Quantbot Technologies LP Sells 80,350 Shares of Antero Midstream Co. (NYSE:AM)

Quantbot Technologies LP trimmed its holdings in shares of Antero Midstream Co. (NYSE:AM - Free Report) by 68.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,373 shares of the pipeline company's stock after selling 80,350 shares during the quarter. Quantbot Technologies LP's holdings in Antero Midstream were worth $562,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in shares of Antero Midstream by 121.9% during the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company's stock valued at $16,446,000 after purchasing an additional 600,208 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in Antero Midstream during the third quarter worth about $344,000. Bank of Montreal Can raised its position in Antero Midstream by 40.4% in the third quarter. Bank of Montreal Can now owns 415,763 shares of the pipeline company's stock worth $6,241,000 after acquiring an additional 119,633 shares during the period. Boston Family Office LLC boosted its stake in Antero Midstream by 133.3% in the third quarter. Boston Family Office LLC now owns 35,000 shares of the pipeline company's stock valued at $527,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Antero Midstream by 19.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 26,721 shares of the pipeline company's stock valued at $403,000 after acquiring an additional 4,316 shares during the period. 53.97% of the stock is currently owned by institutional investors.

Insider Transactions at Antero Midstream

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

AM has been the topic of several research analyst reports. StockNews.com upgraded Antero Midstream from a "hold" rating to a "buy" rating in a research note on Thursday, November 28th. Morgan Stanley boosted their price objective on Antero Midstream from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Tuesday, August 27th.

Antero Midstream Stock Performance

AM stock traded up $0.12 during midday trading on Tuesday, reaching $15.45. 2,167,625 shares of the company's stock traded hands, compared to its average volume of 2,672,445. The firm has a market capitalization of $7.44 billion, a PE ratio of 18.96 and a beta of 2.40. The company has a 50-day moving average price of $15.28 and a two-hundred day moving average price of $14.81. Antero Midstream Co. has a 52 week low of $11.58 and a 52 week high of $16.00. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09.

Antero Midstream Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.83%. Antero Midstream's dividend payout ratio (DPR) is 111.11%.

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.