Connor Clark & Lunn Investment Management Ltd. Has $4.81 Million Stock Position in Antero Resources Co. (NYSE:AR)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 85.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,882 shares of the oil and natural gas company's stock after buying an additional 77,193 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.05% of Antero Resources worth $4,810,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Chickasaw Capital Management LLC raised its holdings in shares of Antero Resources by 5.5% in the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company's stock valued at $273,000 after purchasing an additional 500 shares during the period. Confluence Investment Management LLC raised its holdings in shares of Antero Resources by 3.4% in the 2nd quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company's stock valued at $604,000 after purchasing an additional 616 shares during the period. GAMMA Investing LLC raised its holdings in shares of Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company's stock valued at $98,000 after purchasing an additional 655 shares during the period. Wedmont Private Capital raised its holdings in shares of Antero Resources by 4.2% in the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company's stock valued at $505,000 after purchasing an additional 681 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after purchasing an additional 686 shares during the period. 83.04% of the stock is owned by institutional investors.

Antero Resources Trading Down 0.9 %

NYSE AR traded down $0.29 during mid-day trading on Friday, reaching $33.11. 4,406,800 shares of the stock were exchanged, compared to its average volume of 4,193,669. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28. The stock has a 50 day simple moving average of $28.68 and a 200-day simple moving average of $29.99. The stock has a market cap of $10.30 billion, a P/E ratio of 236.50 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. decreased 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. Morgan Stanley decreased their target price on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Truist Financial decreased their target price on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. BMO Capital Markets increased their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Finally, Roth Capital upgraded shares of Antero Resources to a "strong-buy" rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, seven have issued 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.

About Antero Resources

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.