JPMorgan Chase & Co. Boosts Stock Holdings in Antero Midstream Co. (NYSE:AM)

JPMorgan Chase & Co. increased its position in Antero Midstream Co. (NYSE:AM) by 12.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,906,052 shares of the pipeline company’s stock after acquiring an additional 203,967 shares during the period. JPMorgan Chase & Co. owned about 0.40% of Antero Midstream worth $28,686,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Antero Midstream during the third quarter valued at approximately $38,000. Blue Trust Inc. grew its position in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares during the period. Brooklyn Investment Group purchased a new stake in Antero Midstream during the 3rd quarter valued at $48,000. Abich Financial Wealth Management LLC purchased a new stake in Antero Midstream during the 2nd quarter valued at $55,000. Finally, CWM LLC lifted its holdings in shares of Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock valued at $122,000 after buying an additional 768 shares during the period. 53.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on AM shares. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research note on Wednesday, December 18th.

Insider Buying and Selling at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the sale, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Trading Down 0.2 %

Shares of AM stock opened at $15.47 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 19.10 and a beta of 2.34. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00. The firm has a fifty day moving average price of $15.22 and a 200-day moving average price of $14.92.

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.