Pinnacle Associates Ltd. Reduces Position in Amira Nature Foods Ltd (ANFI)

Pinnacle Associates Ltd. reduced its position in shares of Amira Nature Foods Ltd (NYSE:ANFI) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 201,457 shares of the company’s stock after selling 17,510 shares during the quarter. Pinnacle Associates Ltd. owned about 0.54% of Amira Nature Foods worth $1,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of ANFI. Ameriprise Financial Inc. raised its stake in shares of Amira Nature Foods by 30.1% in the second quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock worth $566,000 after purchasing an additional 23,630 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Amira Nature Foods by 104.2% in the second quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock worth $204,000 after purchasing an additional 18,800 shares during the last quarter. Wells Fargo & Company MN purchased a new stake in shares of Amira Nature Foods in the third quarter worth approximately $210,000. Finally, Nationwide Fund Advisors purchased a new stake in shares of Amira Nature Foods in the third quarter worth approximately $182,000. 13.07% of the stock is currently owned by institutional investors and hedge funds.

ANFI has been the subject of several analyst reports. Jefferies Group set a $8.00 price objective on Amira Nature Foods and gave the stock a “buy” rating in a research note on Sunday, October 29th. Zacks Investment Research raised Amira Nature Foods from a “strong sell” rating to a “hold” rating in a research note on Monday, August 14th.

Shares of Amira Nature Foods Ltd (NYSE:ANFI) opened at $4.38 on Monday. Amira Nature Foods Ltd has a 52 week low of $4.20 and a 52 week high of $7.05.

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About Amira Nature Foods

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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Institutional Ownership by Quarter for Amira Nature Foods (NYSE:ANFI)

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