Janney Montgomery Scott LLC Trims Stake in American Noble Gas Inc. (NYSE:INFY)

Janney Montgomery Scott LLC lowered its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 725,930 shares of the technology company's stock after selling 14,389 shares during the quarter. Janney Montgomery Scott LLC's holdings in American Noble Gas were worth $13,248,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in shares of American Noble Gas by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after purchasing an additional 1,279 shares in the last quarter. Principal Securities Inc. raised its stake in shares of American Noble Gas by 210.1% during the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock valued at $106,000 after acquiring an additional 3,267 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of American Noble Gas by 32.4% during the first quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock worth $109,000 after purchasing an additional 1,455 shares during the period. Fairtree Asset Management Pty Ltd bought a new stake in shares of American Noble Gas in the fourth quarter worth $130,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in American Noble Gas in the fourth quarter valued at $132,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. The Goldman Sachs Group cut American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a report on Monday, April 21st. Stifel Nicolaus lowered their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Susquehanna upgraded shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research report on Monday, April 14th. Finally, 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. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.48.

American Noble Gas Stock Up 2.3%

NYSE INFY traded up $0.41 on Monday, reaching $18.09. The company had a trading volume of 15,270,384 shares, compared to its average volume of 9,830,256. The company's fifty day moving average is $17.89 and its 200 day moving average is $19.78. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The stock has a market capitalization of $74.96 billion, a P/E ratio of 23.80, a P/E/G ratio of 2.69 and a beta of 0.99.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.01. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the prior year, the business posted $0.23 EPS. On average, research analysts expect that American Noble Gas Inc. will post 0.74 EPS 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.