GW&K Investment Management LLC Cuts Stock Position in Antero Resources Corporation $AR

GW&K Investment Management LLC decreased its stake in shares of Antero Resources Corporation (NYSE:AR) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,013,645 shares of the oil and natural gas company’s stock after selling 20,806 shares during the quarter. GW&K Investment Management LLC owned about 0.33% of Antero Resources worth $34,931,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AR. CIBC Bancorp USA Inc. bought a new position in shares of Antero Resources during the third quarter valued at $77,294,000. Massachusetts Financial Services Co. MA boosted its stake in Antero Resources by 111.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock worth $137,437,000 after purchasing an additional 2,099,755 shares in the last quarter. AQR Capital Management LLC boosted its stake in Antero Resources by 140.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after purchasing an additional 2,023,828 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after purchasing an additional 1,922,977 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Antero Resources during the 4th quarter valued at about $58,831,000. 83.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AR. Weiss Ratings cut shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. 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. UBS Group boosted their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Zacks Research downgraded Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $50.06.

Antero Resources Price Performance

NYSE AR opened at $35.71 on Thursday. The company has a 50-day moving average price of $37.54 and a 200-day moving average price of $36.47. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $11.06 billion, a P/E ratio of 11.59 and a beta of 0.33.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 39,490 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the sale, the insider directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider owned 1,085,192 shares in the company, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 237,316 shares of company stock valued at $9,387,309. Insiders own 4.10% of the company’s stock.

Antero Resources Profile

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.