GW&K Investment Management LLC Lowers Stock Position in Antero Resources Corporation $AR

GW&K Investment Management LLC cut its stake in shares of Antero Resources Corporation (NYSE:AR) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 1,013,645 shares of the oil and natural gas company’s stock after selling 20,806 shares during the period. GW&K Investment Management LLC’s holdings in Antero Resources were worth $34,931,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Bancorp USA Inc. purchased a new position in Antero Resources during the third quarter valued at approximately $77,294,000. Massachusetts Financial Services Co. MA boosted its position in shares of Antero Resources by 111.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock worth $137,437,000 after purchasing an additional 2,099,755 shares during the period. AQR Capital Management LLC increased its stake in shares of Antero Resources by 140.2% in the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after purchasing an additional 2,023,828 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after purchasing an additional 1,922,977 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Antero Resources during the 4th quarter valued at $58,831,000. Institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on AR shares. Williams Trading set a $56.00 target price on shares of Antero Resources in a report on Monday, April 20th. Bank of America raised their price target on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Citigroup boosted their price objective on Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. UBS Group upped their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Roth Mkm reissued a “neutral” rating and set a $38.00 target price on shares of Antero Resources in a research note on Thursday, April 30th. Four investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $50.06.

Insider Activity at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director owned 150,242 shares in the company, valued at $6,610,648. This trade represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 237,316 shares of company stock worth $9,387,309. Company insiders own 4.10% of the company’s stock.

Antero Resources Trading Up 3.0%

Shares of AR stock opened at $35.71 on Thursday. The company has a market cap of $11.06 billion, a PE ratio of 11.59 and a beta of 0.33. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The stock’s 50 day simple moving average is $37.54 and its two-hundred day simple moving average is $36.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

About Antero Resources

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.