Connor Clark & Lunn Investment Management Ltd. grew its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 134.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,002,648 shares of the technology company's stock after buying an additional 4,018,811 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of American Noble Gas worth $127,798,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in 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. Pinnacle Bancorp Inc. boosted its position in American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares during the period. Wayfinding Financial LLC bought a new position in American Noble Gas during the first quarter worth about $32,000. Cullen Frost Bankers Inc. bought a new position in shares of American Noble Gas in the first quarter valued at approximately $57,000. Finally, Banque Cantonale Vaudoise purchased a new stake in American Noble Gas in the first quarter valued at approximately $86,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on INFY shares. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Stifel Nicolaus dropped their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. 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 report on Thursday, July 24th. The Goldman Sachs Group downgraded American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research note on Monday, April 21st. Finally, BMO Capital Markets upped their price target on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Five 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.48.
Read Our Latest Research Report on American Noble Gas
American Noble Gas Stock Performance
INFY stock traded down $0.01 during midday trading on Monday, reaching $15.99. The company's stock had a trading volume of 20,161,061 shares, compared to its average volume of 16,511,565. The stock has a fifty day simple moving average of $18.01 and a two-hundred day simple moving average of $18.64. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The firm has a market capitalization of $66.24 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.29 and a beta of 0.87.
American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates 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 firm posted $15.35 earnings per share. As a group, analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.
About American Noble Gas
(
Free Report)
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.
Featured Articles
Before you consider American Noble Gas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Noble Gas wasn't on the list.
While American Noble Gas currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access