Salzhauer Michael Cuts Stock Position in Antero Resources Co. (NYSE:AR)

Salzhauer Michael trimmed its holdings in shares of Antero Resources Co. (NYSE:AR) by 21.2% in the fourth quarter, Holdings Channel reports. The firm owned 26,000 shares of the oil and natural gas company’s stock after selling 7,000 shares during the period. Salzhauer Michael’s holdings in Antero Resources were worth $911,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AR. Caprock Group LLC boosted its position in Antero Resources by 0.6% in the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock valued at $2,047,000 after buying an additional 374 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Antero Resources by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in Antero Resources by 5.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock valued at $242,000 after purchasing an additional 460 shares in the last quarter. Blue Trust Inc. increased its holdings in Antero Resources by 10.9% during the 4th quarter. Blue Trust Inc. now owns 5,316 shares of the oil and natural gas company’s stock worth $186,000 after purchasing an additional 521 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after purchasing an additional 523 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Down 1.1 %

Shares of NYSE AR opened at $37.88 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 12 month low of $20.56 and a 12 month high of $41.53. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 270.54 and a beta of 3.33. The business has a fifty day simple moving average of $35.61 and a 200-day simple moving average of $30.84.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. The Goldman Sachs Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Bank of America initiated coverage on shares of Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. UBS Group boosted their price objective on Antero Resources from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Finally, Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $24.00 to $32.00 in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.