Ameriprise Financial Inc. Buys 40,055 Shares of Archrock, Inc. (AROC)

Ameriprise Financial Inc. raised its stake in Archrock, Inc. (NYSE:AROC) by 6.0% during the first quarter, Holdings Channel reports. The institutional investor owned 711,353 shares of the energy company’s stock after buying an additional 40,055 shares during the period. Ameriprise Financial Inc.’s holdings in Archrock were worth $8,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AROC. Tudor Investment Corp Et Al raised its stake in shares of Archrock by 38.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 19,921 shares of the energy company’s stock worth $263,000 after buying an additional 5,562 shares during the period. Two Sigma Investments LP raised its stake in shares of Archrock by 93.6% in the fourth quarter. Two Sigma Investments LP now owns 275,195 shares of the energy company’s stock worth $3,633,000 after buying an additional 133,070 shares during the period. William Blair Investment Management LLC raised its stake in shares of Archrock by 17.2% in the fourth quarter. William Blair Investment Management LLC now owns 1,209,603 shares of the energy company’s stock worth $15,967,000 after buying an additional 177,263 shares during the period. A.R.T. Advisors LLC raised its stake in shares of Archrock by 552.5% in the fourth quarter. A.R.T. Advisors LLC now owns 105,700 shares of the energy company’s stock worth $1,395,000 after buying an additional 89,500 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Archrock during the fourth quarter worth approximately $195,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

Archrock, Inc. (AROC) opened at 10.65 on Tuesday. Archrock, Inc. has a 12 month low of $7.92 and a 12 month high of $16.40. The firm’s market cap is $755.93 million. The firm’s 50-day moving average price is $11.08 and its 200-day moving average price is $13.00.

Archrock (NYSE:AROC) last posted its earnings results on Thursday, May 4th. The energy company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. Archrock had a negative return on equity of 3.37% and a negative net margin of 8.22%. The firm had revenue of $189.90 million for the quarter, compared to the consensus estimate of $191.30 million. Archrock’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Archrock, Inc. will post ($0.44) EPS for the current fiscal year.

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A number of analysts recently issued reports on AROC shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $15.00 target price on shares of Archrock in a research report on Friday, April 21st. Scotiabank set a $16.00 target price on Archrock and gave the company a “hold” rating in a research report on Friday, February 24th. Zacks Investment Research downgraded Archrock from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Finally, Simmons lifted their target price on Archrock from $14.25 to $14.75 and gave the company a “neutral” rating in a research report on Tuesday, April 11th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $12.96.

Archrock Company Profile

Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

Want to see what other hedge funds are holding AROC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archrock, Inc. (NYSE:AROC).

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