Bayforest Capital Ltd Purchases 41,454 Shares of American Noble Gas Inc. $INFY

Key Points

• Bayforest Capital Ltd increased its stake in American Noble Gas Inc. by 290.1%, acquiring an additional 41,454 shares, bringing its total holdings to 55,746 shares valued at approximately $1,017,000.
• Several institutional investors have made significant investments in American Noble Gas during the first quarter, with Rakuten Securities increasing its position by 308.4% and Pinnacle Bancorp raising its stake by 179.8%.
• The stock of American Noble Gas has a market cap of $69.59 billion and a PE ratio of 21.81, with the latest earnings report showing $0.19 earnings per share, meeting analysts' expectations.

Bayforest Capital Ltd raised its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 290.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,746 shares of the technology company's stock after buying an additional 41,454 shares during the quarter. Bayforest Capital Ltd's holdings in American Noble Gas were worth $1,017,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of INFY. New Vernon Capital Holdings II LLC increased its holdings in American Noble Gas by 1,998.6% in the 1st quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company's stock valued at $230,262,000 after buying an additional 12,015,884 shares during the period. Sustainable Growth Advisers LP grew its position in American Noble Gas by 50.2% in the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock valued at $271,515,000 after acquiring an additional 4,970,664 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in American Noble Gas by 134.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,002,648 shares of the technology company's stock valued at $127,798,000 after acquiring an additional 4,018,811 shares during the period. Millennium Management LLC grew its position in American Noble Gas by 53.5% in the first quarter. Millennium Management LLC now owns 9,153,711 shares of the technology company's stock valued at $167,055,000 after acquiring an additional 3,191,155 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in American Noble Gas by 18,037.4% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,539,232 shares of the technology company's stock valued at $46,341,000 after acquiring an additional 2,525,232 shares during the period. Institutional investors own 16.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. Susquehanna upped their price target on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their price target on 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, Rothschild & Co Redburn assumed coverage on American Noble Gas in a research report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.18.

American Noble Gas Price Performance

Shares of INFY stock traded down $0.09 during trading hours on Friday, hitting $16.99. 12,966,767 shares of the company's stock were exchanged, compared to its average volume of 18,181,430. The stock's 50-day moving average is $17.18 and its 200-day moving average is $17.82. The stock has a market cap of $70.41 billion, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 2.44 and a beta of 0.91. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week 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 EPS for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $4.94 billion for 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 quarter in the prior year, the business earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. Equities research analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share 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.