Cinctive Capital Management LP Sells 514,734 Shares of Antero Midstream Co. (NYSE:AM)

Cinctive Capital Management LP reduced its position in shares of Antero Midstream Co. (NYSE:AM) by 19.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,151,510 shares of the pipeline company’s stock after selling 514,734 shares during the quarter. Antero Midstream accounts for about 1.8% of Cinctive Capital Management LP’s holdings, making the stock its 2nd biggest position. Cinctive Capital Management LP’s holdings in Antero Midstream were worth $32,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC increased 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 valued at $27,459,000 after acquiring an additional 1,413,606 shares during the period. FMR LLC grew its stake in shares of Antero Midstream by 121.9% in the third 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. SIR Capital Management L.P. acquired a new stake in Antero Midstream in the second quarter valued at $8,251,000. SG Americas Securities LLC raised its position in Antero Midstream by 1,141.2% during 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. Finally, Oppenheimer & Co. Inc. lifted its holdings in Antero Midstream by 74.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 686,933 shares of the pipeline company’s stock worth $10,338,000 after buying an additional 293,238 shares during the period. Institutional investors own 53.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AM shares. Morgan Stanley raised their price objective on Antero Midstream from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 27th. StockNews.com upgraded shares of Antero Midstream from a “hold” rating to a “buy” rating in a report on Thursday.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 10,000 shares of the firm’s 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 owns 74,100 shares of the company’s stock, valued at $1,086,306. This trade represents a 11.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Antero Midstream Stock Performance

Shares of AM opened at $15.97 on Monday. The firm’s fifty day simple moving average is $15.28 and its two-hundred day simple moving average is $14.81. Antero Midstream Co. has a 12 month low of $11.58 and a 12 month high of $16.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $7.69 billion, a P/E ratio of 19.72 and a beta of 2.35.

Antero Midstream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 annualized dividend and a yield of 5.64%. Antero Midstream’s dividend payout ratio is currently 111.11%.

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.