Matthews International Capital Management LLC grew its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 346,180 shares of the technology company's stock after acquiring an additional 79,910 shares during the quarter. American Noble Gas comprises 1.3% of Matthews International Capital Management LLC's holdings, making the stock its 17th largest position. Matthews International Capital Management LLC's holdings in American Noble Gas were worth $6,318,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after purchasing an additional 1,067 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of American Noble Gas in the fourth quarter valued at approximately $29,000. Farther Finance Advisors LLC lifted its position in 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 worth $68,000 after buying an additional 1,279 shares in the last quarter. Principal Securities Inc. lifted its position in American Noble Gas by 210.1% during the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after buying an additional 3,267 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in 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 buying an additional 1,455 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.
American Noble Gas Price Performance
Shares of INFY stock traded down $0.22 during trading on Thursday, reaching $18.45. The company's stock had a trading volume of 10,915,918 shares, compared to its average volume of 9,780,538. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The stock's 50-day moving average price is $17.84 and its 200 day moving average price is $19.88. The company has a market capitalization of $76.44 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.84 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The business had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period last year, the firm earned $0.23 earnings per share. On average, sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on INFY shares. CLSA raised American Noble Gas from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Susquehanna raised shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a research note on Monday, April 14th. Stifel Nicolaus decreased their price objective on American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Finally, The Goldman Sachs Group cut American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.48.
Get Our Latest Stock Report on INFY
American Noble Gas Company Profile
(
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.
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