Baupost Groupma buys $548.4 Million stake in Antero Resources Corp (AR)

Antero Resources Corp (AR) : Baupost Groupma scooped up 2,337,937 additional shares in Antero Resources Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 21,505,881 shares of Antero Resources Corp which is valued at $548.4 Million.Antero Resources Corp makes up approximately 8.02% of Baupost Groupma’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in AR by selling 672 shares or 1.46% in the most recent quarter. The Hedge Fund company now holds 45,199 shares of AR which is valued at $1.2 Million.Ubs Asset Management Americas Inc boosted its stake in AR in the latest quarter, The investment management firm added 53,852 additional shares and now holds a total of 187,216 shares of Antero Resources Corp which is valued at $4.8 Million. Antero Resources Corp makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.Shufro Rose Co reduced its stake in AR by selling 600 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 19,750 shares of AR which is valued at $503,625. Antero Resources Corp makes up approx 0.06% of Shufro Rose Co’s portfolio.Teacher Retirement System Of Texas boosted its stake in AR in the latest quarter, The investment management firm added 41,626 additional shares and now holds a total of 438,552 shares of Antero Resources Corp which is valued at $11.2 Million. Antero Resources Corp makes up approx 0.08% of Teacher Retirement System Of Texas’s portfolio.

Antero Resources Corp opened for trading at $27.37 and hit $28.11 on the upside on Wednesday, eventually ending the session at $27.92, with a gain of 2.42% or 0.66 points. The heightened volatility saw the trading volume jump to 20,57,568 shares. Company has a market cap of $7,745 M.

On the company’s financial health, Antero Resources Corp reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $765.40 million for the quarter, compared to analysts expectations of $685.75 million. The company’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Antero Resources Corp. Company shares were Reiterated by Stifel on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $29 .Antero Resources Corp was Upgraded by JP Morgan to ” Neutral” on Apr 15, 2016. Antero Resources Corp was Upgraded by Tudor Pickering to ” Buy” on Apr 15, 2016.

Antero Resources Corporation is engaged in the exploitation development and acquisition of natural gas natural gas liquids (NGLs) and oil properties in the Appalachian Basin in West Virginia Ohio and Pennsylvania. The Company targets large repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to develop and produce natural gas NGLs and oil from unconventional formations. The Company has fresh water distribution operations in the Appalachian Basin as well as gathering and compression operations through its consolidated subsidiary Antero Midstream Partners LP. The Company operates in four industry segments: the exploration development and production of natural gas NGLs and oil; gathering and compression; fresh water distribution and marketing of excess firm transportation capacity. All of its operations are conducted in the United States.

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