Trexquant Investment LP Purchases 1,016,742 Shares of American Noble Gas Inc. $INFY

Key Points

• Trexquant Investment LP significantly increased its stake in American Noble Gas Inc. by 263.1% during the 1st quarter, now owning shares worth $25.61 million.
• Several institutional investors also raised their stakes in American Noble Gas, with ownership among institutional investors now at 16.20% of the company's stock.
• Equities analysts have upgraded American Noble Gas's rating from "hold" to "buy" and increased price targets, reflecting a current average rating of "Moderate Buy" with a target of $18.48.

Trexquant Investment LP boosted its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 263.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,403,219 shares of the technology company's stock after acquiring an additional 1,016,742 shares during the quarter. Trexquant Investment LP's holdings in American Noble Gas were worth $25,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its holdings in American Noble Gas by 308.4% during the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,067 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after acquiring an additional 928 shares during the period. Wayfinding Financial LLC purchased a new stake in American Noble Gas during the 1st quarter valued at about $32,000. Cullen Frost Bankers Inc. purchased a new stake in American Noble Gas in the 1st quarter worth approximately $57,000. Finally, Banque Cantonale Vaudoise purchased a new stake in American Noble Gas in the 1st quarter worth approximately $86,000. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BMO Capital Markets increased their price objective on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Susquehanna increased their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, American Noble Gas presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.48.

American Noble Gas Price Performance

INFY stock traded down $0.19 on Friday, reaching $16.81. 17,333,207 shares of the company traded hands, compared to its average volume of 19,138,494. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63. The company has a market cap of $69.65 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.41 and a beta of 0.87. The firm has a fifty day simple moving average of $17.54 and a 200-day simple moving average of $18.12.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.84 billion. During the same quarter last year, the company earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current 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.