GAMMA Investing LLC Buys 418 Shares of Antero Resources Co. (NYSE:AR)

GAMMA Investing LLC raised its stake in shares of Antero Resources Co. (NYSE:AR) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,064 shares of the oil and natural gas company’s stock after purchasing an additional 418 shares during the period. GAMMA Investing LLC’s holdings in Antero Resources were worth $107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Icon Wealth Advisors LLC raised its position in shares of Antero Resources by 5.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 460 shares in the last quarter. Chickasaw Capital Management LLC lifted its stake in Antero Resources by 5.5% in the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 500 shares during the last quarter. Wedmont Private Capital lifted its stake in Antero Resources by 4.2% in the third quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock worth $505,000 after purchasing an additional 681 shares during the last quarter. UMB Bank n.a. lifted its stake in Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after purchasing an additional 702 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

NYSE AR opened at $38.34 on Friday. The firm’s fifty day simple moving average is $32.23 and its two-hundred day simple moving average is $29.84. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 12-month low of $20.56 and a 12-month high of $39.43. The firm has a market capitalization of $11.93 billion, a P/E ratio of 273.86 and a beta of 3.37.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Bank of America assumed coverage on shares of Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective for the company. Truist Financial decreased their price objective on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, September 30th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday, January 3rd. Morgan Stanley decreased their price objective on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $24.00 to $32.00 in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.78.

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.