Bayforest Capital Ltd Raises Position in American Noble Gas Inc. (NYSE:INFY)

Bayforest Capital Ltd increased its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 290.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,746 shares of the technology company's stock after purchasing an additional 41,454 shares during the period. American Noble Gas makes up about 0.5% of Bayforest Capital Ltd's portfolio, making the stock its 27th biggest holding. Bayforest Capital Ltd's holdings in American Noble Gas were worth $1,017,000 at the end of the most recent reporting period.

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

American Noble Gas Stock Down 1.5%

Shares of NYSE INFY traded down $0.26 during trading on Wednesday, reaching $16.95. The company had a trading volume of 13,278,791 shares, compared to its average volume of 13,993,128. The company's fifty day moving average price is $18.29 and its 200-day moving average price is $18.95. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The stock has a market cap of $70.23 billion, a P/E ratio of 22.01, a PEG ratio of 2.47 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $15.35 EPS. As a group, equities analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

INFY has been the topic of several recent analyst reports. Stifel Nicolaus decreased their price target 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. BMO Capital Markets lifted their price target on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Susquehanna boosted their price objective 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. The Goldman Sachs Group lowered 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. Finally, Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.48.

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.