Vetr upgraded shares of Amira Nature Foods Ltd. (NYSE:ANFI) from a sell rating to a buy rating in a report published on Wednesday. The brokerage currently has $8.55 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 issued a buy rating and a $13.00 price target on the stock.
Shares of Amira Nature Foods (NYSE:ANFI) opened at 8.33 on Wednesday. The firm has a market cap of $298.31 million, a P/E ratio of 9.31 and a beta of -0.09. The company’s 50-day moving average price is $7.61 and its 200-day moving average price is $7.94. Amira Nature Foods has a 12 month low of $4.38 and a 12 month high of $14.09.
Several institutional investors have recently bought and sold shares of the company. Jefferies Group LLC boosted 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 valued at $197,000 after buying an additional 15,200 shares in the last quarter. FMR LLC boosted 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 valued at $24,151,000 after buying an additional 54,300 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in Amira Nature Foods during the second quarter valued at approximately $874,000. Nwam LLC boosted its position in Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock valued at $287,000 after buying an additional 6,900 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Amira Nature Foods during the first quarter valued at approximately $1,870,000. 13.97% of the stock is currently owned by hedge funds and other institutional investors.
Amira Nature Foods Company Profile
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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