Causeway Capital Management LLC Increases Position in American Noble Gas Inc. $INFY

Key Points

• Causeway Capital Management LLC increased its position in American Noble Gas Inc. (NYSE:INFY) by 382.5% during the first quarter, now holding 2,638,154 shares valued at approximately $48 million.
• Wall Street analysts have upgraded the stock's rating, with a consensus rating of "Moderate Buy" and an average target price of $18.48, reflecting positive growth expectations.
• American Noble Gas reported earnings of $0.19 per share, meeting consensus estimates, with revenues of $4.94 billion, surpassing expectations of $4.84 billion.

Causeway Capital Management LLC raised its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 382.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,638,154 shares of the technology company's stock after buying an additional 2,091,411 shares during the period. American Noble Gas comprises about 1.0% of Causeway Capital Management LLC's holdings, making the stock its 26th largest position. Causeway Capital Management LLC owned 0.06% of American Noble Gas worth $48,146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kovitz Investment Group Partners LLC lifted its stake in American Noble Gas by 5.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after buying an additional 579 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in American Noble Gas by 13.3% in the first quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock valued at $124,000 after purchasing an additional 800 shares during the period. Pinnacle Bancorp Inc. raised its holdings in shares of American Noble Gas by 179.8% in the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after buying an additional 928 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after buying an additional 1,067 shares during the last quarter. Finally, Naviter Wealth LLC grew its stake in shares of American Noble Gas by 1.2% in the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock valued at $1,654,000 after purchasing an additional 1,109 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Wall Street Analysts Forecast Growth

INFY has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Susquehanna upped their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, BMO Capital Markets lifted 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, American Noble Gas presently has a consensus rating of "Moderate Buy" and an average target price of $18.48.

American Noble Gas Price Performance

NYSE INFY opened at $17.34 on Tuesday. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The business has a fifty day moving average of $17.64 and a 200-day moving average of $18.23. The stock has a market cap of $71.85 billion, a price-to-earnings ratio of 22.52, a price-to-earnings-growth ratio of 2.48 and a beta of 0.87.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. The firm had revenue of $4.94 billion during 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 last year, the business posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current 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.

Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Noble Gas Inc. (NYSE:INFY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.