308,622 Shares in Antero Resources Corporation $AR Bought by William Blair Investment Management LLC

William Blair Investment Management LLC purchased a new stake in Antero Resources Corporation (NYSE:ARFree Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 308,622 shares of the oil and natural gas company’s stock, valued at approximately $10,845,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Antero Resources during the second quarter worth approximately $966,982,000. Bank of New York Mellon Corp purchased a new position in Antero Resources during the 2nd quarter worth $106,063,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Antero Resources during the 2nd quarter worth $100,212,000. Assenagon Asset Management S.A. lifted its stake in shares of Antero Resources by 177.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock worth $153,261,000 after acquiring an additional 2,309,388 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Antero Resources by 140.2% during the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after acquiring an additional 2,023,828 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Up 0.3%

AR stock opened at $38.04 on Monday. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 10.93 and a beta of 0.34. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $35.08 and a 200-day simple moving average of $36.74. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

Analyst Ratings Changes

AR has been the subject of a number of recent analyst reports. Zacks Research downgraded Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. UBS Group upped their price target on shares of Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wolfe Research reiterated an “outperform” rating and issued a $48.00 price target on shares of Antero Resources in a report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $49.00 price objective on shares of Antero Resources in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.31.

Read Our Latest Report on AR

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.

See Also

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

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