Antero Midstream (NYSE:AM) Rating Lowered to “Hold” at StockNews.com

Antero Midstream (NYSE:AM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Separately, Wells Fargo & Company cut shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 price objective for the company. in a research note on Wednesday, December 18th.

Antero Midstream Trading Up 1.1 %

Shares of NYSE:AM opened at $15.64 on Tuesday. The business has a 50-day moving average price of $15.24 and a 200-day moving average price of $14.92. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 19.31 and a beta of 2.34. Antero Midstream has a 52-week low of $11.58 and a 52-week high of $16.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49.

Insider Activity

In related news, Director Brooks J. Klimley sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the sale, the director now owns 74,100 shares in the company, valued at approximately $1,086,306. This trade represents a 11.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On Antero Midstream

Several hedge funds have recently modified their holdings of the company. Birch Capital Management LLC raised its position in Antero Midstream by 1.8% during the fourth quarter. Birch Capital Management LLC now owns 37,482 shares of the pipeline company’s stock worth $566,000 after acquiring an additional 655 shares during the period. Stifel Financial Corp raised its position in shares of Antero Midstream by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 83,452 shares of the pipeline company’s stock worth $1,256,000 after purchasing an additional 685 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in Antero Midstream by 6.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 12,263 shares of the pipeline company’s stock valued at $185,000 after buying an additional 705 shares in the last quarter. Wedmont Private Capital boosted its holdings in Antero Midstream by 4.7% in the 3rd quarter. Wedmont Private Capital now owns 16,862 shares of the pipeline company’s stock worth $264,000 after buying an additional 759 shares during the last quarter. Finally, CWM LLC increased its stake in Antero Midstream by 10.5% during the 3rd quarter. CWM LLC now owns 8,115 shares of the pipeline company’s stock worth $122,000 after buying an additional 768 shares in the last quarter. 53.97% of the stock is owned by hedge funds and other institutional investors.

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.