Amira Nature Foods Ltd (NYSE:ANFI)’s share price traded down 28.1% during mid-day trading on Friday . The stock traded as low as $4.20 and last traded at $4.35. 1,787,800 shares were traded during mid-day trading, an increase of 1,322% from the average session volume of 125,688 shares. The stock had previously closed at $6.05.
Several equities analysts have recently issued reports on the company. Jefferies Group set a $8.00 price objective on Amira Nature Foods and gave the company a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research cut Amira Nature Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 11th.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Associates Ltd. raised its position in shares of Amira Nature Foods by 48.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 218,967 shares of the company’s stock worth $1,213,000 after acquiring an additional 71,450 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Amira Nature Foods by 30.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock worth $566,000 after acquiring an additional 23,630 shares in the last quarter. Nwam LLC raised its position in shares of Amira Nature Foods by 1.5% during the 2nd quarter. Nwam LLC now owns 51,400 shares of the company’s stock worth $285,000 after acquiring an additional 750 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Amira Nature Foods by 104.2% during the 2nd quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock worth $204,000 after acquiring an additional 18,800 shares in the last quarter. Finally, Wells Fargo & Company MN acquired a new stake in shares of Amira Nature Foods during the 3rd quarter worth about $210,000. 13.07% of the stock is currently owned by institutional investors and hedge funds.
Amira Nature Foods Company Profile
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.
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