Institutional investors now have $486 million stake in Advantage Oil & Gas Ltd. (AAV)

Advantage Oil & Gas Ltd. (NYSE:AAV) marched up -8.11% compared to a 52-week low price of $4.63. The shares were last seen trading -9.57% lower, taking the closing price at $4.25 on 12/06/2017. At recent session, the prices were hovering between $4.2 and $4.7. This company shares are 67.76% off its target price of $7.13 and the current market capitalization stands at $790.3M. The recent change has given its price a -22.33% deficit over SMA 50 and -43.71% deficit over its 52-week high. The stock witnessed -26.09% declines, -33.59% declines and -28.57% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AAV’s volatility during a week at 5.32% and during a month it has been found around 3.66%.

Advantage Oil & Gas Ltd. (AAV) Top Holders

Institutional investors currently hold around $486 million or 58% in AAV stock. Look at its top three institutional owners. Burgundy Asset Management Ltd. owns $94.79 million in Advantage Oil & Gas Ltd., which represents roughly 11.99% of the company’s market cap and approximately 19.5% of the institutional ownership. Similar statistics are true for the second largest owner, Mackenzie Financial Corp, which owns 9,918,536 shares of the stock are valued at $46.62 million. The third largest holder is Connor, Clark & Lunn Investment Management Ltd., which currently holds $38.17 million worth of this stock and that ownership represents nearly 4.83% of its market capitalization.

Advantage Oil & Gas Ltd. 13F Filings

At the end of 09/30/2017 reporting period, 44 institutional holders increased their position in Advantage Oil & Gas Ltd. (NYSE:AAV) by some 9,134,522 shares, 43 decreased positions by 7,229,017 and 22 held positions by 86,936,758. That puts total institutional holdings at 103,300,297 shares, according to SEC filings. The stock grabbed 9 new institutional investments totaling 748,465 shares while 9 institutional investors sold out their entire positions totaling 1,390,983 shares.

Advantage Oil & Gas Ltd. (AAV) Analyst Guide

Several analysts have released their opinion on Advantage Oil & Gas Ltd. (NYSE:AAV), with 1 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.17 average brokerage recommendation.

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