Canada Pension Plan Investment Board Sells 4,401,800 Shares of American Noble Gas Inc. $INFY

Key Points

• Canada Pension Plan Investment Board has significantly reduced its stake in American Noble Gas Inc. by 84.8%, now holding 788,112 shares worth approximately $14.4 million after selling over 4.4 million shares.
• In contrast, other investors such as KLP Kapitalforvaltning AS and Pinnacle Bancorp Inc. have increased their holdings in American Noble Gas, indicating varying confidence levels among institutional investors.
• American Noble Gas has recently received positive ratings upgrades from various brokerages, highlighting a shift in investor sentiment with an average target price now set at $18.48.

Canada Pension Plan Investment Board lessened its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 84.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 788,112 shares of the technology company's stock after selling 4,401,800 shares during the quarter. Canada Pension Plan Investment Board's holdings in American Noble Gas were worth $14,383,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of INFY. Trexquant Investment LP raised its position in shares of American Noble Gas by 263.1% in the 1st quarter. Trexquant Investment LP now owns 1,403,219 shares of the technology company's stock valued at $25,609,000 after buying an additional 1,016,742 shares in the last quarter. B. Metzler seel. Sohn & Co. AG increased its stake in American Noble Gas by 5.4% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 284,612 shares of the technology company's stock valued at $5,194,000 after acquiring an additional 14,539 shares during the last quarter. FORA Capital LLC acquired a new position in American Noble Gas during the first quarter valued at approximately $3,919,000. Causeway Capital Management LLC lifted its stake in American Noble Gas by 382.5% during the first quarter. Causeway Capital Management LLC now owns 2,638,154 shares of the technology company's stock worth $48,146,000 after purchasing an additional 2,091,411 shares during the last quarter. Finally, Skerryvore Asset Management Ltd lifted its stake in American Noble Gas by 43.3% during the first quarter. Skerryvore Asset Management Ltd now owns 152,604 shares of the technology company's stock worth $2,785,000 after purchasing an additional 46,122 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

American Noble Gas Trading Down 1.3%

NYSE:INFY traded down $0.22 during trading hours on Friday, hitting $16.38. 23,401,898 shares of the company were exchanged, compared to its average volume of 17,999,928. The stock has a market capitalization of $67.88 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63. The company has a fifty day simple moving average of $17.37 and a 200 day simple moving average of $17.93.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the previous year, the company posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Equities research analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. 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. Rothschild & Co Redburn began coverage on American Noble Gas in a research report on Wednesday. They issued a "sell" rating and a $12.00 target price on the stock. 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 note on Thursday, July 24th. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Rothschild Redb raised American Noble Gas to a "strong sell" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $17.18.

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.