Quantbot Technologies LP Buys 3,148 Shares of Antero Midstream GP LP (AMGP)

Quantbot Technologies LP grew its stake in shares of Antero Midstream GP LP (NYSE:AMGP) by 73.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,460 shares of the company’s stock after acquiring an additional 3,148 shares during the period. Quantbot Technologies LP’s holdings in Antero Midstream GP were worth $119,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AMGP. OppenheimerFunds Inc. lifted its holdings in shares of Antero Midstream GP by 21.4% in the fourth quarter. OppenheimerFunds Inc. now owns 7,345,428 shares of the company’s stock valued at $144,852,000 after purchasing an additional 1,293,282 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Antero Midstream GP by 14.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 6,597,648 shares of the company’s stock valued at $130,105,000 after purchasing an additional 856,886 shares in the last quarter. Eagle Global Advisors LLC lifted its holdings in shares of Antero Midstream GP by 25.0% in the fourth quarter. Eagle Global Advisors LLC now owns 2,541,360 shares of the company’s stock valued at $50,116,000 after purchasing an additional 508,010 shares in the last quarter. Cushing Asset Management LP lifted its holdings in shares of Antero Midstream GP by 3.9% in the fourth quarter. Cushing Asset Management LP now owns 2,538,236 shares of the company’s stock valued at $50,054,000 after purchasing an additional 96,244 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Antero Midstream GP by 1,672.5% in the first quarter. Neuberger Berman Group LLC now owns 1,724,404 shares of the company’s stock valued at $27,573,000 after purchasing an additional 1,627,120 shares in the last quarter. Institutional investors own 75.20% of the company’s stock.

In other news, insider Kevin J. Kilstrom sold 50,000 shares of Antero Midstream GP stock in a transaction on Friday, May 18th. The stock was sold at an average price of $18.07, for a total transaction of $903,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider K. Phil Yoo sold 5,000 shares of Antero Midstream GP stock in a transaction on Friday, June 1st. The stock was sold at an average price of $19.45, for a total value of $97,250.00. The disclosure for this sale can be found here.

Several brokerages recently issued reports on AMGP. ValuEngine upgraded Antero Midstream GP from a “strong sell” rating to a “sell” rating in a report on Friday, June 1st. Zacks Investment Research lowered Antero Midstream GP from a “buy” rating to a “sell” rating in a report on Tuesday, May 1st. Robert W. Baird reiterated a “buy” rating and set a $26.00 price objective on shares of Antero Midstream GP in a report on Tuesday, April 10th. Seaport Global Securities lowered Antero Midstream GP from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $26.00 to $16.00 in a report on Monday, April 9th. Finally, Morgan Stanley cut their price objective on Antero Midstream GP from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, March 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Antero Midstream GP presently has an average rating of “Hold” and an average price target of $22.27.

Antero Midstream GP stock opened at $18.99 on Friday. The firm has a market cap of $3.50 billion and a price-to-earnings ratio of 633.00. Antero Midstream GP LP has a one year low of $14.85 and a one year high of $22.50.

Antero Midstream GP (NYSE:AMGP) last issued its quarterly earnings results on Wednesday, April 25th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $28.45 million during the quarter, compared to the consensus estimate of $28.67 million. Antero Midstream GP had a return on equity of 116.75% and a net margin of 21.79%. equities analysts anticipate that Antero Midstream GP LP will post 0.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 23rd. Investors of record on Thursday, May 3rd were given a $0.108 dividend. The ex-dividend date was Wednesday, May 2nd. This is an increase from Antero Midstream GP’s previous quarterly dividend of $0.08. This represents a $0.43 dividend on an annualized basis and a yield of 2.27%. Antero Midstream GP’s dividend payout ratio (DPR) is currently 1,433.33%.

About Antero Midstream GP

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

Institutional Ownership by Quarter for Antero Midstream GP (NYSE:AMGP)

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