Bank of America Corp DE Trims Stake in Antero Midstream Partners LP (AM)

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Bank of America Corp DE reduced its position in Antero Midstream Partners LP (NYSE:AM) by 13.6% in the 4th quarter, Holdings Channel reports. The firm owned 993,241 shares of the pipeline company’s stock after selling 156,738 shares during the period. Bank of America Corp DE’s holdings in Antero Midstream Partners were worth $21,246,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AM. Berman Capital Advisors LLC acquired a new position in Antero Midstream Partners in the 4th quarter valued at about $115,000. Arlington Partners LLC acquired a new position in Antero Midstream Partners in the 4th quarter valued at about $150,000. IFP Advisors Inc acquired a new position in Antero Midstream Partners in the 4th quarter valued at about $154,000. Bessemer Group Inc. increased its position in Antero Midstream Partners by 236.6% in the 4th quarter. Bessemer Group Inc. now owns 7,873 shares of the pipeline company’s stock valued at $169,000 after acquiring an additional 5,534 shares during the period. Finally, LVW Advisors LLC increased its position in Antero Midstream Partners by 10.5% in the 4th quarter. LVW Advisors LLC now owns 10,000 shares of the pipeline company’s stock valued at $214,000 after acquiring an additional 950 shares during the period. 50.22% of the stock is owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. ValuEngine upgraded Antero Midstream Partners from a “sell” rating to a “hold” rating in a research report on Monday. Capital One Financial reiterated an “equal weight” rating on shares of Antero Midstream Partners in a research report on Friday, March 22nd. Finally, Zacks Investment Research cut Antero Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Antero Midstream Partners presently has an average rating of “Hold” and a consensus price target of $33.35.

NYSE AM opened at $14.06 on Thursday. Antero Midstream Partners LP has a 12-month low of $10.12 and a 12-month high of $19.91. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 42.61 and a beta of 1.82.

Antero Midstream Partners (NYSE:AM) last released its earnings results on Wednesday, February 13th. The pipeline company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.10. Antero Midstream Partners had a return on equity of 246.65% and a net margin of 43.36%. The company had revenue of $281.75 million for the quarter, compared to analysts’ expectations of $264.71 million. Sell-side analysts forecast that Antero Midstream Partners LP will post 0.91 earnings per share for the current fiscal year.

In related news, insider Michael N. Kennedy sold 210,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $12.45, for a total value of $2,614,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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Antero Midstream Partners Company Profile

Antero Midstream Partners LP owns, operates, and develops midstream energy assets. The company operates in two segments, Gathering and Processing, and Water Handling and Treatment. Its assets include 8-, 12-, 16-, 20-, 24-, and 30-inch high and low pressure gathering pipelines, compressor stations, and processing and fractionation plants that collect and process natural gas, natural gas liquids, and crude oil from wells in the Marcellus Shale in West Virginia and the Utica Shale in Ohio; and water handling and treatment assets, which comprise two independent fresh water delivery systems that deliver fresh water from the Ohio River and several regional waterways, as well as wastewater handling services for well completion operations.

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

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