Antero Resources Corporation $AR Shares Sold by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. trimmed its holdings in shares of Antero Resources Corporation (NYSE:AR) by 34.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 190,989 shares of the oil and natural gas company’s stock after selling 101,413 shares during the period. Aristeia Capital L.L.C.’s holdings in Antero Resources were worth $6,581,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in Antero Resources during the third quarter valued at $30,000. IFP Advisors Inc increased its holdings in Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Antero Resources during the 4th quarter valued at $41,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Antero Resources in the fourth quarter worth about $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Antero Resources in the fourth quarter worth about $45,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AR has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Williams Trading set a $56.00 price target on shares of Antero Resources in a research report on Monday, April 20th. Mizuho lifted their target price on shares of Antero Resources from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Citigroup lifted their target price on shares of Antero Resources from $39.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, March 31st. Finally, Benchmark upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

Insider Buying and Selling

In related news, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the sale, the insider directly owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.10% of the company’s stock.

Antero Resources Price Performance

Shares of AR stock opened at $33.90 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $10.50 billion, a price-to-earnings ratio of 11.01 and a beta of 0.33. The firm’s 50 day moving average is $36.87 and its 200-day moving average is $36.46. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75.

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.