Antero Midstream Co. (NYSE:AM) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Antero Midstream Co. (NYSE:AM) by 44.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,372 shares of the pipeline company’s stock after buying an additional 1,962 shares during the period. GAMMA Investing LLC’s holdings in Antero Midstream were worth $96,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AM. Ashton Thomas Securities LLC purchased a new position in Antero Midstream in the third quarter valued at about $38,000. Blue Trust Inc. grew its stake in Antero Midstream by 149.4% in the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 1,857 shares in the last quarter. Brooklyn Investment Group purchased a new position in Antero Midstream in the third quarter valued at about $48,000. Abich Financial Wealth Management LLC bought a new stake in shares of Antero Midstream during the 2nd quarter worth about $55,000. Finally, CWM LLC boosted its stake in shares of Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after acquiring an additional 768 shares in the last quarter. Institutional investors and hedge funds own 53.97% of the company’s stock.

Antero Midstream Stock Performance

AM stock opened at $15.49 on Friday. The business’s fifty day moving average is $15.26 and its 200-day moving average is $14.93. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. The company has a market cap of $7.46 billion, a P/E ratio of 19.12 and a beta of 2.34. Antero Midstream Co. has a twelve month low of $11.58 and a twelve month high of $16.00.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price target for the company. in a research note on Wednesday, December 18th. StockNews.com cut Antero Midstream from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insider Activity

In other Antero Midstream 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 value of $146,600.00. Following the sale, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

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.