Triglav Skladi D.O.O. Acquires Shares of 88,130 American Noble Gas Inc. (NYSE:INFY)

Key Points

• Triglav Skladi D.O.O. has invested approximately $1.61 million in American Noble Gas Inc. (NYSE:INFY) by acquiring 88,130 shares in the first quarter.
• Institutional investors now own 16.20% of American Noble Gas, with significant quarterly growth from firms like Rakuten Securities Inc. and Pinnacle Bancorp Inc.
• Analysts have mixed views on INFY, with a consensus rating of "Moderate Buy" and a price target of $18.48, reflecting varied opinions among firms such as Stifel Nicolaus and BMO Capital Markets.

Triglav Skladi D.O.O. purchased a new stake in American Noble Gas Inc. (NYSE:INFY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 88,130 shares of the technology company's stock, valued at approximately $1,608,000.

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

American Noble Gas Stock Performance

American Noble Gas stock traded up $0.20 during mid-day trading on Friday, hitting $16.56. 9,000,722 shares of the company traded hands, compared to its average volume of 17,866,392. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63. The stock has a market cap of $68.62 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 2.37 and a beta of 0.87. The stock has a fifty day moving average price of $17.83 and a 200-day moving average price of $18.47.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. 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 note on Monday, April 21st. Susquehanna increased their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Stifel Nicolaus dropped their price objective on shares of 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. BMO Capital Markets raised their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.48.

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.