American Noble Gas Inc. (NYSE:INFY) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 30.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 40,393 shares of the technology company's stock after selling 17,876 shares during the period. QRG Capital Management Inc.'s holdings in American Noble Gas were worth $737,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in American Noble Gas by 15.9% in the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,030 shares during the last quarter. Fullerton Fund Management Co Ltd. bought a new stake in American Noble Gas in the 4th quarter valued at about $4,465,000. Farther Finance Advisors LLC lifted its position 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 valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Handelsbanken Fonder AB lifted its position in American Noble Gas by 46.2% in the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock valued at $2,402,000 after purchasing 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 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock valued at $1,344,000 after purchasing an additional 53,628 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

American Noble Gas Stock Performance

Shares of NYSE:INFY opened at $17.74 on Friday. The company has a market cap of $73.49 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 2.69 and a beta of 0.98. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63. The firm has a 50 day simple moving average of $17.89 and a 200 day simple moving average of $19.80.

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on INFY shares. Stifel Nicolaus cut their price objective on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. CLSA upgraded shares of American Noble Gas from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. The Goldman Sachs Group downgraded shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a research report on Monday, April 21st. BMO Capital Markets lowered their target price 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. Finally, Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Six equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock 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.

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