Amira Nature Foods (ANFI) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Amira Nature Foods (NYSE:ANFI) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $4.75 target price on the stock.
According to Zacks, “Amira Nature Foods Ltd. provides packaged Indian specialty rice. The Company sells Basmati rice, premium long-grain rice under their flagship Amira brand as well as under other third party brands. It participates across the entire rice supply chain from the procurement of paddy to its storage, aging, processing into rice, packaging, distribution and marketing. Amira Nature Foods Ltd. is headquartered in Dubai, United Arab Emirates. “
Separately, Jefferies Group restated a buy rating and set a $8.00 price target on shares of Amira Nature Foods in a research note on Tuesday, September 26th.
Several hedge funds have recently added to or reduced their stakes in ANFI. Pinnacle Associates Ltd. grew its stake in shares of Amira Nature Foods by 48.4% in the 2nd quarter. Pinnacle Associates Ltd. now owns 218,967 shares of the company’s stock valued at $1,213,000 after purchasing an additional 71,450 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Amira Nature Foods by 30.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock valued at $566,000 after purchasing an additional 23,630 shares during the period. GSA Capital Partners LLP grew its stake in shares of Amira Nature Foods by 104.2% in the 2nd quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock valued at $204,000 after purchasing an additional 18,800 shares during the period. Nationwide Fund Advisors bought a new stake in shares of Amira Nature Foods in the 3rd quarter valued at approximately $182,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Amira Nature Foods in the 3rd quarter valued at approximately $210,000. Institutional investors own 13.01% of the company’s stock.
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Amira Nature Foods Company Profile
Amira Nature Foods Ltd is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The Company sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. It also sells non-basmati rice.
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