Sound Shore Management Increased Antero Resources (AR) Position By $15.61 Million; Jana Partners Has Boosted Northrop Grumman (NOC) Position By $17.26 Million

June 22, 2018 - By Clifton Ray

Antero Resources Corporation (NYSE:AR) Logo

Jana Partners Llc increased Northrop Grumman Corp (NOC) stake by 17.91% reported in 2018Q1 SEC filing. Jana Partners Llc acquired 49,463 shares as Northrop Grumman Corp (NOC)’s stock declined 6.52%. The Jana Partners Llc holds 325,567 shares with $113.66M value, up from 276,104 last quarter. Northrop Grumman Corp now has $54.44B valuation. The stock decreased 0.41% or $1.28 during the last trading session, reaching $312.17. About 469,730 shares traded. Northrop Grumman Corporation (NYSE:NOC) has risen 29.40% since June 22, 2017 and is uptrending. It has outperformed by 16.83% the S&P500. Some Historical NOC News: 25/04/2018 – NORTHROP GRUMMAN 1Q EPS $4.21; 17/05/2018 – S&P ASSIGNS NORTHROP GRUMMAN ‘A-2’ SHORT-TERM RATING; 09/03/2018 – Orbital/Northrop expected to close in first half of 2018 sans divests; 25/04/2018 – Northrop Grumman Releases First Quarter 2018 Financial Results; 25/04/2018 – Northrop Grumman 1Q Segment Operating Income $762M; 28/03/2018 – Northrop Grumman: Poland Is First International Partner Country to Purchase the IBCS; 25/04/2018 – Northrop Grumman Sees FY EPS $15.40-EPS $15.65; 05/04/2018 – U.S. STATE DEPARTMENT HAS APPROVED POSSIBLE $2.5 BLN SALE OF TRITON UNMANNED AIRCRAFT SYSTEMS TO GERMANY -PENTAGON; 28/03/2018 – Poland Signs Agreement to Purchase Northrop Grumman’s Integrated Air and Missile Defense Battle Command System; 19/04/2018 – DJ Northrop Grumman Corporation, Inst Holders, 1Q 2018 (NOC)

Sound Shore Management Inc increased Antero Resources Corporation (AR) stake by 7.61% reported in 2018Q1 SEC filing. Sound Shore Management Inc acquired 821,751 shares as Antero Resources Corporation (AR)’s stock declined 4.65%. The Sound Shore Management Inc holds 11.62M shares with $230.67 million value, up from 10.80M last quarter. Antero Resources Corporation now has $6.64B valuation. The stock increased 1.17% or $0.2433 during the last trading session, reaching $20.9533. About 1.58 million shares traded. Antero Resources Corporation (NYSE:AR) has declined 13.86% since June 22, 2017 and is downtrending. It has underperformed by 26.43% the S&P500. Some Historical AR News: 26/03/2018 – ANTERO RESOURCES CORP AR.N SAYS LOOKING TO SELF; 18/04/2018 – Antero Midstream and AMGP Announce First Quarter 2018 Distributions; 29/03/2018 – ExponentTelegram: Antero Resources: Investing in the future of West Virginia; 26/03/2018 – ANTERO RESOURCES CORP AR.N SAYS HAVE ALL COMPLETION CREW SERVICE NEEDS ‘LOCKED DOWN’ FOR NEXT YEAR; 26/04/2018 – ANTERO EXPECTS TO SEE GAS PRICE OF 0-5C/MMMBTU PREMIUM TO NYMEX; 25/04/2018 – Antero Resources 1Q Rev $1.03B; 26/03/2018 – ANTERO RESOURCES CORP AR.N SAYS LOOKING TO SELF-SOURCE SAND; 24/04/2018 – Antero Resources Short-Interest Ratio Rises 10% to 11 Days; 25/04/2018 – CNBC Wires: Antero Resources: 1Q Earnings Snapshot; 29/03/2018 – Antero Resources Closes Above 200-Day Moving Average

Among 20 analysts covering Northrop Grumman (NYSE:NOC), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Northrop Grumman had 66 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Friday, August 4 by Argus Research. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. On Thursday, October 29 the stock rating was maintained by RBC Capital Markets with “Outperform”. On Friday, October 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Neutral” rating by Credit Suisse given on Thursday, April 26. The rating was maintained by Argus Research with “Buy” on Thursday, November 12. The rating was upgraded by JP Morgan on Monday, October 12 to “Neutral”. Stifel Nicolaus maintained the shares of NOC in report on Monday, January 8 with “Hold” rating. RBC Capital Markets maintained it with “Buy” rating and $324.0 target in Sunday, October 8 report. As per Friday, June 2, the company rating was maintained by RBC Capital Markets.

Since February 13, 2018, it had 0 insider buys, and 9 insider sales for $6.82 million activity. $856,902 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Pamiljans Janis G. Shares for $457,747 were sold by Hardesty Michael A. Peppard Denise M. also sold $1.31M worth of Northrop Grumman Corporation (NYSE:NOC) on Monday, February 26.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.10, from 0.98 in 2017Q4. It worsened, as 57 investors sold NOC shares while 306 reduced holdings. 89 funds opened positions while 232 raised stakes. 137.81 million shares or 0.54% more from 137.07 million shares in 2017Q4 were reported. Modera Wealth Management Ltd holds 0.11% of its portfolio in Northrop Grumman Corporation (NYSE:NOC) for 1,533 shares. Sumitomo Mitsui Asset Com Ltd accumulated 0.06% or 11,659 shares. Peregrine Asset Advisers invested 0.49% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Ancora Advisors Limited Liability Corporation reported 3,106 shares. Washington Natl Bank stated it has 1,134 shares. West Oak Cap Limited Liability Corporation holds 183 shares. Sun Life Fincl invested in 276 shares or 0% of the stock. Moore Cap Management LP reported 0.94% in Northrop Grumman Corporation (NYSE:NOC). Carroll Associate Incorporated holds 191 shares or 0.01% of its portfolio. New Mexico-based New Mexico Educational Retirement Board has invested 0.22% in Northrop Grumman Corporation (NYSE:NOC). Beach Invest Counsel Pa has 1,000 shares for 0.04% of their portfolio. C M Bidwell & Assoc Ltd holds 0.26% or 822 shares in its portfolio. Natixis has 176,309 shares. Campbell Newman Asset Mngmt stated it has 0.03% of its portfolio in Northrop Grumman Corporation (NYSE:NOC). Gabelli Funds Lc accumulated 23,500 shares.

More notable recent Northrop Grumman Corporation (NYSE:NOC) news were published by: Investorplace.com which released: “Lockheed Martin Wins $365M Deal for its Missiles Programs” on June 22, 2018, also Globenewswire.com with their article: “Northrop Grumman to Redeem Orbital ATK Debt” published on June 11, 2018, Seekingalpha.com published: “Northrop Grumman: Combined Business Well-Positioned To Grow” on June 13, 2018. More interesting news about Northrop Grumman Corporation (NYSE:NOC) were released by: Investorplace.com and their article: “3 Reasons to Buy Lockheed Martin Stock on Weakness” published on June 21, 2018 as well as Fool.com‘s news article titled: “How Lockheed Shaved $3 Billion Off F-35 Costs” with publication date: June 20, 2018.

Since March 2, 2018, it had 0 insider purchases, and 2 insider sales for $97,325 activity. On Tuesday, May 1 Yoo K. Phil sold $47,325 worth of Antero Resources Corporation (NYSE:AR) or 2,500 shares.

Among 29 analysts covering Antero Resources (NYSE:AR), 13 have Buy rating, 0 Sell and 16 Hold. Therefore 45% are positive. Antero Resources had 106 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley initiated the shares of AR in report on Thursday, March 24 with “Equal-Weight” rating. The rating was reinitiated by GMP Securities with “Hold” on Wednesday, September 28. The rating was maintained by Barclays Capital with “Overweight” on Thursday, July 14. The rating was downgraded by Barclays Capital to “Equal-Weight” on Monday, November 20. Raymond James maintained the stock with “Outperform” rating in Monday, September 21 report. As per Friday, January 19, the company rating was maintained by MUFG Securities Americas Inc. Morgan Stanley maintained Antero Resources Corporation (NYSE:AR) rating on Friday, April 20. Morgan Stanley has “Equal-Weight” rating and $22 target. The stock has “Hold” rating by Deutsche Bank on Wednesday, August 5. The firm has “Strong Buy” rating given on Tuesday, January 3 by Raymond James. The company was downgraded on Tuesday, February 23 by Stephens.

Northrop Grumman Corporation (NYSE:NOC) Institutional Positions Chart

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