Kore Advisors LP Sells 55,000 Shares of Antero Resources Co. (NYSE:AR)

Kore Advisors LP lessened its position in Antero Resources Co. (NYSE:AR - Free Report) by 43.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 71,508 shares of the oil and natural gas company's stock after selling 55,000 shares during the quarter. Antero Resources comprises 0.6% of Kore Advisors LP's holdings, making the stock its 8th largest position. Kore Advisors LP's holdings in Antero Resources were worth $2,049,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Maverick Capital Ltd. purchased a new stake in Antero Resources during the 3rd quarter valued at about $1,535,000. PDT Partners LLC boosted its holdings in shares of Antero Resources by 2.2% during the 3rd quarter. PDT Partners LLC now owns 141,884 shares of the oil and natural gas company's stock worth $4,065,000 after purchasing an additional 3,084 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Antero Resources by 17.5% in the third quarter. Captrust Financial Advisors now owns 20,327 shares of the oil and natural gas company's stock valued at $582,000 after purchasing an additional 3,022 shares in the last quarter. Icon Wealth Advisors LLC increased its holdings in shares of Antero Resources by 5.8% in the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company's stock valued at $242,000 after purchasing an additional 460 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Antero Resources by 1.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,622 shares of the oil and natural gas company's stock worth $1,823,000 after buying an additional 1,216 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Up 0.6 %

AR traded up $0.21 on Friday, hitting $32.69. 1,913,694 shares of the company were exchanged, compared to its average volume of 3,818,316. The firm has a 50-day moving average price of $29.27 and a two-hundred day moving average price of $29.99. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The company has a market cap of $10.17 billion, a price-to-earnings ratio of 233.50 and a beta of 3.36.

Analysts Set New Price Targets

A number of brokerages have issued reports on AR. Citigroup started coverage on Antero Resources in a research note on Tuesday, September 17th. They issued a "neutral" rating and a $29.00 target price for the company. BMO Capital Markets lifted 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 note on Friday, October 4th. Scotiabank raised shares of Antero Resources from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. UBS Group reduced their price target on shares of Antero Resources from $33.00 to $31.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com upgraded Antero Resources to a "sell" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and an average 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.