75,000 Shares in Antero Midstream Co. (NYSE:AM) Purchased by Senvest Management LLC

Senvest Management LLC purchased a new stake in Antero Midstream Co. (NYSE:AM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,000 shares of the pipeline company's stock, valued at approximately $1,132,000.

A number of other hedge funds have also modified their holdings of AM. Financial Management Professionals Inc. grew its position in shares of Antero Midstream by 58.6% in the fourth quarter. Financial Management Professionals Inc. now owns 2,706 shares of the pipeline company's stock valued at $41,000 after purchasing an additional 1,000 shares during the period. Blue Trust Inc. increased its stake in shares of Antero Midstream by 84.3% during the 4th quarter. Blue Trust Inc. now owns 5,712 shares of the pipeline company's stock valued at $86,000 after acquiring an additional 2,612 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company's stock worth $96,000 after acquiring an additional 1,962 shares during the last quarter. Allworth Financial LP grew its holdings in Antero Midstream by 17.8% in the fourth quarter. Allworth Financial LP now owns 6,305 shares of the pipeline company's stock valued at $104,000 after purchasing an additional 951 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in Antero Midstream in the fourth quarter valued at approximately $119,000. 53.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AM shares. StockNews.com upgraded shares of Antero Midstream from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Wells Fargo & Company lifted their target price on Antero Midstream from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th.

Antero Midstream Trading Up 1.7 %

NYSE AM traded up $0.29 during mid-day trading on Friday, hitting $17.15. The company's stock had a trading volume of 3,749,868 shares, compared to its average volume of 2,950,488. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.17 and a quick ratio of 1.17. Antero Midstream Co. has a 52-week low of $13.12 and a 52-week high of $18.49. The stock's fifty day simple moving average is $16.91 and its two-hundred day simple moving average is $15.97. The firm has a market capitalization of $8.21 billion, a P/E ratio of 20.67 and a beta of 1.99.

Antero Midstream (NYSE:AM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The pipeline company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01). Antero Midstream had a net margin of 36.24% and a return on equity of 18.82%. Research analysts expect that Antero Midstream Co. will post 0.95 EPS for the current year.

Antero Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.25%. The ex-dividend date is Wednesday, April 23rd. Antero Midstream's dividend payout ratio (DPR) is 108.43%.

Antero Midstream Company 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.