20,817 Shares in Antero Resources Corporation $AR Bought by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new position in Antero Resources Corporation (NYSE:AR) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 20,817 shares of the oil and natural gas company’s stock, valued at approximately $883,000.

A number of other large investors also recently bought and sold shares of the business. Quantinno Capital Management LP lifted its holdings in shares of Antero Resources by 89.9% during the first quarter. Quantinno Capital Management LP now owns 150,476 shares of the oil and natural gas company’s stock valued at $6,386,000 after purchasing an additional 71,253 shares during the last quarter. Clough Capital Partners L P boosted its position in shares of Antero Resources by 46.3% in the 1st quarter. Clough Capital Partners L P now owns 503,153 shares of the oil and natural gas company’s stock worth $21,354,000 after purchasing an additional 159,332 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Antero Resources by 427.4% in the 1st quarter. Lazard Asset Management LLC now owns 733,422 shares of the oil and natural gas company’s stock worth $31,126,000 after buying an additional 594,352 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Antero Resources in the 1st quarter worth approximately $2,716,000. Finally, Waverly Advisors LLC bought a new position in Antero Resources during the 1st quarter valued at approximately $322,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AR has been the topic of a number of analyst reports. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Mizuho raised their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. decreased their target price on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Morgan Stanley dropped their target price on shares of Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Finally, Weiss Ratings cut shares of Antero Resources from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus price target of $48.56.

Antero Resources Price Performance

NYSE AR opened at $34.00 on Wednesday. The company has a 50-day moving average price of $34.93 and a 200-day moving average price of $36.36. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $10.54 billion, a P/E ratio of 11.04 and a beta of 0.33.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the firm’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 sale, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the transaction, the insider owned 277,665 shares in the company, valued at $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.10% of the stock is owned by company insiders.

Antero Resources 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.