7,913 Shares in Antero Midstream Partners LP (AM) Purchased by Clinton Group Inc.

Clinton Group Inc. purchased a new stake in Antero Midstream Partners LP (NYSE:AM) in the third quarter, Holdings Channel reports. The institutional investor purchased 7,913 shares of the pipeline company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Baldwin Brothers Inc. MA purchased a new stake in shares of Antero Midstream Partners in the second quarter valued at about $161,000. JJJ Advisors Inc. purchased a new stake in shares of Antero Midstream Partners in the second quarter valued at about $199,000. LVW Advisors LLC purchased a new stake in shares of Antero Midstream Partners in the second quarter valued at about $210,000. Aperio Group LLC purchased a new stake in shares of Antero Midstream Partners in the second quarter valued at about $228,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Antero Midstream Partners in the second quarter valued at about $260,000. 47.58% of the stock is owned by hedge funds and other institutional investors.

Shares of Antero Midstream Partners stock opened at $32.88 on Friday. Antero Midstream Partners LP has a 52-week low of $24.20 and a 52-week high of $34.53. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.91. The stock has a market cap of $5.36 billion, a PE ratio of 24.18 and a beta of 1.78.

Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings results on Wednesday, August 1st. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Antero Midstream Partners had a return on equity of 20.54% and a net margin of 32.94%. The firm had revenue of $250.98 million for the quarter, compared to analyst estimates of $233.23 million. Equities analysts anticipate that Antero Midstream Partners LP will post 1.68 earnings per share for the current fiscal year.

AM has been the subject of a number of research reports. Barclays reduced their target price on shares of Antero Midstream Partners from $35.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, July 11th. Citigroup upped their target price on shares of Antero Midstream Partners from $33.00 to $35.50 and gave the company a “buy” rating in a report on Tuesday, July 31st. Stifel Nicolaus cut shares of Antero Midstream Partners from a “buy” rating to a “hold” rating and reduced their target price for the company from $37.00 to $35.00 in a report on Thursday, August 2nd. Wells Fargo & Co upped their target price on shares of Antero Midstream Partners from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Antero Midstream Partners from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $34.95.

Antero Midstream Partners Company Profile

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.

Further Reading: Asset Allocation and Your Retirement

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Institutional Ownership by Quarter for Antero Midstream Partners (NYSE:AM)

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