Vetr cut shares of Amira Nature Foods Ltd. (NYSE:ANFI) from a strong-buy rating to a hold rating in a research note published on Wednesday morning. They currently have $7.67 target price on the stock.
Separately, Jefferies Group initiated coverage on Amira Nature Foods in a research report on Wednesday, September 21st. They issued a buy rating and a $13.00 price target for the company.
Amira Nature Foods (NYSE:ANFI) opened at 7.77 on Wednesday. The stock’s 50 day moving average price is $7.67 and its 200-day moving average price is $8.09. Amira Nature Foods has a 52-week low of $4.38 and a 52-week high of $14.09. The stock has a market capitalization of $278.25 million, a PE ratio of 8.68 and a beta of -0.09.
A number of large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. acquired a new stake in Amira Nature Foods during the first quarter worth approximately $1,870,000. Nwam LLC boosted 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 period. UBS Asset Management Americas Inc. acquired a new stake in Amira Nature Foods during the second quarter worth approximately $874,000. FMR LLC boosted its stake 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 during the period. Finally, Jefferies Group LLC boosted its stake 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 during the period. Institutional investors own 13.97% of the company’s stock.
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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