Los Angeles Capital Management LLC Reduces Holdings in Antero Midstream Co. (NYSE:AM)

Los Angeles Capital Management LLC trimmed its stake in Antero Midstream Co. (NYSE:AM - Free Report) by 39.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 658,511 shares of the pipeline company's stock after selling 437,544 shares during the quarter. Los Angeles Capital Management LLC owned 0.14% of Antero Midstream worth $9,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its position in Antero Midstream by 360.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,240 shares of the pipeline company's stock valued at $31,000 after purchasing an additional 1,753 shares during the period. Blue Trust Inc. raised its holdings in Antero Midstream by 149.4% in the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company's stock worth $46,000 after acquiring an additional 1,857 shares during the last quarter. City State Bank purchased a new stake in shares of Antero Midstream during the second quarter valued at $51,000. First Horizon Advisors Inc. boosted its stake in shares of Antero Midstream by 24.2% during the second quarter. First Horizon Advisors Inc. now owns 3,528 shares of the pipeline company's stock valued at $52,000 after purchasing an additional 688 shares during the period. Finally, Abich Financial Wealth Management LLC acquired a new stake in shares of Antero Midstream in the 2nd quarter valued at $55,000. Institutional investors own 53.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AM shares. StockNews.com lowered shares of Antero Midstream from a "buy" rating to a "hold" rating in a research report on Monday, August 5th. Morgan Stanley raised their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an "underweight" rating in a report on Tuesday, August 27th.

Antero Midstream Stock Down 1.0 %

Shares of Antero Midstream stock traded down $0.15 during trading hours on Tuesday, reaching $15.45. 1,944,730 shares of the company's stock were exchanged, compared to its average volume of 2,663,680. Antero Midstream Co. has a fifty-two week low of $11.58 and a fifty-two week high of $15.87. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market cap of $7.44 billion, a P/E ratio of 19.26 and a beta of 2.35. The company has a 50 day moving average of $15.01 and a two-hundred day moving average of $14.68.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.83%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream's dividend payout ratio (DPR) is presently 111.11%.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 23,518 shares of the company's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total value of $343,127.62. Following the completion of the transaction, the insider now owns 130,349 shares of the company's stock, valued at $1,901,791.91. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Sheri Pearce sold 23,518 shares of the business's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $14.59, for a total transaction of $343,127.62. Following the sale, the insider now owns 130,349 shares in the company, valued at approximately $1,901,791.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brooks J. Klimley sold 10,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 74,100 shares of the company's stock, valued at approximately $1,086,306. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Antero Midstream 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.