Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Holdings in American Noble Gas Inc. (NYSE:INFY)

Key Points

• Zurcher Kantonalbank reduced its holdings in American Noble Gas Inc. by 16.1%, now owning 222,225 shares valued at approximately $4.06 million.
• Several institutional investors have increased their stakes in American Noble Gas, with Sustainable Growth Advisers LP boosting its holdings by 50.2% during the first quarter.
• The stock price for American Noble Gas has recently dipped by 1.4%, with a current price of $16.72 and a 12-month trading range between $15.82 and $23.63.

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 16.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,225 shares of the technology company's stock after selling 42,651 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in American Noble Gas were worth $4,056,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Rakuten Securities Inc. boosted its holdings in American Noble Gas by 308.4% in the first 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. raised its position in shares of American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in American Noble Gas in the 1st quarter valued at about $32,000. Cullen Frost Bankers Inc. acquired a new stake in American Noble Gas in the 1st quarter valued at about $57,000. Finally, GAMMA Investing LLC raised its holdings in American Noble Gas by 32.4% in the 1st quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock valued at $109,000 after acquiring an additional 1,455 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price target 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. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. The Goldman Sachs Group cut shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research report on Monday, April 21st. Finally, BMO Capital Markets lifted their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, American Noble Gas presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.48.

American Noble Gas Stock Performance

NYSE INFY traded down $0.30 during trading on Friday, reaching $16.42. The company's stock had a trading volume of 20,077,870 shares, compared to its average volume of 14,768,626. The firm has a market cap of $68.04 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 2.35 and a beta of 0.87. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63. The business's fifty day moving average price is $18.23 and its 200-day moving average price is $18.84.

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