Bayforest Capital Ltd Grows Position in Antero Midstream Corporation $AM

Bayforest Capital Ltd grew its position in shares of Antero Midstream Corporation (NYSE:AM) by 479.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,938 shares of the pipeline company’s stock after purchasing an additional 31,396 shares during the period. Bayforest Capital Ltd’s holdings in Antero Midstream were worth $738,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AM. US Bancorp DE grew its position in Antero Midstream by 1.6% in the second quarter. US Bancorp DE now owns 38,108 shares of the pipeline company’s stock worth $722,000 after acquiring an additional 610 shares in the last quarter. Franklin Resources Inc. increased its stake in Antero Midstream by 54.3% in the second quarter. Franklin Resources Inc. now owns 614,068 shares of the pipeline company’s stock worth $11,637,000 after purchasing an additional 216,022 shares during the period. Boston Trust Walden Corp lifted its holdings in Antero Midstream by 5.5% during the 3rd quarter. Boston Trust Walden Corp now owns 3,738,016 shares of the pipeline company’s stock valued at $72,667,000 after buying an additional 194,480 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Antero Midstream by 6.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,062,611 shares of the pipeline company’s stock valued at $20,657,000 after buying an additional 60,628 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Antero Midstream in the 1st quarter worth about $289,000. Institutional investors own 53.97% of the company’s stock.

Antero Midstream Price Performance

Shares of NYSE:AM opened at $17.32 on Friday. Antero Midstream Corporation has a twelve month low of $15.07 and a twelve month high of $19.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.46. The company has a market cap of $8.25 billion, a PE ratio of 17.67 and a beta of 0.80. The company’s 50 day moving average is $17.80 and its 200 day moving average is $18.04.

Antero Midstream (NYSE:AM) last announced its quarterly earnings data on Wednesday, October 29th. The pipeline company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $294.82 million during the quarter, compared to analysts’ expectations of $287.30 million. Antero Midstream had a net margin of 40.07% and a return on equity of 22.61%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. On average, sell-side analysts forecast that Antero Midstream Corporation will post 0.95 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AM. Morgan Stanley boosted their price target on Antero Midstream from $19.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, November 12th. Wells Fargo & Company upped their target price on Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 23rd. Weiss Ratings reissued a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Wall Street Zen downgraded Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Zacks Research raised shares of Antero Midstream from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.17.

Insiders Place Their Bets

In other Antero Midstream news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the transaction, the director owned 72,622 shares in the company, valued at approximately $1,277,420.98. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.86% of the company’s stock.

Antero Midstream Company Profile

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.