Hatch Cove Capital LLC Purchases New Position in Antero Resources Corporation $AR

Hatch Cove Capital LLC acquired a new position in shares of Antero Resources Corporation (NYSE:ARFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 249,000 shares of the oil and natural gas company’s stock, valued at approximately $8,750,000. Antero Resources comprises about 3.9% of Hatch Cove Capital LLC’s portfolio, making the stock its 14th biggest holding.

Several other hedge funds also recently bought and sold shares of AR. Viking Fund Management LLC grew its holdings in shares of Antero Resources by 16.7% in the 2nd quarter. Viking Fund Management LLC now owns 140,000 shares of the oil and natural gas company’s stock valued at $4,920,000 after buying an additional 20,000 shares during the period. Fiduciary Financial Group LLC acquired a new stake in Antero Resources during the 2nd quarter worth $339,000. Gradient Investments LLC lifted its holdings in Antero Resources by 110.2% during the second quarter. Gradient Investments LLC now owns 37,897 shares of the oil and natural gas company’s stock worth $1,332,000 after acquiring an additional 19,870 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Antero Resources during the second quarter worth about $87,000. Finally, GAMMA Investing LLC grew its stake in Antero Resources by 6.0% in the second quarter. GAMMA Investing LLC now owns 8,556 shares of the oil and natural gas company’s stock valued at $301,000 after acquiring an additional 481 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Down 1.0%

NYSE AR opened at $37.45 on Thursday. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The stock’s 50 day moving average price is $34.81 and its two-hundred day moving average price is $36.62. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 10.76 and a beta of 0.34.

Wall Street Analyst Weigh In

AR has been the topic of a number of research analyst reports. Benchmark raised their price target on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley decreased their price objective on Antero Resources from $56.00 to $48.00 and set an “overweight” rating for the company in a research report on Monday, June 29th. Barclays increased their target price on Antero Resources from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Williams Trading set a $56.00 price objective on shares of Antero Resources in a research report on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.31.

View Our Latest Stock Report on Antero Resources

Antero Resources Company 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.

Further Reading

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corporation (NYSE:ARFree Report).

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

Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.