Antero Midstream (NYSE:AM) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Antero Midstream (NYSE:AM) from a buy rating to a hold rating in a research report released on Tuesday morning.

Separately, Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target on the stock. in a report on Wednesday, December 18th.

Antero Midstream Trading Down 0.2 %

Shares of AM opened at $15.47 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $16.00. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of 19.10 and a beta of 2.34. The firm’s 50-day moving average price is $15.22 and its 200-day moving average price is $14.92.

Insider Buying and Selling

In other news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On Antero Midstream

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC lifted its holdings in shares of Antero Midstream by 4.6% in the 2nd quarter. Natixis Advisors LLC now owns 50,447 shares of the pipeline company’s stock worth $744,000 after acquiring an additional 2,215 shares during the last quarter. CIBC Asset Management Inc purchased a new position in Antero Midstream in the second quarter worth $205,000. Arizona State Retirement System increased its position in Antero Midstream by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 100,729 shares of the pipeline company’s stock valued at $1,485,000 after buying an additional 1,852 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Antero Midstream in the 2nd quarter valued at approximately $3,883,000. Finally, Quest Partners LLC lifted its stake in shares of Antero Midstream by 887.4% during the second quarter. Quest Partners LLC now owns 113,154 shares of the pipeline company’s stock worth $1,668,000 after buying an additional 101,694 shares during the period. 53.97% of the stock is owned by institutional investors.

About Antero Midstream

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.