929,915 Shares in Antero Resources Corporation $AR Bought by Man Group plc

Man Group plc bought a new stake in shares of Antero Resources Corporation (NYSE:AR – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 929,915 shares of the oil and natural gas company’s stock, valued at approximately $32,677,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jupiter Topco LLC acquired a new position in shares of Antero Resources in the second quarter worth about $4,566,000. Hsbc Holdings PLC acquired a new stake in Antero Resources during the 2nd quarter valued at approximately $9,475,000. Canada Pension Plan Investment Board acquired a new stake in Antero Resources during the 2nd quarter valued at approximately $78,177,000. Manatuck Hill Partners LLC purchased a new stake in Antero Resources during the 2nd quarter worth approximately $878,000. Finally, SIR Capital Management L.P. purchased a new stake in Antero Resources during the 2nd quarter worth approximately $29,003,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

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Antero Resources Stock Up 1.6%

Shares of NYSE:AR opened at $38.54 on Thursday. The company’s fifty day moving average is $35.33 and its two-hundred day moving average is $36.82. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The stock has a market capitalization of $11.85 billion, a price-to-earnings ratio of 11.07 and a beta of 0.34.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AR shares. Citigroup reduced their target price on Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Mizuho lifted their price target on shares of Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Roth Capital reiterated a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $48.31.

Read Our Latest Report on AR

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.

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