GAM Holding AG Has $296,000 Position in Antero Resources Corporation (NYSE:AR)

GAM Holding AG continued to hold its position in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,676 shares of the oil and natural gas company’s stock at the end of the 2nd quarter. GAM Holding AG’s holdings in Antero Resources Corporation were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Federated Investors Inc. PA boosted its holdings in Antero Resources Corporation by 53.3% in the second quarter. Federated Investors Inc. PA now owns 46,000 shares of the oil and natural gas company’s stock worth $994,000 after purchasing an additional 16,000 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Antero Resources Corporation by 13.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 313,544 shares of the oil and natural gas company’s stock worth $6,776,000 after acquiring an additional 37,332 shares during the period. KBC Group NV raised its position in Antero Resources Corporation by 3.3% in the second quarter. KBC Group NV now owns 259,134 shares of the oil and natural gas company’s stock worth $5,600,000 after acquiring an additional 8,228 shares during the period. BNP Paribas Arbitrage SA raised its position in Antero Resources Corporation by 34.0% in the second quarter. BNP Paribas Arbitrage SA now owns 81,683 shares of the oil and natural gas company’s stock worth $1,765,000 after acquiring an additional 20,742 shares during the period. Finally, Comerica Bank raised its position in Antero Resources Corporation by 11.9% in the second quarter. Comerica Bank now owns 18,164 shares of the oil and natural gas company’s stock worth $378,000 after acquiring an additional 1,927 shares during the period. Institutional investors own 93.59% of the company’s stock.

Shares of Antero Resources Corporation (AR) opened at 19.85 on Friday. Antero Resources Corporation has a one year low of $18.23 and a one year high of $28.30. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 461.63 and a beta of 0.95. The company’s 50-day moving average is $19.47 and its 200-day moving average is $21.22.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The company had revenue of $736.00 million during the quarter, compared to analysts’ expectations of $778.55 million. Antero Resources Corporation had a return on equity of 1.44% and a net margin of 0.48%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS. On average, equities analysts predict that Antero Resources Corporation will post $0.30 EPS for the current year.

Several research analysts have weighed in on AR shares. ValuEngine downgraded shares of Antero Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Wolfe Research downgraded shares of Antero Resources Corporation from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 15th. BMO Capital Markets restated a “buy” rating and set a $26.00 price objective on shares of Antero Resources Corporation in a research report on Thursday, June 22nd. Finally, Scotiabank set a $27.00 price objective on shares of Antero Resources Corporation and gave the company a “buy” rating in a research report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $29.61.

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In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total value of $77,781.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 10.80% of the stock is owned by corporate insiders.

About Antero Resources Corporation

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

Institutional Ownership by Quarter for Antero Resources Corporation (NYSE:AR)

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