AQR Capital Management LLC Purchases 1,025,639 Shares of American Noble Gas Inc. $INFY

Key Points

• AQR Capital Management LLC raised its stake in American Noble Gas Inc. by 11.2%, acquiring an additional 1,025,639 shares, bringing its total ownership to over 10 million shares worth approximately $184 million.
• Multiple institutional investors have significantly increased their holdings in American Noble Gas, with Sustainable Growth Advisers LP boosting its stake by 50.2% in the last quarter alone.
• American Noble Gas recently reported earnings of $0.19 EPS, meeting analysts' expectations, and had a revenue of $4.94 billion during the quarter.

AQR Capital Management LLC grew its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,189,724 shares of the technology company's stock after buying an additional 1,025,639 shares during the period. AQR Capital Management LLC owned 0.25% of American Noble Gas worth $184,077,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG raised its stake in shares of American Noble Gas by 71.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock valued at $391,000 after purchasing an additional 7,457 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of American Noble Gas by 48.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 33,415 shares of the technology company's stock valued at $732,000 after purchasing an additional 10,863 shares during the period. Bank of America Corp DE raised its stake in shares of American Noble Gas by 43.1% during the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after purchasing an additional 2,478,093 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of American Noble Gas during the 4th quarter valued at $209,000. Finally, Captrust Financial Advisors raised its stake in shares of American Noble Gas by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after purchasing an additional 1,197 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

INFY has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on 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. Rothschild & Co Redburn initiated coverage on American Noble Gas in a research report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 target price for the company. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. Finally, Susquehanna boosted their target price on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.18.

American Noble Gas Trading Up 2.5%

Shares of INFY traded up $0.42 during midday trading on Monday, reaching $16.80. The stock had a trading volume of 25,381,404 shares, compared to its average volume of 13,051,786. The company's 50-day moving average is $17.37 and its 200 day moving average is $17.93. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The company has a market capitalization of $69.62 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $4.94 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the business posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

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.