Allspring Global Investments Holdings LLC Sells 186,001 Shares of Antero Resources Corporation $AR

Allspring Global Investments Holdings LLC decreased its position in shares of Antero Resources Corporation (NYSE:AR) by 31.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 398,185 shares of the oil and natural gas company’s stock after selling 186,001 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Antero Resources were worth $16,270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AR. Sunbelt Securities Inc. acquired a new position in Antero Resources during the third quarter worth about $30,000. IFP Advisors Inc grew its holdings in shares of Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at approximately $41,000. Hilton Head Capital Partners LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at approximately $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in Antero Resources during the 4th quarter worth approximately $45,000. 83.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on AR shares. JPMorgan Chase & Co. dropped their price objective on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings cut shares of Antero Resources from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 7th. Jefferies Financial Group reiterated a “buy” rating and set a $57.00 price target on shares of Antero Resources in a report on Friday, May 1st. Roth Capital reiterated a “neutral” rating and issued a $38.00 price target on shares of Antero Resources in a research note on Thursday, April 30th. Finally, Williams Trading set a $56.00 price objective on Antero Resources in a report on Monday, April 20th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $48.56.

Insider Activity

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

Antero Resources Stock Up 1.9%

Shares of NYSE AR opened at $33.87 on Wednesday. The company has a market capitalization of $10.50 billion, a P/E ratio of 11.00 and a beta of 0.33. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The company’s 50 day moving average price is $35.24 and its 200-day moving average price is $36.31.

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.