UBS Asset Management Americas Inc. reduced its position in shares of Amira Nature Foods Ltd (NYSE:ANFI) by 80.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,142 shares of the company’s stock after selling 93,817 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.06% of Amira Nature Foods worth $119,000 at the end of the most recent quarter.
Separately, Nwam LLC increased its position in 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 during the period. Hedge funds and other institutional investors own 13.14% of the company’s stock.
Amira Nature Foods Ltd (ANFI) opened at 5.18 on Friday. The firm has a market capitalization of $190.76 million, a P/E ratio of 6.17 and a beta of -0.19. The stock’s 50 day moving average is $5.76 and its 200-day moving average is $5.36. Amira Nature Foods Ltd has a 1-year low of $4.50 and a 1-year high of $8.60.
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A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Amira Nature Foods from a “strong sell” rating to a “hold” rating in a research report on Monday. ValuEngine cut Amira Nature Foods from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $10.85.
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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