Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in Antero Resources Co. (NYSE:AR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Antero Resources Co. (NYSE:AR) by 11.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,406 shares of the oil and natural gas company’s stock after purchasing an additional 6,448 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Antero Resources were worth $2,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after buying an additional 892 shares during the last quarter. Mather Group LLC. bought a new position in Antero Resources in the 1st quarter valued at approximately $37,000. Lindbrook Capital LLC boosted its stake in Antero Resources by 35.1% during the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after purchasing an additional 519 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Antero Resources by 28.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after purchasing an additional 602 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Antero Resources by 11.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 343 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Up 0.3 %

Shares of NYSE:AR opened at $26.99 on Friday. Antero Resources Co. has a 12-month low of $20.10 and a 12-month high of $36.28. The company has a market cap of $8.39 billion, a PE ratio of 134.95 and a beta of 3.40. The stock has a 50 day moving average of $29.54 and a 200 day moving average of $30.05. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Antero Resources (NYSE:AR) last announced its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.04). The firm had revenue of $978.65 million during the quarter, compared to analysts’ expectations of $980.20 million. Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. As a group, equities research analysts expect that Antero Resources Co. will post 0.42 EPS for the current year.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at $6,268,682.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Jefferies Financial Group increased their price objective on Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Wolfe Research initiated coverage on shares of Antero Resources in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Wells Fargo & Company decreased their price objective on shares of Antero Resources from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, August 14th. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, Roth Mkm started coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They set a “buy” rating and a $32.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $33.57.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.