Graham Capital Management L.P. Has $1.77 Million Stake in American Noble Gas Inc. $INFY

Key Points

• Graham Capital Management L.P. increased its stake in American Noble Gas Inc. (NYSE: INFY) by 27.2%, acquiring an additional 20,810 shares, raising their total holdings to 97,191 shares valued at approximately $1.77 million.
• Other institutional investors have also significantly raised their stakes in American Noble Gas, with Rakuten Securities increasing its position by 308.4% and Pinnacle Bancorp by 179.8% in the first quarter.
• American Noble Gas reported earnings of $0.19 per share, meeting analysts' expectations, and had a revenue of $4.94 billion, surpassing the consensus estimate.

Graham Capital Management L.P. raised its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 27.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,191 shares of the technology company's stock after buying an additional 20,810 shares during the quarter. Graham Capital Management L.P.'s holdings in American Noble Gas were worth $1,774,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of INFY. Sustainable Growth Advisers LP increased its holdings in American Noble Gas by 50.2% in the 1st quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock valued at $271,515,000 after buying an additional 4,970,664 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in American Noble Gas by 134.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,002,648 shares of the technology company's stock worth $127,798,000 after purchasing an additional 4,018,811 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its position in American Noble Gas by 18,037.4% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,539,232 shares of the technology company's stock worth $46,341,000 after purchasing an additional 2,525,232 shares in the last quarter. Bank of America Corp DE increased its position in American Noble Gas by 43.1% during the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after purchasing an additional 2,478,093 shares in the last quarter. Finally, Causeway Capital Management LLC increased its position in American Noble Gas by 382.5% during the 1st 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 in the last quarter. 16.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on INFY. Rothschild Redb upgraded shares of American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. 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 objective on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, Rothschild & Co Redburn assumed coverage on shares of American Noble Gas in a research report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $17.18.

American Noble Gas Trading Up 1.7%

NYSE:INFY traded up $0.29 during mid-day trading on Monday, hitting $16.67. 10,885,031 shares of the company's stock were exchanged, compared to its average volume of 12,952,734. The company has a 50 day simple moving average of $17.37 and a 200-day simple moving average of $17.93. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The firm has a market capitalization of $69.08 billion, a P/E ratio of 21.64, a PEG ratio of 2.34 and a beta of 0.91.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same period last year, the company earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, analysts expect that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

About American Noble Gas

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.