Columbus Macro LLC Purchases 50,738 Shares of Antero Midstream Corporation $AM

Columbus Macro LLC lifted its position in Antero Midstream Corporation (NYSE:AM) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 801,445 shares of the pipeline company’s stock after acquiring an additional 50,738 shares during the quarter. Antero Midstream makes up approximately 1.5% of Columbus Macro LLC’s portfolio, making the stock its 10th largest position. Columbus Macro LLC owned about 0.17% of Antero Midstream worth $16,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC purchased a new position in Antero Midstream during the second quarter worth about $25,000. Clearstead Trust LLC bought a new stake in Antero Midstream in the 2nd quarter worth about $30,000. Eastern Bank grew its position in Antero Midstream by 428.8% in the 3rd quarter. Eastern Bank now owns 1,375 shares of the pipeline company’s stock worth $28,000 after purchasing an additional 1,115 shares in the last quarter. Ancora Advisors LLC purchased a new stake in Antero Midstream in the 2nd quarter valued at about $38,000. Finally, Root Financial Partners LLC increased its stake in Antero Midstream by 36.4% in the 1st quarter. Root Financial Partners LLC now owns 2,014 shares of the pipeline company’s stock valued at $46,000 after buying an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Stock Performance

AM traded down $0.35 on Wednesday, hitting $20.73. The company’s stock had a trading volume of 2,071,616 shares, compared to its average volume of 2,591,255. Antero Midstream Corporation has a 12 month low of $16.96 and a 12 month high of $23.83. The firm has a market cap of $9.84 billion, a P/E ratio of 24.67 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.83. The company’s 50 day simple moving average is $21.70 and its 200-day simple moving average is $21.88.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, July 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The business had revenue of $327.24 million for the quarter, compared to analysts’ expectations of $326.43 million. Antero Midstream had a net margin of 32.41% and a return on equity of 20.19%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. Analysts forecast that Antero Midstream Corporation will post 1.09 EPS for the current year.

Analysts Set New Price Targets

AM has been the topic of a number of research analyst reports. Capital One Financial upgraded Antero Midstream from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Tuesday, September 22nd. Wells Fargo & Company upped their target price on Antero Midstream from $23.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings downgraded Antero Midstream from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 2nd. The Goldman Sachs Group set a $24.00 price objective on shares of Antero Midstream in a report on Tuesday, July 14th. Finally, UBS Group lowered their target price on Antero Midstream from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, September 21st. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Antero Midstream presently has an average rating of “Hold” and an average price target of $24.20.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 16,000 shares of Antero Midstream stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $22.01, for a total value of $352,160.00. Following the completion of the transaction, the insider directly owned 83,900 shares in the company, valued at approximately $1,846,639. The trade was a 16.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brooks Klimley sold 5,000 shares of Antero Midstream stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $21.27, for a total value of $106,350.00. Following the completion of the transaction, the director owned 68,204 shares of the company’s stock, valued at approximately $1,450,699.08. This trade represents a 6.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Antero Midstream Profile

Antero Midstream Corporation (NYSE: AM) owns, operates and develops midstream energy infrastructure that supports natural gas, natural gas liquids and oil production in the Appalachian Basin. The company primarily serves Antero Resources Corporation, providing the gathering and processing services needed to move production from well sites into downstream markets.

Antero Midstream’s operations include natural gas gathering, compression and processing, as well as water handling and related services.