Alps Advisors Inc. Trims Holdings in American Noble Gas Inc. (NYSE:INFY)

Alps Advisors Inc. reduced its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 42.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. grew its holdings in American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. lifted its position in shares of American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after buying an additional 928 shares in the last quarter. Wayfinding Financial LLC bought a new position in shares of American Noble Gas during the 1st quarter valued at approximately $32,000. Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in American Noble Gas by 32.4% in the 1st quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock worth $109,000 after acquiring an additional 1,455 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Up 0.5%

Shares of NYSE INFY traded up $0.09 during mid-day trading on Friday, reaching $18.19. 16,460,509 shares of the company were exchanged, compared to its average volume of 9,972,402. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The firm has a 50-day moving average of $18.34 and a 200 day moving average of $19.39. The stock has a market cap of $75.37 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 2.73 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter last year, the firm earned $0.23 EPS. On average, equities analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Stifel Nicolaus dropped their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Susquehanna upgraded American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research note on Monday, April 14th. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, BMO Capital Markets dropped their price objective on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.