KGH Ltd Has $114.88 Million Stock Position in Antero Resources Co. (NYSE:AR)

KGH Ltd reduced its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 11.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,520,822 shares of the oil and natural gas company's stock after selling 460,154 shares during the period. Antero Resources accounts for about 6.7% of KGH Ltd's investment portfolio, making the stock its 7th largest position. KGH Ltd owned 1.13% of Antero Resources worth $114,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of AR. Capital Impact Advisors LLC acquired a new stake in Antero Resources during the 2nd quarter worth approximately $740,000. Creative Planning grew its position in Antero Resources by 6.8% in the second quarter. Creative Planning now owns 21,056 shares of the oil and natural gas company's stock valued at $687,000 after acquiring an additional 1,340 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in Antero Resources in the second quarter valued at approximately $17,307,000. The Manufacturers Life Insurance Company grew its position in Antero Resources by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 300,292 shares of the oil and natural gas company's stock valued at $9,799,000 after acquiring an additional 2,695 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Antero Resources by 1,021.1% in the second quarter. AQR Capital Management LLC now owns 483,725 shares of the oil and natural gas company's stock valued at $15,784,000 after acquiring an additional 440,578 shares in the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Antero Resources stock traded up $0.01 during trading hours on Tuesday, hitting $28.66. 4,671,455 shares of the company traded hands, compared to its average volume of 4,162,746. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm's 50-day simple moving average is $27.26 and its two-hundred day simple moving average is $30.31. The firm has a market cap of $8.91 billion, a P/E ratio of 143.30 and a beta of 3.33.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.04). Antero Resources had a net margin of 1.88% and a return on equity of 0.45%. The business had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. As a group, analysts forecast that Antero Resources Co. will post 0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Yvette K. Schultz sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now owns 248,363 shares of the company's stock, valued at $6,268,682.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Antero Resources from $40.00 to $41.00 and gave the company a "buy" rating in a research report on Thursday, July 11th. Wells Fargo & Company lowered shares of Antero Resources from an "overweight" rating to an "underweight" rating and dropped their price target for the stock from $34.00 to $25.00 in a research note on Tuesday. Roth Capital upgraded shares of Antero Resources to a "strong-buy" rating in a research note on Tuesday, August 27th. Morgan Stanley dropped their price target on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. Finally, The Goldman Sachs Group dropped their price target on shares of Antero Resources from $36.00 to $32.00 and set a "buy" rating for the company in a research note on Friday, September 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.63.

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.