Bayforest Capital Ltd Buys 41,454 Shares of American Noble Gas Inc. (NYSE:INFY)

Bayforest Capital Ltd boosted its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 290.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,746 shares of the technology company's stock after buying an additional 41,454 shares during the quarter. American Noble Gas makes up 0.5% of Bayforest Capital Ltd's holdings, making the stock its 27th biggest holding. Bayforest Capital Ltd's holdings in American Noble Gas were worth $1,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd increased its stake in shares of American Noble Gas by 109.2% in the first quarter. XTX Topco Ltd now owns 62,438 shares of the technology company's stock valued at $1,139,000 after buying an additional 32,595 shares during the period. Banque Cantonale Vaudoise bought a new stake in American Noble Gas during the 1st quarter worth approximately $86,000. Mackenzie Financial Corp raised its stake in shares of American Noble Gas by 154.3% during the first quarter. Mackenzie Financial Corp now owns 1,178,557 shares of the technology company's stock valued at $21,509,000 after acquiring an additional 715,055 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of American Noble Gas by 21.1% during the first quarter. LPL Financial LLC now owns 292,857 shares of the technology company's stock worth $5,345,000 after purchasing an additional 50,930 shares during the period. Finally, Assetmark Inc. grew its stake in shares of American Noble Gas by 6.6% in the first quarter. Assetmark Inc. now owns 55,094 shares of the technology company's stock worth $1,005,000 after purchasing an additional 3,416 shares during the last quarter. Institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on INFY. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Stifel Nicolaus cut their price objective on American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. BMO Capital Markets upped their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Finally, Susquehanna boosted their price objective on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Five equities research 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.48.

American Noble Gas Stock Performance

INFY traded down $0.30 during mid-day trading on Friday, reaching $16.42. 20,077,870 shares of the stock were exchanged, compared to its average volume of 14,768,626. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The stock has a market capitalization of $68.04 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 2.39 and a beta of 0.87. The company has a 50 day moving average price of $18.23 and a two-hundred day moving average price of $18.86.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly 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. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same period last year, the firm earned $15.35 earnings per share. Sell-side analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

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.