AMP Capital Investors Ltd boosted its position in Antero Midstream GP LP (NYSE:AMGP) by 180.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,314 shares of the company’s stock after purchasing an additional 40,738 shares during the quarter. AMP Capital Investors Ltd’s holdings in Antero Midstream GP were worth $1,296,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMGP. Warburg Pincus LLC acquired a new position in Antero Midstream GP in the 2nd quarter valued at $1,211,309,000. Goldman Sachs Group Inc. acquired a new stake in shares of Antero Midstream GP in the 2nd quarter worth $126,613,000. Jennison Associates LLC acquired a new stake in shares of Antero Midstream GP in the 2nd quarter worth $38,645,000. Atlantic Trust Group LLC acquired a new stake in shares of Antero Midstream GP in the 2nd quarter worth $27,611,000. Finally, Artisan Partners Limited Partnership acquired a new stake in shares of Antero Midstream GP in the 2nd quarter worth $12,415,000. 64.73% of the stock is owned by hedge funds and other institutional investors.
Shares of Antero Midstream GP LP (NYSE:AMGP) traded up $0.09 during trading hours on Friday, hitting $21.04. The company had a trading volume of 798,455 shares, compared to its average volume of 1,303,044. Antero Midstream GP LP has a 1 year low of $16.62 and a 1 year high of $22.87.
Antero Midstream GP (NYSE:AMGP) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The business had revenue of $19.07 million for the quarter, compared to analyst estimates of $19.44 million. Antero Midstream GP had a return on equity of 17.95% and a net margin of 4.41%. analysts predict that Antero Midstream GP LP will post 0.18 earnings per share for the current fiscal year.
A number of analysts have issued reports on AMGP shares. Credit Suisse Group started coverage on Antero Midstream GP in a research note on Thursday, January 4th. They issued a “neutral” rating and a $21.00 target price for the company. Zacks Investment Research downgraded Antero Midstream GP from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Wells Fargo & Co raised Antero Midstream GP from a “market perform” rating to an “outperform” rating in a research note on Monday, November 6th. Scotiabank reaffirmed a “hold” rating and issued a $24.00 target price on shares of Antero Midstream GP in a research note on Wednesday, October 4th. Finally, Goldman Sachs Group raised Antero Midstream GP from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Friday, January 5th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $26.18.
About Antero Midstream GP
Antero Midstream GP LP, formerly Antero Resources Midstream Management LLC, owns, operates and develops midstream energy infrastructure. The Company’s segments include gathering and processing and water handling and treatment. The gathering and processing segment consist of long-term, fee-based activities including low-pressure gathering, compression, high-pressure gathering, processing, fractionation, and condensate gathering.
Receive News & Ratings for Antero Midstream GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Midstream GP and related companies with MarketBeat.com's FREE daily email newsletter.