AQR Capital Management LLC Acquires 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 increased its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 11.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,189,724 shares of the technology company's stock after purchasing an additional 1,025,639 shares during the quarter. AQR Capital Management LLC owned 0.25% of American Noble Gas worth $184,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its position in American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. grew its holdings in American Noble Gas by 179.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after acquiring an additional 928 shares during the last quarter. Wayfinding Financial LLC bought a new stake in American Noble Gas in the 1st quarter worth $32,000. Cullen Frost Bankers Inc. bought a new stake in American Noble Gas in the 1st quarter worth $57,000. Finally, Banque Cantonale Vaudoise bought a new stake in American Noble Gas in the 1st quarter worth $86,000. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Up 1.4%

Shares of INFY traded up $0.24 during trading hours on Tuesday, reaching $17.03. 5,765,884 shares of the company traded hands, compared to its average volume of 13,008,067. The company's fifty day moving average price is $17.34 and its two-hundred day moving average price is $17.90. The company has a market capitalization of $70.54 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63.

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 for the quarter, meeting analysts' consensus estimates of $0.19. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. During the same quarter in the previous year, the firm posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. On average, analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Rothschild Redb raised shares of American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Susquehanna raised their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. Rothschild & Co Redburn assumed coverage on shares of American Noble Gas in a report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price target on the stock. Finally, BMO Capital Markets raised their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $17.18.

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.