Spectrum Management Group Inc. purchased a new stake in Antero Midstream GP LP (NYSE:AMGP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,598 shares of the company’s stock, valued at approximately $50,000.
Other hedge funds also recently made changes to their positions in the company. Advisor Group Inc. raised its position in shares of Antero Midstream GP by 22.7% during the fourth quarter. Advisor Group Inc. now owns 5,807 shares of the company’s stock worth $65,000 after acquiring an additional 1,076 shares during the last quarter. Eagle Global Advisors LLC increased its holdings in shares of Antero Midstream GP by 3.2% in the fourth quarter. Eagle Global Advisors LLC now owns 1,523,340 shares of the company’s stock worth $17,031,000 after acquiring an additional 47,275 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Antero Midstream GP in the third quarter worth about $198,000. Marshall Wace LLP bought a new stake in shares of Antero Midstream GP in the third quarter worth about $199,000. Finally, Barclays PLC increased its holdings in shares of Antero Midstream GP by 8.8% in the fourth quarter. Barclays PLC now owns 277,883 shares of the company’s stock worth $3,106,000 after acquiring an additional 22,411 shares in the last quarter. 78.40% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on AMGP. Raymond James reduced their price target on Antero Midstream GP from $27.00 to $19.00 and set a “strong-buy” rating for the company in a research report on Wednesday, December 19th. Zacks Investment Research lowered Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. Finally, ValuEngine lowered Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Antero Midstream GP presently has a consensus rating of “Hold” and an average price target of $19.50.
Antero Midstream GP (NYSE:AMGP) last posted its quarterly earnings data on Wednesday, February 13th. The company reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.06). The company had revenue of $43.49 million for the quarter, compared to the consensus estimate of $42.69 million. Antero Midstream GP had a return on equity of 246.65% and a net margin of 43.36%. Antero Midstream GP’s revenue was up 83.0% on a year-over-year basis. During the same quarter last year, the business earned $0.03 EPS. Equities analysts anticipate that Antero Midstream GP LP will post 0.9 earnings per share for the current year.
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About Antero Midstream GP
Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.
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