GAMMA Investing LLC Has $96,000 Stock Position in Antero Midstream Co. (NYSE:AM)

GAMMA Investing LLC boosted its holdings in shares of Antero Midstream Co. (NYSE:AM) by 44.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,372 shares of the pipeline company’s stock after acquiring an additional 1,962 shares during the quarter. GAMMA Investing LLC’s holdings in Antero Midstream were worth $96,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of AM. Ashton Thomas Securities LLC acquired a new position in Antero Midstream during the third quarter worth approximately $38,000. Blue Trust Inc. increased its position in Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new position in Antero Midstream during the third quarter worth approximately $48,000. Abich Financial Wealth Management LLC acquired a new position in Antero Midstream during the second quarter worth approximately $55,000. Finally, CWM LLC increased its position in Antero Midstream by 10.5% during the third quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after buying an additional 768 shares during the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Trading Down 1.0 %

Shares of AM stock opened at $15.49 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market cap of $7.46 billion, a P/E ratio of 19.12 and a beta of 2.34. The stock has a 50 day simple moving average of $15.26 and a 200 day simple moving average of $14.93. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $16.00.

Insider Activity at Antero Midstream

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

Analysts Set New Price Targets

A number of brokerages have weighed in on AM. StockNews.com downgraded 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 target price on the stock. in a research report on Wednesday, December 18th.

About Antero Midstream

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.