Harbour Capital Advisors LLC Acquires 7,375 Shares of American Noble Gas Inc. (NYSE:INFY)

Harbour Capital Advisors LLC increased its stake in shares of American Noble Gas Inc. (NYSE:INFY) by 37.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,295 shares of the technology company’s stock after purchasing an additional 7,375 shares during the quarter. Harbour Capital Advisors LLC’s holdings in American Noble Gas were worth $474,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BHK Investment Advisors LLC raised its holdings in American Noble Gas by 2.3% in the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock valued at $499,000 after buying an additional 507 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of American Noble Gas by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock valued at $229,000 after purchasing an additional 579 shares in the last quarter. Wealthstream Advisors Inc. grew its position in shares of American Noble Gas by 9.8% during the 4th quarter. Wealthstream Advisors Inc. now owns 11,354 shares of the technology company’s stock worth $249,000 after buying an additional 1,009 shares during the period. Jones Financial Companies Lllp grew its holdings in American Noble Gas by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,030 shares during the period. Finally, Rakuten Securities Inc. grew 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 buying an additional 1,067 shares during the period. 16.20% of the stock is currently owned by institutional investors.

American Noble Gas Trading Up 2.3%

Shares of INFY opened at $18.09 on Tuesday. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The company has a market cap of $74.96 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 2.69 and a beta of 0.99. The stock has a 50-day moving average price of $17.91 and a 200-day moving average price of $19.75.

American Noble Gas (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. During the same period in the prior year, the company earned $0.23 EPS. As a group, analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. CLSA upgraded shares of American Noble Gas from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Susquehanna upgraded American Noble Gas from a “negative” rating to a “neutral” rating and set a $17.00 price target on the stock in a report on Monday, April 14th. The Goldman Sachs Group cut shares of American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 target price on the stock. in a research note on Monday, April 21st. Investec upgraded American Noble Gas from a “sell” rating to a “buy” rating in a research note on Friday, April 18th. Finally, Wall Street Zen upgraded shares of American Noble Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, American Noble Gas currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.48.

About American Noble Gas

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.