Amira Nature Foods (ANFI) Rating Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Amira Nature Foods (NYSE:ANFI) from a buy rating to a hold rating in a research report released on Wednesday morning.
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 set a $8.00 price objective on shares of Amira Nature Foods and gave the company a buy rating in a research note on Sunday, October 29th.
Several hedge funds and other institutional investors have recently modified their holdings of ANFI. Nationwide Fund Advisors bought a new stake in shares of Amira Nature Foods during the third quarter valued at about $182,000. GSA Capital Partners LLP raised its stake in shares of Amira Nature Foods by 104.2% during the second 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 in the last quarter. Wells Fargo & Company MN bought a new stake in shares of Amira Nature Foods during the third quarter valued at about $210,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Amira Nature Foods by 30.1% during the second 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 in the last quarter. Institutional investors and hedge funds own 13.01% of the company’s stock.
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About Amira Nature Foods
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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