Teachers Retirement System of The State of Kentucky Has $2.54 Million Stock Holdings in Antero Resources Co. (NYSE:AR)

Teachers Retirement System of The State of Kentucky lowered its stake in Antero Resources Co. (NYSE:AR) by 2.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 88,791 shares of the oil and natural gas company’s stock after selling 2,560 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Antero Resources were worth $2,544,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AR. UMB Bank n.a. lifted its holdings in shares of 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 worth $25,000 after buying an additional 686 shares in the last quarter. True Wealth Design LLC bought a new position in Antero Resources during the third quarter worth about $30,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources in the 3rd quarter worth about $45,000. Mattson Financial Services LLC bought a new stake in Antero Resources in the 2nd quarter valued at about $64,000. Finally, Signaturefd LLC grew its position in shares of Antero Resources by 19.9% during the 3rd quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after purchasing an additional 702 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Performance

NYSE AR opened at $32.37 on Monday. Antero Resources Co. has a fifty-two week low of $20.56 and a fifty-two week high of $36.28. The stock has a market cap of $10.07 billion, a PE ratio of 231.21 and a beta of 3.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s fifty day moving average price is $29.89 and its two-hundred day moving average price is $29.79.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AR shares. 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 report on Monday, September 16th. Wells Fargo & Company dropped their price objective on Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a report on Friday, October 18th. Wolfe Research raised Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Wednesday, September 11th. Roth Capital raised Antero Resources to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Raymond James increased their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.06.

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.