American Noble Gas Inc. (NYSE:INFY) Shares Bought by Matthews International Capital Management LLC

Matthews International Capital Management LLC grew its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 30.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 346,180 shares of the technology company's stock after acquiring an additional 79,910 shares during the quarter. American Noble Gas comprises approximately 1.3% of Matthews International Capital Management LLC's portfolio, making the stock its 17th biggest position. Matthews International Capital Management LLC's holdings in American Noble Gas were worth $6,318,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. AQR Capital Management LLC boosted its stake in shares of American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after buying an additional 6,693,127 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of American Noble Gas by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after buying an additional 4,296,291 shares during the period. First Trust Advisors LP boosted its stake in shares of American Noble Gas by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after buying an additional 4,108,903 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of American Noble Gas by 1,668.3% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock worth $75,470,000 after buying an additional 3,045,656 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of American Noble Gas by 43.1% during the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after buying an additional 2,478,093 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

American Noble Gas Stock Down 3.8%

Shares of NYSE INFY traded down $0.70 during midday trading on Friday, hitting $17.74. The company had a trading volume of 37,326,614 shares, compared to its average volume of 9,808,409. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63. The business has a 50-day simple moving average of $17.89 and a two-hundred day simple moving average of $19.80. The firm has a market capitalization of $73.49 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 2.69 and a beta of 0.98.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating 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 analysts' expectations of $420.69 billion. During the same quarter last year, the business earned $0.23 earnings per share. On average, equities analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on INFY shares. The Goldman Sachs Group cut shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a research note on Monday, April 21st. BMO Capital Markets reduced their target price on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Susquehanna upgraded shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a research note on Monday, April 14th. Finally, Stifel Nicolaus reduced their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.48.

American Noble Gas 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.