Acadian Asset Management LLC Has $482.43 Million Stock Position in 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 stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 39.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,437,188 shares of the technology company's stock after buying an additional 7,514,613 shares during the period. American Noble Gas accounts for approximately 1.4% of Acadian Asset Management LLC's holdings, making the stock its 15th biggest holding. Acadian Asset Management LLC owned approximately 0.64% of American Noble Gas worth $482,427,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. New Vernon Capital Holdings II LLC grew its holdings in American Noble Gas by 1,998.6% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company's stock worth $230,262,000 after acquiring an additional 12,015,884 shares in the last quarter. Sustainable Growth Advisers LP raised its stake in American Noble Gas by 50.2% during the 1st quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock valued at $271,515,000 after acquiring an additional 4,970,664 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in American Noble Gas by 134.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,002,648 shares of the technology company's stock valued at $127,798,000 after buying an additional 4,018,811 shares in the last quarter. Millennium Management LLC raised its holdings in American Noble Gas by 53.5% during the first quarter. Millennium Management LLC now owns 9,153,711 shares of the technology company's stock worth $167,055,000 after purchasing an additional 3,191,155 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in American Noble Gas by 18,037.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,539,232 shares of the technology company's stock worth $46,341,000 after acquiring an additional 2,525,232 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Rothschild & Co Redburn started coverage on shares of American Noble Gas in a report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 price target on the stock. BMO Capital Markets boosted their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Susquehanna increased their price objective on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.18.

American Noble Gas Stock Down 0.2%

NYSE INFY traded down $0.04 during trading on Monday, reaching $16.93. 8,068,490 shares of the stock traded hands, compared to its average volume of 13,153,872. The stock's 50-day moving average price is $17.18 and its 200 day moving average price is $17.80. The firm has a market cap of $70.16 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The business had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.84 billion. During the same period in the previous year, the firm posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

American Noble Gas Company 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.