Antero Midstream (NYSE:AM) Downgraded by StockNews.com to Hold

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

Separately, Wells Fargo & Company downgraded 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 Stock Down 0.2 %

Shares of AM stock 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 twelve month low of $11.58 and a twelve month high of $16.00. The stock has a 50 day moving average of $15.22 and a 200 day moving average of $14.92. The stock has a market cap of $7.45 billion, a P/E ratio of 19.10 and a beta of 2.34.

Insider Transactions at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total value of $146,600.00. Following the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Antero Midstream

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

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.