Tortoise Capital Advisors L.L.C. Has $208.05 Million Holdings in Antero Midstream Corp (NYSE:AM)

Tortoise Capital Advisors L.L.C. lessened its stake in shares of Antero Midstream Corp (NYSE:AM) by 34.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,410,391 shares of the pipeline company’s stock after selling 14,160,257 shares during the period. Antero Midstream comprises 1.3% of Tortoise Capital Advisors L.L.C.’s investment portfolio, making the stock its 22nd largest holding. Tortoise Capital Advisors L.L.C. owned about 5.66% of Antero Midstream worth $208,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oakbrook Investments LLC grew its stake in Antero Midstream by 16.7% during the 4th quarter. Oakbrook Investments LLC now owns 15,400 shares of the pipeline company’s stock valued at $117,000 after acquiring an additional 2,200 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Antero Midstream by 1.5% in the 4th quarter. Schroder Investment Management Group now owns 165,200 shares of the pipeline company’s stock valued at $1,254,000 after buying an additional 2,500 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Antero Midstream by 6.4% in the 4th quarter. State of Alaska Department of Revenue now owns 48,817 shares of the pipeline company’s stock valued at $370,000 after buying an additional 2,917 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Antero Midstream by 15.0% in the 4th quarter. Sigma Planning Corp now owns 24,364 shares of the pipeline company’s stock valued at $185,000 after buying an additional 3,181 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Antero Midstream by 28.5% in the 4th quarter. Signaturefd LLC now owns 15,126 shares of the pipeline company’s stock valued at $115,000 after buying an additional 3,351 shares in the last quarter. Hedge funds and other institutional investors own 68.00% of the company’s stock.

A number of brokerages have issued reports on AM. Citigroup decreased their target price on Antero Midstream from $12.00 to $7.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Wells Fargo & Co lowered Antero Midstream from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a research note on Monday, February 24th. Zacks Investment Research lowered Antero Midstream from a “buy” rating to a “hold” rating and set a $9.25 target price for the company. in a research note on Friday, January 17th. Robert W. Baird lowered Antero Midstream from an “outperform” rating to a “neutral” rating and cut their target price for the company from $6.00 to $4.00 in a research note on Monday, March 9th. Finally, LADENBURG THALM/SH SH cut their target price on Antero Midstream from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Antero Midstream presently has an average rating of “Hold” and an average price target of $9.13.

NYSE:AM traded up $0.05 during trading hours on Thursday, reaching $2.30. The company had a trading volume of 7,801,308 shares, compared to its average volume of 7,733,158. The stock has a 50-day moving average of $3.93 and a two-hundred day moving average of $5.88. Antero Midstream Corp has a one year low of $1.69 and a one year high of $14.50. The firm has a market capitalization of $1.19 billion, a PE ratio of -3.38 and a beta of 1.43. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.92.

Antero Midstream (NYSE:AM) last announced its earnings results on Wednesday, February 12th. The pipeline company reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.23 by ($0.52). The business had revenue of $239.10 million for the quarter, compared to the consensus estimate of $260.58 million. Antero Midstream had a positive return on equity of 15.01% and a negative net margin of 44.80%. As a group, sell-side analysts expect that Antero Midstream Corp will post 0.85 earnings per share for the current year.

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.

Read More: Back-End Load

Want to see what other hedge funds are holding AM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Midstream Corp (NYSE:AM).

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

Receive News & Ratings for Antero Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply