Second Line Capital LLC Sells 3,105 Shares of Antero Resources Co. (NYSE:AR)

Second Line Capital LLC decreased its position in Antero Resources Co. (NYSE:AR) by 23.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,375 shares of the oil and natural gas company’s stock after selling 3,105 shares during the period. Second Line Capital LLC’s holdings in Antero Resources were worth $339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after buying an additional 2,893,395 shares during the period. Wellington Management Group LLP lifted its stake in Antero Resources by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after acquiring an additional 2,655,604 shares during the period. Natixis Advisors LLC grew its holdings in Antero Resources by 488.7% during the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after acquiring an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC increased its position in Antero Resources by 7,781.2% during the 2nd 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 purchasing an additional 941,756 shares during the period. Finally, William Blair Investment Management LLC bought a new stake in shares of Antero Resources in the 1st quarter valued at about $25,288,000. Institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

AR has been the topic of a number of recent research reports. Citigroup assumed coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective on the stock. Wells Fargo & Company dropped their target price on Antero Resources from $38.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 14th. Roth Mkm assumed coverage on Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target for the company. Roth Capital raised Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Jefferies Financial Group boosted their target price on shares of Antero Resources from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $33.13.

Insider Buying and Selling

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the transaction, the insider now owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.70% of the stock is currently owned by insiders.

Antero Resources Price Performance

Shares of NYSE:AR opened at $28.71 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The company’s 50 day moving average is $27.34 and its 200 day moving average is $30.27. The company has a market cap of $8.92 billion, a PE ratio of 143.55 and a beta of 3.33.

Antero Resources (NYSE:AR) last posted its 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). The business had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. On average, sell-side analysts forecast that Antero Resources Co. will post 0.02 EPS for the current year.

Antero Resources Company 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.