Amira Nature Foods Ltd (ANFI) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Amira Nature Foods Ltd (NYSE:ANFI) from a strong sell rating to a hold rating in a report issued on Monday morning.

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. “

A number of other equities research analysts have also issued reports on ANFI. ValuEngine lowered Amira Nature Foods from a buy rating to a hold rating in a research note on Wednesday, June 7th. KeyCorp assumed coverage on Amira Nature Foods in a research note on Wednesday, April 19th. They issued an equal weight rating on the stock. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Amira Nature Foods has an average rating of Buy and a consensus target price of $10.85.

Amira Nature Foods (ANFI) traded down 0.18% during midday trading on Monday, hitting $5.40. The company had a trading volume of 4,780 shares. The stock’s 50-day moving average price is $5.74 and its 200-day moving average price is $5.37. The stock has a market cap of $198.87 million, a PE ratio of 6.43 and a beta of -0.19. Amira Nature Foods has a 52-week low of $4.50 and a 52-week high of $8.60.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Amira Nature Foods by 34.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 27,200 shares of the company’s stock worth $146,000 after buying an additional 7,000 shares in the last quarter. GSA Capital Partners LLP raised its position 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 buying an additional 18,800 shares in the last quarter. KCG Holdings Inc. raised its position in shares of Amira Nature Foods by 54.4% in the first quarter. KCG Holdings Inc. now owns 38,833 shares of the company’s stock worth $208,000 after buying an additional 13,682 shares in the last quarter. Nwam LLC raised its position in shares of Amira Nature Foods by 4.3% in the first quarter. Nwam LLC now owns 50,650 shares of the company’s stock worth $271,000 after buying an additional 2,100 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Amira Nature Foods during the fourth quarter worth $427,000. 13.14% of the stock is currently owned by institutional investors.

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.