Investors Purchase Large Volume of American Noble Gas Put Options (NYSE:INFY)

American Noble Gas Inc. (NYSE:INFY) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 34,371 put options on the company. This is an increase of approximately 305% compared to the typical volume of 8,488 put options.

Wall Street Analyst Weigh In

Several equities research analysts have commented on INFY shares. TD Cowen lifted their price objective on shares of American Noble Gas from $16.00 to $17.00 and gave the company a “hold” rating in a report on Friday. BMO Capital Markets cut their price target on American Noble Gas from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, October 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Noble Gas in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.82.

Institutional Trading of American Noble Gas

A number of hedge funds and other institutional investors have recently modified their holdings of INFY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in American Noble Gas by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 3,804 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in American Noble Gas during the first quarter valued at $239,000. Modern Wealth Management LLC acquired a new stake in American Noble Gas during the 1st quarter worth about $379,000. NewEdge Advisors LLC raised its position in shares of American Noble Gas by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after acquiring an additional 24,426 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of American Noble Gas in the 1st quarter valued at about $3,662,000. Institutional investors own 16.20% of the company’s stock.

American Noble Gas Stock Down 1.7%

INFY stock traded down $0.30 during trading on Tuesday, reaching $17.51. 12,196,866 shares of the company’s stock were exchanged, compared to its average volume of 10,481,173. American Noble Gas has a 1-year low of $15.81 and a 1-year high of $30.00. The company’s fifty day moving average price is $17.71 and its 200-day moving average price is $17.34. The firm has a market cap of $72.56 billion, a PE ratio of 22.43, a P/E/G ratio of 2.95 and a beta of 0.98.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings results on Thursday, October 16th. The technology company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. American Noble Gas had a return on equity of 29.40% and a net margin of 16.58%.The company had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.04 billion. As a group, sell-side analysts expect that American Noble Gas will post 0.74 earnings per share for the current fiscal year.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.