Haven Global Partners LLC reduced its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 9.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 167,691 shares of the technology company's stock after selling 18,337 shares during the quarter. American Noble Gas comprises approximately 3.2% of Haven Global Partners LLC's holdings, making the stock its 8th largest holding. Haven Global Partners LLC's holdings in American Noble Gas were worth $3,060,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of American Noble Gas by 15.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after acquiring an additional 1,030 shares during the last quarter. Fullerton Fund Management Co Ltd. bought a new position in shares of American Noble Gas during the 4th quarter valued at approximately $4,465,000. Farther Finance Advisors LLC lifted its position in American Noble Gas by 69.7% in the fourth 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. Handelsbanken Fonder AB lifted its position in American Noble Gas by 46.2% in the first quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock worth $2,402,000 after buying an additional 41,592 shares during the last quarter. Finally, Union Bancaire Privee UBP SA lifted its position in American Noble Gas by 224.5% in the first quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock worth $1,344,000 after buying an additional 53,628 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.
American Noble Gas Stock Performance
INFY stock traded down $0.08 during midday trading on Friday, reaching $18.52. The company's stock had a trading volume of 13,502,056 shares, compared to its average volume of 9,892,977. The stock has a fifty day simple moving average of $18.07 and a two-hundred day simple moving average of $19.61. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The firm has a market capitalization of $76.76 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.82 and a beta of 0.99.
American Noble Gas (NYSE:INFY - Get Free Report) last released its earnings results 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 business had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same quarter last year, the firm posted $0.23 earnings per share. As a group, analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently issued reports on INFY. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. CLSA upgraded American Noble Gas from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. The Goldman Sachs Group downgraded American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a research report on Monday, April 21st. Finally, Stifel Nicolaus lowered their price target on 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. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.48.
Read Our Latest Research Report on American Noble Gas
About American Noble Gas
(
Free Report)
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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