Raging Capital Management Decreased Antero Res (AR) Holding as Share Value Declined; Ami Asset Management Holding in Avery Dennison (AVY) Cut by $618,870

February 22, 2018 - By Michael Collier

William C. Martin decreased its stake in Antero Res Corp (AR) by 8.9% based on its latest 2017Q3 regulatory filing with the SEC. Raging Capital Management Llc sold 53,742 shares as the company’s stock declined 11.29% while stock markets rallied. The hedge fund run by William C. Martin held 550,000 shares of the oil & gas production company at the end of 2017Q3, valued at $10.95M, down from 603,742 at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Antero Res Corp for a number of months, seems to be less bullish one the $5.80B market cap company. The stock decreased 1.29% or $0.24 during the last trading session, reaching $18.32. About 3.39M shares traded. Antero Resources Corporation (NYSE:AR) has declined 15.15% since February 22, 2017 and is downtrending. It has underperformed by 31.85% the S&P500.

Ami Asset Management Corp decreased its stake in Avery Dennison (AVY) by 1.84% based on its latest 2017Q3 regulatory filing with the SEC. Ami Asset Management Corp sold 6,315 shares as the company’s stock rose 4.22% with the market. The hedge fund held 336,441 shares of the containers and packaging company at the end of 2017Q3, valued at $33.09M, down from 342,756 at the end of the previous reported quarter. Ami Asset Management Corp who had been investing in Avery Dennison for a number of months, seems to be less bullish one the $10.29B market cap company. The stock decreased 0.14% or $0.16 during the last trading session, reaching $116.92. About 455,473 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 10.91% since February 22, 2017 and is uptrending. It has underperformed by 5.79% the S&P500.




Analysts await Antero Resources Corporation (NYSE:AR) to report earnings on May, 14. They expect $0.02 EPS, down 88.89% or $0.16 from last year’s $0.18 per share. AR’s profit will be $6.33 million for 229.00 P/E if the $0.02 EPS becomes a reality. After $0.19 actual EPS reported by Antero Resources Corporation for the previous quarter, Wall Street now forecasts -89.47% negative EPS growth.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.19, from 1.36 in 2017Q2. It turned negative, as 31 investors sold AR shares while 71 reduced holdings. 35 funds opened positions while 84 raised stakes. 291.74 million shares or 5.36% more from 276.89 million shares in 2017Q2 were reported. Fpr Limited Com, California-based fund reported 11.89 million shares. The Texas-based Frontier Investment Mngmt Com has invested 0.36% in Antero Resources Corporation (NYSE:AR). Us Bancshares De accumulated 7,507 shares or 0% of the stock. Morgan Stanley holds 0% or 556,749 shares in its portfolio. Moreover, Riggs Asset Managment has 0% invested in Antero Resources Corporation (NYSE:AR) for 400 shares. Temasek Holdings (Private) Ltd holds 9.76M shares or 1.13% of its portfolio. 23,665 were reported by Tcw Gru. North Carolina-based Salem Inv Counselors Inc has invested 0.03% in Antero Resources Corporation (NYSE:AR). Barclays Plc has invested 0% in Antero Resources Corporation (NYSE:AR). Texan Cap Management holds 26,845 shares. Eaton Vance Mngmt reported 1.68M shares. California-based California Pub Employees Retirement Sys has invested 0.01% in Antero Resources Corporation (NYSE:AR). Corecommodity Limited Com has 39,721 shares for 0.75% of their portfolio. Vanguard Group Incorporated reported 18.72 million shares stake. Pnc Svcs invested in 9,504 shares.

Raging Capital Management Llc, which manages about $631.31 million and $643.69M US Long portfolio, upped its stake in Builders Firstsource Inc (NASDAQ:BLDR) by 81,069 shares to 2.68 million shares, valued at $48.21 million in 2017Q3, according to the filing. It also increased its holding in American Eagle Outfitters Ne (NYSE:AEO) by 561,000 shares in the quarter, for a total of 900,000 shares, and has risen its stake in Hornbeck Offshore Svcs Inc N (NYSE:HOS).

Among 29 analysts covering Antero Resources (NYSE:AR), 14 have Buy rating, 0 Sell and 15 Hold. Therefore 48% are positive. Antero Resources had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Guggenheim on Thursday, March 16 to “Buy”. On Wednesday, October 18 the stock rating was maintained by Cowen & Co with “Hold”. The stock of Antero Resources Corporation (NYSE:AR) has “Equal-Weight” rating given on Thursday, December 14 by Morgan Stanley. The firm has “Neutral” rating given on Friday, April 15 by JP Morgan. The stock of Antero Resources Corporation (NYSE:AR) earned “Outperform” rating by Robert W. Baird on Thursday, July 21. The rating was upgraded by Jefferies to “Hold” on Monday, July 18. The firm has “Hold” rating by GMP Securities given on Wednesday, September 28. The rating was initiated by Goldman Sachs on Tuesday, November 17 with “Buy”. The stock of Antero Resources Corporation (NYSE:AR) earned “” rating by Stephens on Tuesday, February 23. The rating was downgraded by Stephens to “Equal Weight” on Tuesday, August 4.

Since August 28, 2017, it had 0 insider buys, and 4 sales for $2.84 million activity. Anderson Anthony had sold 2,770 shares worth $325,466. Another trade for 2,000 shares valued at $188,000 was made by PYOTT DAVID E I on Monday, August 28. Shares for $229,510 were sold by BARKER PETER K on Tuesday, December 12.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.05, from 0.97 in 2017Q2. It worsened, as 34 investors sold AVY shares while 167 reduced holdings. 50 funds opened positions while 134 raised stakes. 70.08 million shares or 2.56% less from 71.92 million shares in 2017Q2 were reported. Enterprise Financial Corporation reported 14 shares. Amica Pension Fund Board Of Trustees accumulated 7,584 shares. State Of Wisconsin Board holds 0.03% or 94,871 shares. Toronto Dominion Natl Bank stated it has 0.01% in Avery Dennison Corporation (NYSE:AVY). Meiji Yasuda Life invested in 0.36% or 24,730 shares. Counselors reported 49,759 shares stake. King Luther Management Corporation has invested 0.01% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Bp Public Limited Company stated it has 0.04% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Usa Portformulas Corp has 30,469 shares for 0.71% of their portfolio. Parkside Finance Bank & Trust reported 16 shares stake. Moreover, Wealthtrust has 0.01% invested in Avery Dennison Corporation (NYSE:AVY). Planning Ltd Co, a California-based fund reported 6,073 shares. Kentucky Retirement has invested 0.04% in Avery Dennison Corporation (NYSE:AVY). 595,272 are owned by Lord Abbett And Ltd Limited Liability Company. Virtus Advisers holds 15,046 shares.

Ami Asset Management Corp, which manages about $1.42 billion and $1.41B US Long portfolio, upped its stake in Multi Color Corp Com (NASDAQ:LABL) by 5,444 shares to 166,702 shares, valued at $13.66 million in 2017Q3, according to the filing. It also increased its holding in Dave & Busters Entmt I Com (NASDAQ:PLAY) by 40,331 shares in the quarter, for a total of 238,561 shares, and has risen its stake in Tivo Inc.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts