67,511 Shares in Antero Resources Corporation $AR Acquired by Brooklands Fund Management Ltd

Brooklands Fund Management Ltd bought a new stake in Antero Resources Corporation (NYSE:AR) in the first quarter, HoldingsChannel reports. The fund bought 67,511 shares of the oil and natural gas company’s stock, valued at approximately $2,865,000. Antero Resources accounts for 3.2% of Brooklands Fund Management Ltd’s portfolio, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in Antero Resources during the third quarter worth approximately $30,000. IFP Advisors Inc grew its stake in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Antero Resources during the 4th quarter valued at $41,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Antero Resources during the 4th quarter worth $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Antero Resources during the 4th quarter worth $45,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AR shares. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. UBS Group lowered their price target on Antero Resources from $56.00 to $50.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th. JPMorgan Chase & Co. dropped their price target on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Roth Capital restated a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a report on Thursday, April 30th. Finally, Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $48.56.

Antero Resources Stock Performance

Shares of AR stock opened at $35.09 on Friday. The company’s fifty day simple moving average is $35.17 and its 200-day simple moving average is $36.32. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The company has a market cap of $10.87 billion, a PE ratio of 11.39 and a beta of 0.33.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider owned 1,085,192 shares in the company, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the transaction, the insider owned 277,665 shares in the company, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.10% of the stock is currently owned by corporate insiders.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.