SG Americas Securities LLC Buys 93,469 Shares of American Noble Gas Inc. (NYSE:INFY)

SG Americas Securities LLC raised its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 659.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,643 shares of the technology company's stock after purchasing an additional 93,469 shares during the quarter. SG Americas Securities LLC's holdings in American Noble Gas were worth $1,964,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in American Noble Gas during the fourth quarter worth $29,000. Farther Finance Advisors LLC grew its stake in shares of American Noble Gas by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after acquiring an additional 1,279 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of American Noble Gas by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock valued at $106,000 after purchasing an additional 3,267 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of American Noble Gas by 32.4% during the first quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock valued at $109,000 after purchasing an additional 1,455 shares in the last quarter. Finally, Fairtree Asset Management Pty Ltd bought a new position in shares of American Noble Gas during the fourth quarter valued at about $130,000. Institutional investors and hedge funds own 16.20% of the company's stock.

Analyst Upgrades and Downgrades

INFY has been the subject of several analyst reports. Stifel Nicolaus decreased their price objective on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. CLSA raised American Noble Gas from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. The Goldman Sachs Group cut 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, Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Six 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 company's stock. According to data from MarketBeat.com, American Noble Gas has a consensus rating of "Moderate Buy" and an average target price of $17.48.

American Noble Gas Stock Performance

NYSE INFY traded down $0.08 on Tuesday, hitting $18.68. 10,128,888 shares of the stock traded hands, compared to its average volume of 9,766,502. The business's fifty day moving average is $17.81 and its two-hundred day moving average is $19.89. 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 $77.38 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.85 and a beta of 0.98.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping 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 company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current fiscal 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.