Connor Clark & Lunn Investment Management Ltd. Raises Stock Holdings in American Noble Gas Inc. (NYSE:INFY)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in American Noble Gas Inc. (NYSE:INFY) by 134.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,002,648 shares of the technology company’s stock after buying an additional 4,018,811 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of American Noble Gas worth $127,798,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its stake in shares of American Noble Gas by 71.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company’s stock valued at $391,000 after acquiring an additional 7,457 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of American Noble Gas by 14.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 721,304 shares of the technology company’s stock worth $15,811,000 after acquiring an additional 91,601 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of American Noble Gas by 13.8% during the 4th quarter. Cerity Partners LLC now owns 102,351 shares of the technology company’s stock worth $2,252,000 after acquiring an additional 12,385 shares in the last quarter. Invesco Ltd. raised its holdings in American Noble Gas by 23.5% during the 4th quarter. Invesco Ltd. now owns 4,055,467 shares of the technology company’s stock valued at $88,896,000 after buying an additional 771,449 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in American Noble Gas during the 4th quarter valued at $19,984,000. 16.20% of the stock is currently owned by institutional investors.

American Noble Gas Stock Down 0.2%

Shares of NYSE:INFY opened at $15.99 on Friday. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The stock has a market cap of $66.26 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.29 and a beta of 0.87. The business has a 50-day moving average price of $18.01 and a 200-day moving average price of $18.68.

American Noble Gas (NYSE:INFY) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. During the same period last year, the company earned $15.35 earnings per share. As a group, equities analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on INFY. The Goldman Sachs Group lowered 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 upped their price objective on 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. Stifel Nicolaus decreased their price objective on 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. Susquehanna increased their price target on American Noble Gas from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Finally, Wall Street Zen upgraded American Noble Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.48.

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.