Columbus Macro LLC Purchases 50,738 Shares of Antero Midstream Corporation $AM

Columbus Macro LLC boosted its position in shares of Antero Midstream Corporation (NYSE:AM) by 6.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 801,445 shares of the pipeline company’s stock after acquiring an additional 50,738 shares during the period. Antero Midstream accounts for about 1.5% of Columbus Macro LLC’s holdings, making the stock its 10th biggest position. Columbus Macro LLC’s holdings in Antero Midstream were worth $16,157,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AM. Root Financial Partners LLC increased its holdings in shares of Antero Midstream by 36.4% in the first quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 537 shares during the period. PNC Financial Services Group Inc. increased its stake in Antero Midstream by 2.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 21,430 shares of the pipeline company’s stock worth $489,000 after acquiring an additional 537 shares during the last quarter. Wedmont Private Capital increased its stake in Antero Midstream by 2.1% in the 2nd quarter. Wedmont Private Capital now owns 29,797 shares of the pipeline company’s stock worth $664,000 after acquiring an additional 608 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Antero Midstream by 3.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 21,743 shares of the pipeline company’s stock worth $495,000 after acquiring an additional 642 shares during the last quarter. Finally, Keybank National Association OH increased its stake in Antero Midstream by 7.0% in the 1st quarter. Keybank National Association OH now owns 11,079 shares of the pipeline company’s stock worth $253,000 after acquiring an additional 729 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Down 1.7%

NYSE AM traded down $0.35 during trading on Wednesday, hitting $20.73. 2,071,616 shares of the company’s stock traded hands, compared to its average volume of 2,591,255. The stock has a fifty day moving average of $21.70 and a two-hundred day moving average of $21.88. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.84 and a quick ratio of 0.84. Antero Midstream Corporation has a 12-month low of $16.96 and a 12-month high of $23.83. The firm has a market cap of $9.84 billion, a P/E ratio of 24.67 and a beta of 0.72.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The firm had revenue of $327.24 million for the quarter, compared to analysts’ expectations of $326.43 million. During the same quarter last year, the business earned $0.29 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that Antero Midstream Corporation will post 1.09 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on AM. Capital One Financial raised Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a report on Tuesday, September 22nd. Weiss Ratings lowered Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 2nd. The Goldman Sachs Group set a $24.00 price objective on Antero Midstream in a report on Tuesday, July 14th. Wells Fargo & Company upped their price objective on shares of Antero Midstream from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, UBS Group decreased their price objective on shares of Antero Midstream from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, September 21st. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $24.20.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks Klimley sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the sale, the director owned 68,204 shares of the company’s stock, valued at $1,450,699.08. This trade represents a 6.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sheri Pearce sold 16,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $22.01, for a total transaction of $352,160.00. Following the completion of the transaction, the insider owned 83,900 shares in the company, valued at $1,846,639. The trade was a 16.02% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Antero Midstream Profile

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production in the Appalachian Basin. The company primarily serves Antero Resources Corporation, providing the gathering and processing services needed to move production from well sites into downstream markets.

Antero Midstream’s operations include natural gas gathering, compression and processing, as well as water handling and related services.