Cetera Advisors LLC Purchases New Position in Antero Midstream GP LP (AMGP)

Cetera Advisors LLC purchased a new position in shares of Antero Midstream GP LP (NYSE:AMGP) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 80,900 shares of the company’s stock, valued at approximately $1,117,000.

A number of other large investors have also modified their holdings of AMGP. Chickasaw Capital Management LLC acquired a new stake in Antero Midstream GP during the 1st quarter worth $144,642,000. Zimmer Partners LP acquired a new stake in Antero Midstream GP during the 4th quarter worth $32,973,000. Kayne Anderson Capital Advisors LP boosted its stake in Antero Midstream GP by 70.4% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 3,657,757 shares of the company’s stock worth $50,394,000 after purchasing an additional 1,511,057 shares during the period. Eagle Global Advisors LLC boosted its stake in Antero Midstream GP by 93.9% during the 1st quarter. Eagle Global Advisors LLC now owns 2,953,149 shares of the company’s stock worth $40,694,000 after purchasing an additional 1,429,809 shares during the period. Finally, Bank of Montreal Can boosted its stake in Antero Midstream GP by 7,272.2% during the 1st quarter. Bank of Montreal Can now owns 1,247,973 shares of the company’s stock worth $17,197,000 after purchasing an additional 1,231,045 shares during the period. Hedge funds and other institutional investors own 78.40% of the company’s stock.

A number of brokerages recently weighed in on AMGP. Zacks Investment Research upgraded shares of Antero Midstream GP from a “strong sell” rating to a “hold” rating in a research note on Monday, February 18th. ValuEngine cut shares of Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.50.

AMGP stock opened at $12.54 on Thursday. Antero Midstream GP LP has a one year low of $10.12 and a one year high of $19.91. The firm has a market capitalization of $2.34 billion, a PE ratio of 38.00 and a beta of 1.80.

Antero Midstream GP (NYSE:AMGP) last released its earnings results on Wednesday, February 13th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.06). Antero Midstream GP had a return on equity of 246.65% and a net margin of 43.36%. The firm had revenue of $43.49 million during the quarter, compared to analyst estimates of $42.69 million. During the same quarter last year, the business posted $0.03 EPS. The firm’s revenue was up 83.0% on a year-over-year basis. Equities research analysts expect that Antero Midstream GP LP will post 0.9 earnings per share for the current fiscal year.

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Antero Midstream GP Company Profile

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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Institutional Ownership by Quarter for Antero Midstream GP (NYSE:AMGP)

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