Amira Nature Foods (ANFI) Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Amira Nature Foods (NYSE:ANFI) from a buy rating to a hold rating in a research report sent to investors on Wednesday, January 17th.
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 set a $8.00 price objective on shares of Amira Nature Foods and gave the stock a buy rating in a research note on Sunday, October 29th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its position in shares of Amira Nature Foods by 104.2% during 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 in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Amira Nature Foods by 30.1% during 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 in the last quarter. Nationwide Fund Advisors acquired a new position in shares of Amira Nature Foods during the third quarter worth $182,000. Finally, Wells Fargo & Company MN acquired a new position in shares of Amira Nature Foods during the third quarter worth $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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