

In other news, insider Brendan E. Krueger purchased 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was purchased at an average price of $33.35 per share, with a total value of $166,750.00. Following the acquisition, the insider directly owned 295,917 shares in the company, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 6.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AR shares. Barclays decreased their target price on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Morgan Stanley decreased their price objective on shares of Antero Resources from $47.00 to $44.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a report on Thursday. JPMorgan Chase & Co. decreased their price target on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Finally, Zacks Research upgraded Antero Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Antero Resources Stock Performance

NYSE:AR opened at $34.34 on Friday. The firm’s 50-day moving average is $32.85 and its 200-day moving average is $35.09. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 18.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $44.01.

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.