Antero Resources Corporation $AR Shares Sold by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. lessened its stake in Antero Resources Corporation (NYSE:AR) by 34.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,989 shares of the oil and natural gas company’s stock after selling 101,413 shares during the period. Aristeia Capital L.L.C. owned 0.06% of Antero Resources worth $6,581,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in Antero Resources in the 3rd quarter valued at approximately $30,000. IFP Advisors Inc lifted its stake in Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Antero Resources in the 4th quarter valued at approximately $41,000. Hilton Head Capital Partners LLC purchased a new stake in Antero Resources in the 4th quarter valued at approximately $44,000. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new stake in Antero Resources in the 4th quarter valued at approximately $45,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. The trade was a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.10% of the company’s stock.

Antero Resources Price Performance

AR opened at $33.90 on Thursday. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 11.01 and a beta of 0.33. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The company’s 50-day moving average price is $36.87 and its 200 day moving average price is $36.46. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32.

Analyst Ratings Changes

Several brokerages have weighed in on AR. Williams Trading set a $56.00 price target on Antero Resources in a report on Monday, April 20th. Bank of America upped their price target on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. Mizuho upped their price objective on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Finally, Barclays upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $50.06.

About Antero Resources

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.