Penserra Capital Management LLC Purchases New Position in Antero Midstream Partners LP (AM)

Penserra Capital Management LLC acquired a new position in Antero Midstream Partners LP (NYSE:AM) during the first quarter, Holdings Channel reports. The institutional investor acquired 5,864 shares of the pipeline company’s stock, valued at approximately $194,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Ancora Advisors LLC bought a new position in shares of Antero Midstream Partners during the fourth quarter worth approximately $211,000. First Republic Investment Management Inc. increased its position in shares of Antero Midstream Partners by 18.0% in the fourth quarter. First Republic Investment Management Inc. now owns 37,360 shares of the pipeline company’s stock worth $1,153,000 after buying an additional 5,695 shares during the last quarter. Scotia Capital Inc. increased its position in shares of Antero Midstream Partners by 15.1% in the fourth quarter. Scotia Capital Inc. now owns 13,564 shares of the pipeline company’s stock worth $419,000 after buying an additional 1,781 shares during the last quarter. Cantab Capital Partners LLP increased its position in shares of Antero Midstream Partners by 113.7% in the fourth quarter. Cantab Capital Partners LLP now owns 9,481 shares of the pipeline company’s stock worth $293,000 after buying an additional 5,045 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Antero Midstream Partners by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 317,285 shares of the pipeline company’s stock worth $9,798,000 after buying an additional 11,000 shares during the last quarter. Hedge funds and other institutional investors own 72.96% of the company’s stock.

Institutional Ownership by Quarter for Antero Midstream Partners (NYSE:AM)

Antero Midstream Partners LP (NYSE:AM) traded up 0.71% on Friday, hitting $33.97. The stock had a trading volume of 514,831 shares. The firm’s 50-day moving average price is $33.51 and its 200-day moving average price is $32.35. Antero Midstream Partners LP has a 1-year low of $23.76 and a 1-year high of $35.74. The firm has a market cap of $6.31 billion, a P/E ratio of 25.01 and a beta of 2.02.

Antero Midstream Partners (NYSE:AM) last issued its quarterly earnings data on Monday, May 8th. The pipeline company reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Antero Midstream Partners had a return on equity of 18.72% and a net margin of 37.41%. The firm had revenue of $174.77 million during the quarter, compared to the consensus estimate of $184.45 million. On average, equities research analysts predict that Antero Midstream Partners LP will post $1.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Shareholders of record on Wednesday, May 3rd were given a $0.30 dividend. This is an increase from Antero Midstream Partners’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, May 1st. This represents a $1.20 annualized dividend and a yield of 3.53%. Antero Midstream Partners’s payout ratio is presently 98.25%.

ILLEGAL ACTIVITY WARNING: “Penserra Capital Management LLC Purchases New Position in Antero Midstream Partners LP (AM)” was reported by Mideast Time and is the property of of Mideast Time. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.mideasttime.com/penserra-capital-management-llc-purchases-new-position-in-antero-midstream-partners-lp-am/1708428.html.

A number of brokerages recently commented on AM. TheStreet upgraded Antero Midstream Partners from a “c+” rating to a “b-” rating in a research note on Thursday, March 9th. Scotiabank set a $39.00 price objective on Antero Midstream Partners and gave the stock a “buy” rating in a research note on Monday, March 20th. Finally, Capital One Financial Corp. began coverage on Antero Midstream Partners in a research note on Thursday, March 30th. They set an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $35.71.

Antero Midstream Partners Company Profile

Antero Midstream Partners LP is a limited partnership formed by Antero Resources Corporation (Antero Resources) to own, operate and develop midstream energy assets to service Antero Resources’ production. The Company’s segments include gathering and compression, and water handling and treatment. The gathering and compression segment includes a network of gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids (NGLs) and oil from Antero Resources’ wells in West Virginia and Ohio.

5 Day Chart for NYSE:AM

Want to see what other hedge funds are holding AM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Midstream Partners LP (NYSE:AM).

Receive News & Ratings for Antero Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.