Advisors Asset Management Inc. Has $5.63 Million Position in Antero Midstream Corp (NYSE:AM)

Advisors Asset Management Inc. boosted its stake in shares of Antero Midstream Corp (NYSE:AM) by 150.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 741,264 shares of the pipeline company’s stock after buying an additional 445,069 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.15% of Antero Midstream worth $5,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Chickasaw Capital Management LLC lifted its stake in shares of Antero Midstream by 31.0% in the 4th quarter. Chickasaw Capital Management LLC now owns 19,084,609 shares of the pipeline company’s stock valued at $144,852,000 after purchasing an additional 4,511,496 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Antero Midstream by 232.3% in the 4th quarter. Bank of New York Mellon Corp now owns 8,214,350 shares of the pipeline company’s stock valued at $62,347,000 after purchasing an additional 5,742,629 shares during the period. State Street Corp lifted its stake in shares of Antero Midstream by 9.7% in the 4th quarter. State Street Corp now owns 6,165,461 shares of the pipeline company’s stock valued at $46,796,000 after purchasing an additional 545,942 shares during the period. Barclays PLC lifted its stake in shares of Antero Midstream by 505.6% in the 4th quarter. Barclays PLC now owns 6,017,979 shares of the pipeline company’s stock valued at $45,677,000 after purchasing an additional 5,024,234 shares during the period. Finally, DDD Partners LLC lifted its stake in shares of Antero Midstream by 24.5% in the 4th quarter. DDD Partners LLC now owns 1,836,115 shares of the pipeline company’s stock valued at $13,936,000 after purchasing an additional 361,276 shares during the period. 68.00% of the stock is currently owned by hedge funds and other institutional investors.

AM stock opened at $2.25 on Thursday. The stock’s 50 day simple moving average is $3.93 and its 200 day simple moving average is $5.88. Antero Midstream Corp has a fifty-two week low of $1.69 and a fifty-two week high of $14.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market cap of $1.17 billion, a P/E ratio of -3.31 and a beta of 1.43.

Antero Midstream (NYSE:AM) last posted its quarterly earnings results on Wednesday, February 12th. The pipeline company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.52). Antero Midstream had a positive return on equity of 15.01% and a negative net margin of 44.80%. The firm had revenue of $239.10 million for the quarter, compared to analyst estimates of $260.58 million. Equities analysts predict that Antero Midstream Corp will post 0.86 earnings per share for the current year.

A number of research analysts have recently issued reports on the company. LADENBURG THALM/SH SH dropped their price objective on Antero Midstream from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, December 9th. Citigroup dropped their price objective on Antero Midstream from $12.00 to $7.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Robert W. Baird downgraded Antero Midstream from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $6.00 to $4.00 in a research note on Monday, March 9th. ValuEngine downgraded Antero Midstream from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Finally, Wells Fargo & Co downgraded Antero Midstream from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Antero Midstream presently has a consensus rating of “Hold” and a consensus target price of $9.13.

Antero Midstream Company Profile

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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Institutional Ownership by Quarter for Antero Midstream (NYSE:AM)

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