MAI Capital Management lifted its holdings in shares of Antero Midstream Partners LP (NYSE:AM) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,450 shares of the pipeline company’s stock after acquiring an additional 3,491 shares during the period. MAI Capital Management owned 0.09% of Antero Midstream Partners worth $4,856,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. BB&T Securities LLC raised its position in shares of Antero Midstream Partners by 34.3% during the 2nd quarter. BB&T Securities LLC now owns 64,441 shares of the pipeline company’s stock worth $1,902,000 after acquiring an additional 16,470 shares in the last quarter. Franklin Square Holdings L.P. acquired a new stake in shares of Antero Midstream Partners during the 2nd quarter worth about $425,000. Lake Street Advisors Group LLC acquired a new stake in shares of Antero Midstream Partners during the 2nd quarter worth about $577,000. Payden & Rygel raised its position in shares of Antero Midstream Partners by 0.7% during the 2nd quarter. Payden & Rygel now owns 785,740 shares of the pipeline company’s stock worth $23,195,000 after acquiring an additional 5,600 shares in the last quarter. Finally, Global X Management Co LLC raised its position in shares of Antero Midstream Partners by 22.8% during the 2nd quarter. Global X Management Co LLC now owns 1,213,416 shares of the pipeline company’s stock worth $35,820,000 after acquiring an additional 224,980 shares in the last quarter. 47.58% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on AM shares. ValuEngine raised Antero Midstream Partners from a “hold” rating to a “buy” rating in a research report on Tuesday. Raymond James reissued a “market perform” rating on shares of Antero Midstream Partners in a research report on Wednesday. Wells Fargo & Co raised their target price on Antero Midstream Partners from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Thursday. Stifel Nicolaus raised Antero Midstream Partners from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a research report on Tuesday, August 28th. Finally, JPMorgan Chase & Co. lifted their price target on Antero Midstream Partners from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, August 10th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Antero Midstream Partners presently has a consensus rating of “Buy” and a consensus price target of $34.95.
AM opened at $32.88 on Friday. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 23.49 and a beta of 1.78. Antero Midstream Partners LP has a 52 week low of $24.20 and a 52 week high of $34.53. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.91.
Antero Midstream Partners (NYSE:AM) last released its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.02). The firm had revenue of $250.98 million for the quarter, compared to analyst estimates of $233.23 million. Antero Midstream Partners had a return on equity of 20.54% and a net margin of 32.94%. Equities analysts predict that Antero Midstream Partners LP will post 1.68 earnings per share for the current fiscal year.
Antero Midstream Partners Profile
Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.
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