Berman Capital Advisors LLC Raises Holdings in Antero Midstream GP LP (NYSE:AMGP)

Berman Capital Advisors LLC increased its holdings in shares of Antero Midstream GP LP (NYSE:AMGP) by 317.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,261 shares of the company’s stock after purchasing an additional 13,126 shares during the period. Berman Capital Advisors LLC’s holdings in Antero Midstream GP were worth $237,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Legacy Advisors LLC acquired a new stake in Antero Midstream GP in the 1st quarter valued at about $34,000. Bessemer Group Inc. acquired a new stake in Antero Midstream GP in the 4th quarter valued at about $47,000. Spectrum Management Group Inc. acquired a new stake in Antero Midstream GP in the 1st quarter valued at about $50,000. Advisor Group Inc. grew its stake in Antero Midstream GP by 22.7% in the 4th quarter. Advisor Group Inc. now owns 5,807 shares of the company’s stock valued at $65,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in Antero Midstream GP in the 4th quarter valued at about $68,000. Hedge funds and other institutional investors own 78.40% of the company’s stock.

Separately, Zacks Investment Research raised shares of Antero Midstream GP from a “strong sell” rating to a “hold” rating in a research note on Monday, February 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.50.

NYSE AMGP remained flat at $$12.54 during mid-day trading on Friday. Antero Midstream GP LP has a 12 month low of $10.12 and a 12 month high of $19.91. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 38.00 and a beta of 1.80.

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Antero Midstream GP Profile

Antero Midstream GP LP owns, operates, and develops midstream energy assets in the Marcellus and Utica Shales in West Virginia and Ohio. Its assets consist of gathering pipelines, compressor stations, interests in processing and fractionation plants, and water handling and treatment assets, which provide midstream services to Antero Resources Corporation under long term fixed fee contracts.

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Institutional Ownership by Quarter for Antero Midstream GP (NYSE:AMGP)

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