American Noble Gas Inc. $INFY Shares Sold by Erste Asset Management GmbH

Key Points

• Erste Asset Management GmbH significantly reduced its stake in American Noble Gas Inc. by 80.5%, selling 413,000 shares and leaving them with 100,000 shares valued at $1.8 million.
• Several other institutional investors increased their holdings in American Noble Gas, with Robeco Institutional Asset Management B.V. and Sustainable Growth Advisers LP growing their positions by 6.6% and 50.2%, respectively.
• American Noble Gas reported earnings of $0.19 per share, matching analysts' expectations, and had a strong revenue of $4.94 billion for the quarter.

Erste Asset Management GmbH cut its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 80.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 100,000 shares of the technology company's stock after selling 413,000 shares during the quarter. Erste Asset Management GmbH's holdings in American Noble Gas were worth $1,817,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position in American Noble Gas by 6.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company's stock worth $502,636,000 after buying an additional 1,700,662 shares during the period. Sustainable Growth Advisers LP grew its holdings in shares of American Noble Gas by 50.2% in the 1st 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 during the period. AQR Capital Management LLC grew its holdings in shares of American Noble Gas by 270.9% in the 4th 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 during the period. Bank of America Corp DE grew its holdings in shares of American Noble Gas by 43.1% in the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after acquiring an additional 2,478,093 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of American Noble Gas by 16.6% in the 4th quarter. BNP Paribas Financial Markets now owns 7,081,860 shares of the technology company's stock worth $155,234,000 after acquiring an additional 1,009,323 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

American Noble Gas Price Performance

American Noble Gas stock opened at $17.0360 on Friday. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The firm's 50-day moving average is $17.69 and its two-hundred day moving average is $18.35. The stock has a market capitalization of $70.59 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.43 and a beta of 0.87.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter last year, the business earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BMO Capital Markets upped their target price on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Susquehanna increased their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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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