Antero Midstream (NYSE:AM) Reaches New 52-Week High - Here's What Happened

Antero Midstream Co. (NYSE:AM - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $16.09 and last traded at $16.06, with a volume of 763677 shares. The stock had previously closed at $15.81.

Analysts Set New Price Targets

AM has been the topic of a number of research reports. StockNews.com lowered Antero Midstream from a "buy" rating to a "hold" rating in a report on Tuesday, January 7th. 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 report on Wednesday, December 18th.

Antero Midstream Trading Up 1.8 %

The company has a market cap of $7.74 billion, a P/E ratio of 19.86 and a beta of 2.34. The business's 50-day moving average price is $15.31 and its 200 day moving average price is $14.94. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred 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 of the company's stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AM. Wedmont Private Capital increased its position in shares of Antero Midstream by 38.8% in the fourth quarter. Wedmont Private Capital now owns 23,398 shares of the pipeline company's stock worth $362,000 after purchasing an additional 6,536 shares during the period. Birch Capital Management LLC grew its stake in Antero Midstream by 1.8% during the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company's stock worth $566,000 after buying an additional 655 shares in the last quarter. Everence Capital Management Inc. bought a new position in Antero Midstream in the 4th quarter valued at about $451,000. GAMMA Investing LLC raised its position in shares of Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock valued at $96,000 after buying an additional 1,962 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Antero Midstream by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,906,052 shares of the pipeline company's stock worth $28,686,000 after acquiring an additional 203,967 shares during the period. 53.97% of the stock is owned by institutional investors.

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.