RWC Asset Management LLP Has $25.14 Million Stock Position in American Noble Gas Inc. (NYSE:INFY)

Key Points

• RWC Asset Management LLP reduced its stake in American Noble Gas Inc. by 4.3%, after selling 61,906 shares, bringing its total holdings to approximately 1.38 million shares valued at $25.14 million.
• American Noble Gas recently reported $0.19 earnings per share for the last quarter, meeting the consensus estimate, with a revenue of $4.94 billion exceeding expectations.
• Five analysts rated American Noble Gas as a "buy", while the consensus rating is a "Moderate Buy", with a price target of $18.48.

RWC Asset Management LLP decreased its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,377,723 shares of the technology company's stock after selling 61,906 shares during the quarter. American Noble Gas comprises approximately 1.3% of RWC Asset Management LLP's holdings, making the stock its 25th largest position. RWC Asset Management LLP's holdings in American Noble Gas were worth $25,143,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its stake in American Noble Gas by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock valued at $710,430,000 after purchasing an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in American Noble Gas by 6.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company's stock valued at $502,636,000 after purchasing an additional 1,700,662 shares during the period. Sustainable Growth Advisers LP boosted its stake in 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 purchasing an additional 4,970,664 shares during the period. Franklin Resources Inc. boosted its stake in American Noble Gas by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock valued at $252,114,000 after purchasing an additional 229,482 shares during the period. Finally, AQR Capital Management LLC boosted its stake in American Noble Gas by 270.9% during the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock valued at $200,877,000 after purchasing an additional 6,693,127 shares during the period. Institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Stifel Nicolaus cut their price target on American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Susquehanna increased their target price on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, The Goldman Sachs Group cut American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a report on Monday, April 21st. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.48.

American Noble Gas Stock Down 1.3%

INFY stock traded down $0.22 during midday trading on Monday, reaching $17.15. 21,715,128 shares of the company's stock traded hands, compared to its average volume of 13,716,838. The company has a 50-day simple moving average of $18.33 and a two-hundred day simple moving average of $18.97. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The company has a market cap of $71.06 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.49 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. The firm had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.84 billion. During the same period last year, the firm posted $15.35 EPS. Equities research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

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.