American Noble Gas Inc. (NYSE:INFY) Shares Sold by JFS Wealth Advisors LLC

JFS Wealth Advisors LLC reduced its position in shares of American Noble Gas Inc. (NYSE:INFY) by 22.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,793 shares of the technology company’s stock after selling 793 shares during the period. JFS Wealth Advisors LLC’s holdings in American Noble Gas were worth $51,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of INFY. AQR Capital Management LLC lifted its stake in 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 valued at $200,877,000 after buying an additional 6,693,127 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of American Noble Gas by 118.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock valued at $173,437,000 after acquiring an additional 4,296,291 shares during the period. First Trust Advisors LP lifted its position in shares of American Noble Gas by 14.5% in the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock valued at $710,430,000 after acquiring an additional 4,108,903 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its position in American Noble Gas by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock worth $75,470,000 after purchasing an additional 3,045,656 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in American Noble Gas by 43.1% during 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 period. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group downgraded American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. BMO Capital Markets lowered their target price on American Noble Gas from $25.00 to $18.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. Stifel Nicolaus reduced 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 report on Monday, April 21st. CLSA raised shares of American Noble Gas from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Wall Street Zen upgraded shares of American Noble Gas from a “hold” rating to a “buy” rating in a research report on Friday, May 16th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on 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 Price Performance

Shares of NYSE INFY opened at $18.30 on Wednesday. The business’s 50-day moving average price is $17.94 and its two-hundred day moving average price is $19.74. 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 capitalization of $75.81 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 2.75 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last issued its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, equities analysts anticipate 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.