Yale University Lowers stake in Antero Resources Corp (AR)

Antero Resources Corp (AR) : Yale University reduced its stake in Antero Resources Corp by 60.92% during the most recent quarter end. The investment management company now holds a total of 3,468,136 shares of Antero Resources Corp which is valued at $87,050,214 after selling 5,405,937 shares in Antero Resources Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Antero Resources Corp makes up approximately 20.42% of Yale University’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al reduced its stake in AR by selling 83,350 shares or 87.87% in the most recent quarter. The Hedge Fund company now holds 11,504 shares of AR which is valued at $288,750. Antero Resources Corp makes up approx 0.01% of Tudor Investment Corp Et Al’s portfolio.Aperio Group reduced its stake in AR by selling 6,908 shares or 4.03% in the most recent quarter. The Hedge Fund company now holds 164,651 shares of AR which is valued at $4,155,791. Antero Resources Corp makes up approx 0.03% of Aperio Group’s portfolio.Proficio Capital Partners reduced its stake in AR by selling 253 shares or 87.24% in the most recent quarter. The Hedge Fund company now holds 37 shares of AR which is valued at $938.Acadian Asset Management reduced its stake in AR by selling 80,156 shares or 99.93% in the most recent quarter. The Hedge Fund company now holds 55 shares of AR which is valued at $1,489.

Antero Resources Corp opened for trading at $24.71 and hit $25.2 on the upside on Monday, eventually ending the session at $24.95, with a gain of 1.42% or 0.35 points. The heightened volatility saw the trading volume jump to 29,21,282 shares. Company has a market cap of $7,833 M.

On the company’s financial health, Antero Resources Corp reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.12. The company had revenue of $1443.30 million for the quarter, compared to analysts expectations of $689.22 million. The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on Antero Resources Corp. Antero Resources Corp was Upgraded by Susquehanna to ” Positive” on Oct 28, 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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