Antero Resources Corp (AR) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in Antero Resources Corp (NYSE:AR) by 113.5% in the third quarter, Holdings Channel reports. The institutional investor owned 134,172 shares of the oil and natural gas company’s stock after buying an additional 71,317 shares during the period. Russell Investments Group Ltd.’s holdings in Antero Resources were worth $2,377,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Standard Life Aberdeen plc purchased a new position in shares of Antero Resources in the second quarter worth $254,000. Eqis Capital Management Inc. acquired a new stake in shares of Antero Resources in the second quarter worth $257,000. grace capital acquired a new stake in shares of Antero Resources in the second quarter worth $278,000. Nisa Investment Advisors LLC acquired a new stake in shares of Antero Resources in the second quarter worth $305,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Antero Resources in the second quarter worth $316,000. 95.94% of the stock is owned by institutional investors and hedge funds.

AR stock opened at $13.13 on Monday. The firm has a market cap of $4.16 billion, a P/E ratio of 109.42, a PEG ratio of 0.80 and a beta of 0.76. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. Antero Resources Corp has a one year low of $13.04 and a one year high of $22.69.

Antero Resources (NYSE:AR) last released its quarterly earnings results on Wednesday, October 31st. The oil and natural gas company reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Antero Resources had a net margin of 5.12% and a return on equity of 2.80%. The firm’s revenue was up 38.6% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. Research analysts predict that Antero Resources Corp will post 0.83 earnings per share for the current year.

AR has been the topic of a number of research reports. Scotiabank reiterated a “hold” rating and issued a $26.00 price objective on shares of Antero Resources in a research note on Monday, October 1st. Zacks Investment Research lowered shares of Antero Resources from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Credit Suisse Group cut their price objective on shares of Antero Resources from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday, November 1st. BMO Capital Markets set a $15.00 price objective on shares of Antero Resources and gave the stock a “hold” rating in a research note on Monday, November 12th. Finally, ValuEngine lowered shares of Antero Resources from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.90.

In related news, Director Richard W. Connor sold 6,907 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $16.49, for a total transaction of $113,896.43. Following the sale, the director now owns 26,059 shares in the company, valued at $429,712.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 9.40% of the stock is currently owned by company insiders.

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About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, acquires, explores, produces, and develops natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2017 had approximately 484,000 net acres in the southwestern core of the Marcellus Shale; approximately 137,000 net acres in the core of the Utica Shale; and approximately 214,000 net acres of Marcellus Shale leasehold.

Read More: Institutional Investors

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corp (NYSE:AR).

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

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