American Noble Gas Inc. $INFY Shares Bought by Millennium Management LLC

Key Points

• Millennium Management LLC increased its holdings in American Noble Gas Inc. by 53.5% during the first quarter, now owning a total of 9,153,711 shares valued at approximately $167 million.
• Several hedge funds have also expanded their positions in American Noble Gas, indicating growing institutional interest, with a total of 16.20% of the stock now owned by institutional investors.
• Following recent earnings reports, analyst ratings for American Noble Gas fluctuate with one analyst rating it as a "Strong Buy," while others hold neutral or sell positions, resulting in a consensus rating of "Hold."

Millennium Management LLC grew its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 53.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,153,711 shares of the technology company's stock after buying an additional 3,191,155 shares during the quarter. Millennium Management LLC owned 0.22% of American Noble Gas worth $167,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in INFY. Sustainable Growth Advisers LP boosted its stake in shares of American Noble Gas by 50.2% during 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 last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of 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 valued at $127,798,000 after buying an additional 4,018,811 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of 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 valued at $46,341,000 after buying an additional 2,525,232 shares during the last quarter. Bank of America Corp DE lifted its stake in 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 purchasing an additional 2,478,093 shares during the last quarter. Finally, Causeway Capital Management LLC lifted its stake in American Noble Gas by 382.5% during the first 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 during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INFY has been the topic of several research analyst reports. Rothschild & Co Redburn initiated coverage on American Noble Gas in a research note on Wednesday, September 3rd. They set a "sell" rating and a $12.00 price objective on the stock. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets raised their price objective 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. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a research note on Wednesday, September 3rd. Finally, Susquehanna raised their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, American Noble Gas presently has an average rating of "Hold" and an average target price of $17.18.

American Noble Gas Stock Up 0.3%

INFY stock traded up $0.05 during mid-day trading on Wednesday, reaching $17.06. The company had a trading volume of 6,620,935 shares, compared to its average volume of 13,023,952. The stock has a market capitalization of $70.70 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.40 and a beta of 0.91. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63. The stock's 50-day simple moving average is $17.30 and its two-hundred day simple moving average is $17.90.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. The company 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 period last year, the company earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. On average, research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

American Noble Gas Company 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.