Cerity Partners LLC Grows Stock Holdings in Antero Resources Co. (NYSE:AR)

Cerity Partners LLC boosted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 62.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,246 shares of the oil and natural gas company's stock after buying an additional 108,373 shares during the quarter. Cerity Partners LLC owned 0.09% of Antero Resources worth $8,058,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Diversified Trust Co purchased a new position in shares of Antero Resources in the 2nd quarter worth $1,154,000. Massachusetts Financial Services Co. MA lifted its holdings in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock valued at $76,342,000 after acquiring an additional 122,815 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Antero Resources by 269.4% in the second 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 purchasing an additional 2,893,395 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Antero Resources by 85.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company's stock valued at $4,810,000 after purchasing an additional 77,193 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Antero Resources during the 2nd quarter valued at about $17,307,000. Institutional investors own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AR shares. Roth Mkm started coverage on shares of Antero Resources in a report on Tuesday, August 27th. They issued a "buy" rating and a $32.00 price objective on the stock. JPMorgan Chase & Co. dropped their price target on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating on the stock in a research note on Thursday, September 12th. Mizuho reduced their price objective on Antero Resources from $37.00 to $35.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. Truist Financial lowered their target price on Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. Finally, Morgan Stanley reduced their price target on Antero Resources from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

Antero Resources Price Performance

Shares of AR stock traded down $0.61 during mid-day trading on Thursday, hitting $32.48. The company had a trading volume of 3,844,336 shares, compared to its average volume of 4,100,913. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock's 50 day moving average price is $29.06 and its 200-day moving average price is $30.00. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The company has a market capitalization of $10.11 billion, a P/E ratio of 232.00 and a beta of 3.36.

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.