Alps Advisors Inc. Cuts Stock Position in American Noble Gas Inc. (NYSE:INFY)

Alps Advisors Inc. lessened its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 42.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 503,329 shares of the technology company's stock after selling 377,290 shares during the quarter. Alps Advisors Inc.'s holdings in American Noble Gas were worth $9,186,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Rakuten Securities Inc. lifted its stake in shares of American Noble Gas by 308.4% during the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. lifted its position in American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after buying an additional 928 shares during the period. Wayfinding Financial LLC acquired a new stake in American Noble Gas in the 1st quarter worth about $32,000. Farther Finance Advisors LLC boosted its stake in American Noble Gas by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after buying an additional 1,279 shares during the last quarter. Finally, Fairtree Asset Management Pty Ltd purchased a new stake in American Noble Gas in the 4th quarter valued at about $130,000. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Stock Down 1.0%

Shares of INFY stock traded down $0.18 during mid-day trading on Monday, reaching $18.01. The company's stock had a trading volume of 14,490,085 shares, compared to its average volume of 11,584,325. The company's 50 day simple moving average is $18.34 and its 200-day simple moving average is $19.32. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The firm has a market capitalization of $74.62 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.73 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter last year, the firm posted $0.23 EPS. As a group, research analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

INFY has been the topic of several recent analyst reports. Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. BMO Capital Markets cut their price target on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Susquehanna raised shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research note on Monday, April 14th. Stifel Nicolaus cut their price target 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. Finally, The Goldman Sachs Group downgraded 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 research note on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.48.

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.