Colrain Capital LLC Has $10 Million Stock Position in Antero Resources Corporation $AR

Colrain Capital LLC increased its position in shares of Antero Resources Corporation (NYSE:ARFree Report) by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,300 shares of the oil and natural gas company’s stock after buying an additional 35,750 shares during the period. Antero Resources accounts for 5.5% of Colrain Capital LLC’s holdings, making the stock its 6th biggest holding. Colrain Capital LLC’s holdings in Antero Resources were worth $10,004,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in Antero Resources during the third quarter worth $30,000. IFP Advisors Inc raised its stake in Antero Resources by 59.2% during 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 Antero Resources during the fourth quarter worth $41,000. Hilton Head Capital Partners LLC bought a new position in Antero Resources during the fourth quarter worth $44,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new position in Antero Resources during the fourth quarter worth $45,000. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 28th. Williams Trading set a $56.00 price target on shares of Antero Resources in a research note on Monday, April 20th. Morgan Stanley lifted their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Zacks Research downgraded shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Bank of America lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Four 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.06.

View Our Latest Research Report on Antero Resources

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the transaction, the insider directly owned 277,665 shares in the company, valued at $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction dated 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 transaction, the insider owned 1,085,192 shares of the company’s stock, valued at $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 237,316 shares of company stock valued at $9,387,309. Corporate insiders own 4.10% of the company’s stock.

Antero Resources Trading Down 4.1%

AR opened at $34.19 on Friday. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. 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 company has a market cap of $10.59 billion, a P/E ratio of 11.10 and a beta of 0.33. The company has a fifty day moving average price of $37.38 and a two-hundred day moving average price of $36.47.

Antero Resources Profile

(Free Report)

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.

See Also

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

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