Amira Nature Foods (ANFI) Stock Rating Lowered by Zacks Investment Research

Amira Nature Foods (NYSE:ANFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Amira Nature Foods Ltd. provides packaged Indian specialty rice. The Company sells Basmati rice, premium long-grain rice under their flagship Amira brand as well as under other third party brands. It participates across the entire rice supply chain from the procurement of paddy to its storage, aging, processing into rice, packaging, distribution and marketing. Amira Nature Foods Ltd. is headquartered in Dubai, United Arab Emirates. “

Separately, Jefferies Group reissued a “buy” rating and issued a $8.00 price target on shares of Amira Nature Foods in a report on Tuesday, September 26th.

Amira Nature Foods (ANFI) traded down $0.01 during mid-day trading on Tuesday, hitting $4.15. The stock had a trading volume of 448,700 shares, compared to its average volume of 182,620. Amira Nature Foods has a fifty-two week low of $4.02 and a fifty-two week high of $7.05. The firm has a market capitalization of $170.94, a price-to-earnings ratio of 4.88 and a beta of -0.26.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in Amira Nature Foods by 30.1% in the second quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock valued at $566,000 after purchasing an additional 23,630 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Amira Nature Foods by 104.2% in the second quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock valued at $204,000 after purchasing an additional 18,800 shares during the last quarter. Wells Fargo & Company MN purchased a new position in Amira Nature Foods in the third quarter valued at about $210,000. Finally, Nationwide Fund Advisors purchased a new position in Amira Nature Foods in the third quarter valued at about $182,000. 13.01% of the stock is owned by hedge funds and other institutional investors.

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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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