American Century Companies Inc. Reduces Stock Position in Antero Resources Co. (NYSE:AR)

American Century Companies Inc. reduced its holdings in shares of Antero Resources Co. (NYSE:AR) by 47.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,554 shares of the oil and natural gas company’s stock after selling 167,595 shares during the quarter. American Century Companies Inc. owned 0.06% of Antero Resources worth $6,055,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in Antero Resources by 4.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 64,747 shares of the oil and natural gas company’s stock valued at $2,113,000 after acquiring an additional 2,626 shares during the last quarter. Caprock Group LLC acquired a new position in Antero Resources in the second quarter worth about $1,902,000. Acadian Asset Management LLC increased its holdings in Antero Resources by 7,781.2% in the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after buying an additional 941,756 shares during the last quarter. Arizona State Retirement System raised its stake in Antero Resources by 2.9% during the second quarter. Arizona State Retirement System now owns 80,736 shares of the oil and natural gas company’s stock valued at $2,634,000 after buying an additional 2,269 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Antero Resources by 2.7% during the 2nd quarter. Victory Capital Management Inc. now owns 740,778 shares of the oil and natural gas company’s stock worth $24,172,000 after buying an additional 19,127 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Down 1.7 %

AR stock opened at $28.38 on Wednesday. The firm’s 50-day moving average is $27.44 and its two-hundred day moving average is $30.23. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $8.82 billion, a price-to-earnings ratio of 141.90 and a beta of 3.33. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28.

Antero Resources (NYSE:AR) last issued its quarterly earnings results 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). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The firm had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. On average, analysts forecast that Antero Resources Co. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. 6.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AR shares. JPMorgan Chase & Co. dropped their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Wells Fargo & Company decreased their price target 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. Morgan Stanley dropped their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.13.

Antero Resources Profile

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.