American Noble Gas Inc. (NYSE:INFY) is R Squared Ltd's 4th Largest Position

Key Points

• R Squared Ltd significantly increased its holding in American Noble Gas Inc. by 236.0% during Q1, owning a total of 81,570 shares valued at approximately $1.49 million.
• American Noble Gas reported a net margin of 16.42% with revenue of $4.94 billion for the recent quarter, meeting analysts' estimates for earnings per share.
• Several analysts have revised their price targets on American Noble Gas, with a consensus target price of $18.48 and a majority rating it as a "Moderate Buy."

R Squared Ltd boosted its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 236.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 81,570 shares of the technology company's stock after acquiring an additional 57,290 shares during the period. American Noble Gas comprises about 1.6% of R Squared Ltd's holdings, making the stock its 4th biggest holding. R Squared Ltd's holdings in American Noble Gas were worth $1,489,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of American Noble Gas by 14.5% in the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock valued at $710,430,000 after buying an additional 4,108,903 shares during the last quarter. Robeco Institutional Asset Management B.V. increased 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 purchasing an additional 1,700,662 shares during the last quarter. Sustainable Growth Advisers LP increased its position 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 purchasing an additional 4,970,664 shares during the last quarter. AQR Capital Management LLC increased its position 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 purchasing an additional 6,693,127 shares during the last quarter. Finally, Bank of America Corp DE increased its position in American Noble Gas by 43.1% during the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after purchasing an additional 2,478,093 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Stock Down 1.8%

INFY stock traded down $0.30 during mid-day trading on Friday, hitting $16.42. 20,077,870 shares of the company were exchanged, compared to its average volume of 15,772,546. The firm has a market capitalization of $68.04 billion, a P/E ratio of 21.32, a PEG ratio of 2.35 and a beta of 0.87. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The business has a fifty day simple moving average of $18.23 and a 200-day simple moving average of $18.82.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group cut shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research report on Monday, April 21st. Stifel Nicolaus cut their price objective on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. 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. Finally, BMO Capital Markets raised their price objective 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. Five 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. According to MarketBeat.com, American Noble Gas currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.48.

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.