Lighthouse Investment Partners LLC Increases Stake in Antero Resources Corporation $AR

Lighthouse Investment Partners LLC lifted its position in Antero Resources Corporation (NYSE:AR) by 213.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,000 shares of the oil and natural gas company’s stock after acquiring an additional 204,420 shares during the quarter. Lighthouse Investment Partners LLC owned 0.10% of Antero Resources worth $10,068,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AR. AQR Capital Management LLC grew its holdings in Antero Resources by 140.2% during 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 acquiring an additional 2,023,828 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Antero Resources by 31.8% in 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 in the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of Antero Resources in the 3rd quarter worth approximately $52,737,000. Marshall Wace LLP lifted its position in shares of Antero Resources by 676.5% in the 3rd quarter. Marshall Wace LLP now owns 1,632,627 shares of the oil and natural gas company’s stock worth $54,791,000 after purchasing an additional 1,422,377 shares during the period. Finally, Ninepoint Partners LP boosted its stake in shares of Antero Resources by 60.7% during the third quarter. Ninepoint Partners LP now owns 2,250,000 shares of the oil and natural gas company’s stock valued at $75,510,000 after purchasing an additional 850,000 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 15,000 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the completion of the sale, the insider directly owned 319,122 shares in the company, valued at approximately $12,551,068.26. This trade represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.30% of the company’s stock.

Antero Resources Price Performance

NYSE AR opened at $41.02 on Monday. The firm’s fifty day simple moving average is $34.84 and its two-hundred day simple moving average is $34.03. The firm has a market capitalization of $12.65 billion, a P/E ratio of 20.30 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.18. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.49 by $0.13. Antero Resources had a return on equity of 6.71% and a net margin of 12.02%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. Analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AR has been the subject of a number of recent research reports. Bank of America boosted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Benchmark raised Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Thursday, March 5th. Morgan Stanley reduced their price target on Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Friday, January 23rd. Barclays decreased their price objective on Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $36.00 price objective on shares of Antero Resources in a research report on Monday, December 8th. Four investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average target price of $45.87.

Antero Resources Company 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.