Mesirow Institutional Investment Management Inc. Boosts Stock Position in Antero Resources Co. (NYSE:AR)

Mesirow Institutional Investment Management Inc. grew its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 554,234 shares of the oil and natural gas company's stock after buying an additional 15,313 shares during the period. Antero Resources accounts for 1.5% of Mesirow Institutional Investment Management Inc.'s investment portfolio, making the stock its 8th largest position. Mesirow Institutional Investment Management Inc. owned about 0.18% of Antero Resources worth $19,426,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in Antero Resources during the fourth quarter worth about $28,000. Spire Wealth Management bought a new position in Antero Resources in the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB grew its stake in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after buying an additional 913 shares in the last quarter. UMB Bank n.a. raised its holdings in Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after acquiring an additional 523 shares during the period. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth $56,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Trading Up 0.7 %

Shares of NYSE:AR traded up $0.23 during trading on Thursday, reaching $34.52. 5,320,856 shares of the company traded hands, compared to its average volume of 4,177,431. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 107.88 and a beta of 3.08. The business's fifty day moving average is $36.82 and its 200-day moving average is $34.46.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. As a group, analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the sale, the director now owns 1,800,000 shares of the company's stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 6.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AR has been the subject of several recent research reports. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and lifted their price target for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. UBS Group lifted their target price on Antero Resources from $39.00 to $44.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. Williams Trading set a $48.00 price target on shares of Antero Resources in a report on Wednesday, March 5th. Truist Financial boosted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, StockNews.com upgraded shares of Antero Resources to a "sell" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.44.

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.