Acadian Asset Management LLC Takes Position in Antero Midstream Corporation $AM

Acadian Asset Management LLC purchased a new position in shares of Antero Midstream Corporation (NYSE:AM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 173,658 shares of the pipeline company’s stock, valued at approximately $3,121,000.

Other hedge funds have also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in Antero Midstream in the 1st quarter valued at approximately $29,000. UMB Bank n.a. lifted its stake in Antero Midstream by 170.8% during the first quarter. UMB Bank n.a. now owns 3,469 shares of the pipeline company’s stock valued at $62,000 after purchasing an additional 2,188 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Antero Midstream by 41.2% during the first quarter. Brooklyn Investment Group now owns 4,551 shares of the pipeline company’s stock worth $82,000 after buying an additional 1,328 shares in the last quarter. GAMMA Investing LLC grew its position in Antero Midstream by 34.0% in the first quarter. GAMMA Investing LLC now owns 8,537 shares of the pipeline company’s stock worth $154,000 after buying an additional 2,165 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Antero Midstream by 7.1% in the first quarter. CWM LLC now owns 9,472 shares of the pipeline company’s stock valued at $170,000 after buying an additional 629 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors.

Antero Midstream Trading Down 1.2%

Shares of NYSE:AM opened at $18.40 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $8.80 billion, a PE ratio of 19.37 and a beta of 0.92. Antero Midstream Corporation has a 1 year low of $14.22 and a 1 year high of $19.08. The firm has a fifty day moving average price of $17.84 and a 200 day moving average price of $17.77.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, July 30th. The pipeline company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $305.47 million during the quarter, compared to analysts’ expectations of $292.70 million. Antero Midstream had a return on equity of 21.67% and a net margin of 39.53%.The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. Analysts expect that Antero Midstream Corporation will post 0.95 EPS for the current fiscal year.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 6th. Investors of record on Wednesday, July 23rd were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date was Wednesday, July 23rd. Antero Midstream’s payout ratio is 94.74%.

Insider Transactions at Antero Midstream

In other Antero Midstream news, insider Sheri Pearce sold 39,155 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $17.51, for a total transaction of $685,604.05. Following the transaction, the insider owned 106,489 shares in the company, valued at $1,864,622.39. This trade represents a 26.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AM shares. Wall Street Zen upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Morgan Stanley raised their price objective on shares of Antero Midstream from $17.00 to $19.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 6th. Wells Fargo & Company increased their target price on Antero Midstream from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, August 1st. Zacks Research raised Antero Midstream from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Finally, The Goldman Sachs Group upped their price target on Antero Midstream from $15.50 to $17.50 and gave the company a “neutral” rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.50.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.