Segall Bryant & Hamill LLC Sells 32,000 Shares of American Noble Gas Inc. (NYSE:INFY)

Segall Bryant & Hamill LLC cut its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 28.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,600 shares of the technology company's stock after selling 32,000 shares during the period. Segall Bryant & Hamill LLC's holdings in American Noble Gas were worth $1,453,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. First Trust Advisors LP boosted its position in American Noble Gas by 14.5% in the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after purchasing an additional 4,108,903 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in American Noble Gas by 6.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company's stock worth $502,636,000 after purchasing an additional 1,700,662 shares during the last quarter. Franklin Resources Inc. boosted its position in American Noble Gas by 2.0% in the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after purchasing an additional 229,482 shares during the last quarter. AQR Capital Management LLC boosted its position in American Noble Gas by 270.9% in the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after purchasing an additional 6,693,127 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in American Noble Gas by 43.1% in 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. 16.20% of the stock is owned by hedge funds and other institutional investors.

American Noble Gas Stock Performance

Shares of NYSE INFY traded down $0.27 during trading on Friday, hitting $18.20. The company had a trading volume of 9,705,664 shares, compared to its average volume of 9,872,242. The stock has a 50 day simple moving average of $18.41 and a 200 day simple moving average of $19.20. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The firm has a market capitalization of $75.41 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 2.74 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period in the previous year, the firm earned $0.23 EPS. As a group, analysts predict that American Noble Gas Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group downgraded American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a research note on Monday, April 21st. 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 research note on Monday, April 21st. Finally, Susquehanna raised their price objective on American Noble Gas from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.73.

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.