SG Americas Securities LLC Sells 315,158 Shares of Antero Midstream Corporation $AM

SG Americas Securities LLC lessened its holdings in Antero Midstream Corporation (NYSE:AM) by 45.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 380,368 shares of the pipeline company’s stock after selling 315,158 shares during the period. SG Americas Securities LLC owned about 0.08% of Antero Midstream worth $7,394,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AM. Global Retirement Partners LLC lifted its holdings in Antero Midstream by 33.3% during the third quarter. Global Retirement Partners LLC now owns 2,263 shares of the pipeline company’s stock worth $44,000 after buying an additional 565 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Antero Midstream by 58.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the pipeline company’s stock worth $51,000 after acquiring an additional 1,000 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Antero Midstream by 401.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,778 shares of the pipeline company’s stock worth $53,000 after acquiring an additional 2,224 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Antero Midstream during the 2nd quarter worth $123,000. Finally, Bayforest Capital Ltd boosted its position in Antero Midstream by 277.3% during the second quarter. Bayforest Capital Ltd now owns 6,542 shares of the pipeline company’s stock valued at $124,000 after purchasing an additional 4,808 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

Antero Midstream Trading Down 0.1%

NYSE:AM opened at $17.32 on Friday. The company has a market capitalization of $8.25 billion, a P/E ratio of 17.67 and a beta of 0.80. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 1.46. Antero Midstream Corporation has a 12 month low of $15.07 and a 12 month high of $19.82. The firm has a fifty day simple moving average of $17.80 and a 200-day simple moving average of $18.04.

Antero Midstream (NYSE:AM) last issued its earnings results on Wednesday, October 29th. The pipeline company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $294.82 million during the quarter, compared to analyst estimates of $287.30 million. Antero Midstream had a return on equity of 22.61% and a net margin of 40.07%.The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. On average, equities research analysts anticipate that Antero Midstream Corporation will post 0.95 earnings per share for the current year.

Insider Activity

In related news, Director Brooks J. Klimley sold 5,000 shares of Antero Midstream stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $17.59, for a total transaction of $87,950.00. Following the completion of the sale, the director owned 72,622 shares of the company’s stock, valued at $1,277,420.98. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AM has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Antero Midstream in a research report on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 23rd. Zacks Research upgraded shares of Antero Midstream from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 2nd. Finally, Morgan Stanley lifted their price target on shares of Antero Midstream from $19.00 to $20.00 and gave the stock an “underweight” rating in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Antero Midstream has an average rating of “Hold” and a consensus price target of $19.17.

About Antero Midstream

Antero Midstream Corporation is a publicly traded midstream service provider that was established in 2014 as a spin-off from Antero Resources. Headquartered in Denver, Colorado, the company owns, operates and develops midstream infrastructure to support the gathering, compression, processing, transportation and storage of natural gas, natural gas liquids (NGLs) and crude oil. Antero Midstream plays a critical role in connecting upstream production in the Appalachian Basin to end-market pipelines and processing facilities.

The company’s core operations include a network of gathering pipelines and compression stations that serve the Marcellus and Utica shale formations across West Virginia, Pennsylvania and Ohio.