Qsemble Capital Management LP Invests $344,000 in Antero Midstream Co. (NYSE:AM)

Qsemble Capital Management LP purchased a new position in shares of Antero Midstream Co. (NYSE:AM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,885 shares of the pipeline company’s stock, valued at approximately $344,000.

A number of other hedge funds have also recently added to or reduced their stakes in AM. Russell Investments Group Ltd. boosted its holdings in Antero Midstream by 108.9% in the first quarter. Russell Investments Group Ltd. now owns 29,497 shares of the pipeline company’s stock worth $415,000 after purchasing an additional 15,379 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Antero Midstream by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 182,452 shares of the pipeline company’s stock worth $2,566,000 after purchasing an additional 8,167 shares during the period. SVB Wealth LLC acquired a new position in Antero Midstream in the first quarter worth $287,000. Tidal Investments LLC boosted its holdings in Antero Midstream by 36.7% in the first quarter. Tidal Investments LLC now owns 46,749 shares of the pipeline company’s stock worth $657,000 after purchasing an additional 12,557 shares during the period. Finally, Virtu Financial LLC acquired a new position in Antero Midstream in the first quarter worth $152,000. Institutional investors and hedge funds own 53.97% of the company’s stock.

Insider Activity at Antero Midstream

In related news, Director Brooks J. Klimley sold 10,000 shares of Antero Midstream stock in a transaction dated 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 directly owns 74,100 shares in the company, valued at $1,086,306. The trade was a 11.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Antero Midstream Stock Performance

Shares of AM opened at $15.77 on Thursday. Antero Midstream Co. has a 1 year low of $11.58 and a 1 year high of $15.90. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 19.46 and a beta of 2.35. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a fifty day moving average of $15.22 and a 200-day moving average of $14.78.

Antero Midstream Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Wednesday, October 23rd. Antero Midstream’s dividend payout ratio (DPR) is 111.11%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, August 27th. StockNews.com downgraded shares of Antero Midstream from a “buy” rating to a “hold” rating in a report on Monday, August 5th.

Antero Midstream 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.