Quantinno Capital Management LP Buys 71,253 Shares of Antero Resources Corporation $AR

Quantinno Capital Management LP lifted its stake in shares of Antero Resources Corporation (NYSE:AR) by 89.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,476 shares of the oil and natural gas company’s stock after purchasing an additional 71,253 shares during the quarter. Quantinno Capital Management LP’s holdings in Antero Resources were worth $6,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in shares of Antero Resources by 16,498.3% during the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock worth $389,000 after buying an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after acquiring an additional 43,312 shares during the last quarter. Focus Partners Wealth increased its holdings in Antero Resources by 18.9% in the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after purchasing an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Antero Resources by 701.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Antero Resources by 22.5% during the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after purchasing an additional 6,700 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 3.8%

AR opened at $34.32 on Thursday. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month 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 0.29. The company has a fifty day moving average of $34.79 and a 200-day moving average of $36.50. The stock has a market cap of $10.55 billion, a PE ratio of 9.86 and a beta of 0.34.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AR. Citigroup dropped their price objective on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a report on Monday. Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Bank of America lifted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $48.53.

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.