Deltec Asset Management LLC Has $3.01 Million Stake in Antero Resources Co. (NYSE:AR)

Deltec Asset Management LLC cut its stake in Antero Resources Co. (NYSE:AR) by 43.5% in the second quarter, Holdings Channel.com reports. The firm owned 92,265 shares of the oil and natural gas company’s stock after selling 71,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Antero Resources were worth $3,011,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AR. Cerity Partners LLC bought a new stake in shares of Antero Resources in the 4th quarter valued at about $1,015,000. Eagle Asset Management Inc. raised its stake in Antero Resources by 9.3% in the fourth quarter. Eagle Asset Management Inc. now owns 3,340,434 shares of the oil and natural gas company’s stock valued at $75,761,000 after buying an additional 285,485 shares during the period. M&T Bank Corp lifted its position in shares of Antero Resources by 5.6% in the fourth quarter. M&T Bank Corp now owns 21,474 shares of the oil and natural gas company’s stock valued at $487,000 after buying an additional 1,141 shares during the last quarter. MADDEN SECURITIES Corp boosted its stake in shares of Antero Resources by 38.5% during the 1st quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company’s stock worth $4,351,000 after acquiring an additional 41,725 shares during the period. Finally, National Bank of Canada FI increased its holdings in shares of Antero Resources by 223.3% during the 4th quarter. National Bank of Canada FI now owns 121,911 shares of the oil and natural gas company’s stock worth $2,758,000 after acquiring an additional 84,201 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 0.4 %

Shares of NYSE AR traded up $0.11 during trading on Wednesday, reaching $27.40. The company had a trading volume of 2,052,958 shares, compared to its average volume of 4,275,188. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average is $31.17 and its 200 day moving average is $29.59. The stock has a market cap of $8.52 billion, a PE ratio of 136.45 and a beta of 3.40.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the sale, the insider now owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction on Monday, May 20th. The shares were sold at an average price of $35.50, for a total value of $581,383.50. Following the sale, the insider now directly owns 77,460 shares in the company, valued at approximately $2,749,830. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the sale, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. The disclosure for this sale can be found here. 6.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AR. Mizuho raised their target price on shares of Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Wells Fargo & Company reduced their price objective on Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday. Wolfe Research began coverage on Antero Resources in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Friday, April 26th. Finally, Scotiabank upped their price objective on Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $33.38.

About Antero Resources

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.