Acadian Asset Management LLC Acquires 7,514,613 Shares of American Noble Gas Inc. $INFY

Key Points

• Acadian Asset Management LLC increased its stake in American Noble Gas by 39.7% in Q1, acquiring over 7.5 million shares, making it the firm's 15th largest holding.
• Other institutional investors, including Trexquant Investment LP and Principal Financial Group Inc., significantly increased their holdings in American Noble Gas, with increases of 263.1% and 272.8%, respectively.
• American Noble Gas reported earnings of $0.19 per share for the last quarter, matching analysts' expectations, and had a revenue of $4.94 billion, surpassing forecasts.

Acadian Asset Management LLC grew its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 39.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,437,188 shares of the technology company's stock after acquiring an additional 7,514,613 shares during the quarter. American Noble Gas accounts for about 1.4% of Acadian Asset Management LLC's investment portfolio, making the stock its 15th largest holding. Acadian Asset Management LLC owned about 0.64% of American Noble Gas worth $482,427,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Trexquant Investment LP grew its holdings in shares of American Noble Gas by 263.1% during the first quarter. Trexquant Investment LP now owns 1,403,219 shares of the technology company's stock worth $25,609,000 after buying an additional 1,016,742 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of American Noble Gas by 46.2% during the first quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock worth $2,402,000 after buying an additional 41,592 shares in the last quarter. Union Bancaire Privee UBP SA grew its holdings in shares of American Noble Gas by 224.5% during the first quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock worth $1,344,000 after buying an additional 53,628 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of American Noble Gas by 272.8% during the first quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock worth $2,782,000 after buying an additional 111,553 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of American Noble Gas by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock worth $502,000 after buying an additional 1,197 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

American Noble Gas Trading Up 1.4%

Shares of NYSE INFY opened at $17.02 on Wednesday. The firm has a market cap of $70.55 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.40 and a beta of 0.91. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The business's 50 day moving average is $17.30 and its 200-day moving average is $17.90.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.During the same quarter last year, the company earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. Analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Susquehanna raised their price objective on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Rothschild & Co Redburn began coverage on American Noble Gas in a research report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $17.18.

American Noble Gas Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.

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