Antero Resources Corporation (AR) Market Value Declined While Sound Shore Management INC Has Decreased Its Stake

October 13, 2018 - By Linda Rogers

Antero Resources Corporation (NYSE:AR) LogoInvestors sentiment decreased to 1.07 in 2018 Q2. Its down 0.12, from 1.19 in 2018Q1. It is negative, as 29 investors sold AR shares while 77 reduced holdings. 37 funds opened positions while 76 raised stakes. 285.90 million shares or 0.15% less from 286.32 million shares in 2018Q1 were reported. Linscomb Williams invested in 19,873 shares or 0.04% of the stock. Apollo Mngmt Holdings Lp invested 0.01% in Antero Resources Corporation (NYSE:AR). Cibc Asset Mngmt invested 0% in Antero Resources Corporation (NYSE:AR). Mackay Shields Ltd Limited Liability Company owns 317,630 shares. First Quadrant Ltd Partnership Ca holds 0% or 6,200 shares in its portfolio. The Virginia-based Virginia Retirement System Et Al has invested 0.04% in Antero Resources Corporation (NYSE:AR). Parametric Portfolio Associate Limited Co accumulated 256,740 shares. State Street Corp has 0.01% invested in Antero Resources Corporation (NYSE:AR). Raymond James & Associate holds 0% or 20,082 shares. 1.16M were accumulated by First Advsrs L P. Manufacturers Life Insur Com The holds 0% in Antero Resources Corporation (NYSE:AR) or 10,955 shares. Daiwa Securities Gru Inc reported 6,100 shares. Metropolitan Life Ny invested in 13,164 shares. Great West Life Assurance Com Can owns 97,711 shares or 0% of their US portfolio. The California-based Fuller And Thaler Asset has invested 0% in Antero Resources Corporation (NYSE:AR).

Since May 1, 2018, it had 0 insider buys, and 2 insider sales for $102,325 activity.

Sound Shore Management Inc decreased its stake in Antero Resources Corporation (AR) by 10.17% based on its latest 2018Q2 regulatory filing with the SEC. Sound Shore Management Inc sold 1.18 million shares as the company’s stock declined 9.67% while stock markets rallied. The institutional investor held 10.44M shares of the oil & gas production company at the end of 2018Q2, valued at $222.88M, down from 11.62 million at the end of the previous reported quarter. Sound Shore Management Inc who had been investing in Antero Resources Corporation for a number of months, seems to be less bullish one the $5.92 billion market cap company. The stock decreased 0.90% or $0.17 during the last trading session, reaching $18.68. About 3.59M shares traded or 13.02% up from the average. Antero Resources Corporation (NYSE:AR) has declined 8.81% since October 13, 2017 and is downtrending. It has underperformed by 24.43% the S&P500.

Sound Shore Management Inc, which manages about $6.15 billion and $5.95B US Long portfolio, upped its stake in Freeport (NYSE:FCX) by 978,232 shares to 8.50M shares, valued at $146.79 million in 2018Q2, according to the filing. It also increased its holding in Chubb Ltd by 94,072 shares in the quarter, for a total of 1.46 million shares, and has risen its stake in Flex Ltd. (NASDAQ:FLEX).

Analysts await Antero Resources Corporation (NYSE:AR) to report earnings on November, 7. They expect $0.18 earnings per share, up 460.00 % or $0.23 from last year’s $-0.05 per share. AR’s profit will be $57.07M for 25.94 P/E if the $0.18 EPS becomes a reality. After $-0.03 actual earnings per share reported by Antero Resources Corporation for the previous quarter, Wall Street now forecasts -700.00 % EPS growth.

More news for Antero Resources Corporation (NYSE:AR) were recently published by:, which released: “Market Trends Toward New Normal in Antero Resources, SunPower, The Clorox, CECO Environmental, Fortinet, and …” on October 12, 2018.‘s article titled: “BMO Downgrades Antero Resources Following LNG Price Rally” and published on September 21, 2018 is yet another important article.

Antero Resources Corporation (NYSE:AR) Ratings Coverage

Among 5 analysts covering Antero Resources (NYSE:AR), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Antero Resources had 9 analyst reports since April 17, 2018 according to SRatingsIntel. Citigroup downgraded the stock to “Hold” rating in Tuesday, April 17 report. On Friday, September 21 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. On Monday, August 13 the stock rating was maintained by Citigroup with “Neutral”. The stock of Antero Resources Corporation (NYSE:AR) has “Equal-Weight” rating given on Friday, April 27 by Morgan Stanley. The rating was maintained by Morgan Stanley on Friday, April 20 with “Equal-Weight”. The firm has “Equal-Weight” rating given on Thursday, July 12 by Morgan Stanley. The stock of Antero Resources Corporation (NYSE:AR) earned “Equal-Weight” rating by Morgan Stanley on Thursday, May 24. The company was maintained on Wednesday, April 25 by Jefferies.

Antero Resources Corporation (NYSE:AR) Ratings Chart

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