Antero Midstream Target of Unusually Large Options Trading (NYSE:AM)

Antero Midstream Co. (NYSE:AM) saw unusually large options trading activity on Wednesday. Stock investors acquired 7,677 call options on the company. This is an increase of 274% compared to the average daily volume of 2,055 call options.

Antero Midstream Stock Up 1.0 %

Shares of NYSE:AM traded up $0.16 during trading on Wednesday, reaching $16.29. 315,661 shares of the company traded hands, compared to its average volume of 1,948,358. The firm has a fifty day simple moving average of $15.31 and a 200 day simple moving average of $14.94. The firm has a market cap of $7.84 billion, a P/E ratio of 20.11 and a beta of 2.34. Antero Midstream has a 1-year low of $11.58 and a 1-year high of $16.35. 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 Transactions at Antero Midstream

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC grew its position in Antero Midstream by 314.6% in the 2nd quarter. Millennium Management LLC now owns 1,862,900 shares of the pipeline company’s stock worth $27,459,000 after purchasing an additional 1,413,606 shares during the last quarter. FMR LLC grew its position in Antero Midstream by 121.9% in the 3rd quarter. FMR LLC now owns 1,092,755 shares of the pipeline company’s stock worth $16,446,000 after purchasing an additional 600,208 shares during the last quarter. SG Americas Securities LLC grew its position in Antero Midstream by 1,141.2% in the 3rd quarter. SG Americas Securities LLC now owns 470,743 shares of the pipeline company’s stock worth $7,085,000 after purchasing an additional 432,817 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Antero Midstream by 74.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock worth $10,338,000 after purchasing an additional 293,238 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Antero Midstream by 4.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,081,501 shares of the pipeline company’s stock worth $91,549,000 after purchasing an additional 251,987 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

Wall Street Analysts Forecast Growth

AM has been the subject of several recent research reports. Wells Fargo & Company lowered shares of Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price for the company. in a research note on Wednesday, December 18th. StockNews.com lowered shares of Antero Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

About Antero Midstream

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.