SG Americas Securities LLC Grows Stock Position in American Noble Gas Inc. (NYSE:INFY)

SG Americas Securities LLC boosted its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 659.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,643 shares of the technology company's stock after buying an additional 93,469 shares during the period. SG Americas Securities LLC's holdings in American Noble Gas were worth $1,964,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INFY. AQR Capital Management LLC grew its position 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 acquiring an additional 6,693,127 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in American Noble Gas by 118.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after purchasing an additional 4,296,291 shares during the last quarter. First Trust Advisors LP increased its stake 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 valued at $710,430,000 after purchasing 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 grew its stake in shares of American Noble Gas by 43.1% in the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after purchasing an additional 2,478,093 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Performance

American Noble Gas stock traded down $0.22 during midday trading on Thursday, reaching $18.45. 10,915,918 shares of the company were exchanged, compared to its average volume of 9,780,538. The firm's 50-day simple moving average is $17.84 and its 200-day simple moving average is $19.88. 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 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 issued 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. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. CLSA raised American Noble Gas from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Susquehanna raised American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research note on Monday, April 14th. The Goldman Sachs Group lowered shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a research report on Monday, April 21st. Finally, BMO Capital Markets dropped 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 report on Monday, April 21st. Six research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.48.

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.