Aigen Investment Management LP Increases Stake in American Noble Gas Inc. (NYSE:INFY)

Key Points

• Aigen Investment Management LP significantly increased its stake in American Noble Gas Inc. by 1,102.6% during the first quarter, holding a total of 178,097 shares now valued at approximately $3.25 million.
• Several hedge funds also boosted their holdings in American Noble Gas, with AQR Capital Management increasing its stake by 270.9% and OVERSEA CHINESE BANKING Corp Ltd. by 18,037.4% during the same period.
• American Noble Gas reported earnings of $0.19 per share, matching analyst expectations, and has a current market cap of $66.26 billion with a stock price of $15.99.

Aigen Investment Management LP lifted its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 1,102.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,097 shares of the technology company's stock after buying an additional 163,288 shares during the quarter. American Noble Gas comprises 0.5% of Aigen Investment Management LP's portfolio, making the stock its 29th largest position. Aigen Investment Management LP's holdings in American Noble Gas were worth $3,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of INFY. AQR Capital Management LLC boosted its stake in American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after acquiring an additional 6,693,127 shares in the last quarter. Sustainable Growth Advisers LP boosted its stake in American Noble Gas by 50.2% during the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock worth $271,515,000 after acquiring an additional 4,970,664 shares in the last quarter. First Trust Advisors LP boosted its stake in American Noble Gas by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after acquiring an additional 4,108,903 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in American Noble Gas by 134.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,002,648 shares of the technology company's stock worth $127,798,000 after acquiring an additional 4,018,811 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake 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 in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Down 0.2%

NYSE:INFY opened at $15.99 on Friday. The stock has a market cap of $66.26 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.29 and a beta of 0.87. The company's 50 day moving average price is $18.01 and its 200-day moving average price is $18.66. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.84 billion. During the same quarter last year, the company posted $15.35 earnings per share. As a group, sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

INFY has been the topic of several research reports. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Stifel Nicolaus dropped their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. BMO Capital Markets increased their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. The Goldman Sachs Group cut shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. Finally, Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.48.

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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