Amira Nature Foods Ltd. (ANFI) Upgraded to “Buy” by Vetr Inc.
Separately, Jefferies Group assumed coverage on Amira Nature Foods in a research note on Wednesday, September 21st. They issued a buy rating and a $13.00 target price on the stock.
Amira Nature Foods (NYSE:ANFI) opened at 8.29 on Wednesday. Amira Nature Foods has a 12-month low of $4.38 and a 12-month high of $14.09. The firm’s 50-day moving average is $7.70 and its 200 day moving average is $7.78. The company has a market cap of $296.87 million, a price-to-earnings ratio of 9.26 and a beta of -0.12.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nwam LLC boosted its position in shares of Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock valued at $287,000 after buying an additional 6,900 shares during the last quarter. Jefferies Group LLC increased its position in Amira Nature Foods by 133.6% in the second quarter. Jefferies Group LLC now owns 26,577 shares of the company’s stock valued at $197,000 after buying an additional 15,200 shares during the period. FMR LLC increased its position in Amira Nature Foods by 1.7% in the second quarter. FMR LLC now owns 3,263,662 shares of the company’s stock valued at $24,151,000 after buying an additional 54,300 shares during the period. UBS Asset Management Americas Inc. bought a new position in Amira Nature Foods during the second quarter valued at approximately $874,000. Finally, Envestnet Asset Management Inc. bought a new position in Amira Nature Foods during the first quarter valued at approximately $1,870,000. 13.97% of the stock is currently owned by institutional investors and hedge funds.
Amira Nature Foods Company Profile
Amira Nature Foods Limited is a provider of branded packaged Indian specialty rice and other products. The Company sells its products primarily under the Amira brand name to retailers, as well as foodservice customers. The Company offers a portfolio of brands that includes various brands of oils, dairy products, snacks and ready-to-eat meals.
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