Antero Midstream (NYSE:AM) Cut to Hold at StockNews.com

StockNews.com cut 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 lowered Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a report on Wednesday, December 18th.

Antero Midstream Stock Performance

Shares of AM stock opened at $15.64 on Tuesday. The firm has a 50 day moving average of $15.26 and a two-hundred day moving average of $14.93. The stock has a market capitalization of $7.53 billion, a PE ratio of 19.31 and a beta of 2.34. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream has a 52 week low of $11.58 and a 52 week high of $16.00.

Insiders Place Their Bets

In related news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $14.66, for a total value of $146,600.00. Following the completion of the transaction, the director now directly owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Institutional Trading of Antero Midstream

Several institutional investors have recently modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in Antero Midstream during the 3rd quarter worth $38,000. Blue Trust Inc. grew its holdings in shares of Antero Midstream by 149.4% during the third quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Antero Midstream during the third quarter worth about $48,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Antero Midstream in the 2nd quarter valued at about $55,000. Finally, GAMMA Investing LLC boosted its position in shares of Antero Midstream by 44.5% in the 4th quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock valued at $96,000 after purchasing an additional 1,962 shares during the period. Hedge funds and other institutional investors 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.