Spirit of America Management Corp NY Sells 1,000 Shares of Antero Resources Co. (NYSE:AR)

Spirit of America Management Corp NY cut its position in shares of Antero Resources Co. (NYSE:AR) by 6.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 15,500 shares of the oil and natural gas company’s stock after selling 1,000 shares during the period. Spirit of America Management Corp NY’s holdings in Antero Resources were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its position in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the last quarter. Pinnacle Bancorp Inc. acquired a new position in Antero Resources during the fourth quarter valued at approximately $28,000. True Wealth Design LLC acquired a new position in Antero Resources during the third quarter valued at approximately $30,000. Spire Wealth Management acquired a new position in Antero Resources during the fourth quarter valued at approximately $31,000. Finally, Capital Performance Advisors LLP acquired a new position in Antero Resources during the third quarter valued at approximately $45,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

AR stock opened at $38.70 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 12 month low of $20.56 and a 12 month high of $41.53. The firm has a market cap of $12.04 billion, a P/E ratio of 276.39 and a beta of 3.33. The company’s 50-day moving average price is $35.25 and its two-hundred day moving average price is $30.66.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America began coverage on Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price target for the company. Truist Financial boosted their target price on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, January 13th. Barclays raised their price target on Antero Resources from $30.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.