Vetr lowered shares of Amira Nature Foods Ltd. (NYSE:ANFI) from a hold rating to a sell rating in a research report report published on Tuesday morning. The firm currently has $7.67 price objective on the stock.
Separately, Jefferies Group began coverage on shares of Amira Nature Foods in a research report on Wednesday, September 21st. They set a buy rating and a $13.00 price target for the company.
Amira Nature Foods (NYSE:ANFI) opened at 7.87 on Tuesday. The stock has a 50 day moving average of $7.63 and a 200 day moving average of $7.93. The firm has a market cap of $281.83 million, a PE ratio of 8.79 and a beta of -0.09. Amira Nature Foods has a one year low of $4.38 and a one year high of $14.09.
Several hedge funds have recently added to or reduced their stakes in ANFI. Nwam LLC increased its stake in Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock worth $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 worth $197,000 after buying an additional 15,200 shares in the last quarter. 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 worth $24,151,000 after buying an additional 54,300 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in Amira Nature Foods during the second quarter worth approximately $874,000. Finally, Envestnet Asset Management Inc. acquired a new position in Amira Nature Foods during the first quarter worth approximately $1,870,000. 13.97% of the stock is owned by institutional investors and hedge funds.
About Amira Nature Foods
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.
To view Vetr’s full report, visit Vetr’s official website.
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