Amira Nature Foods Ltd. (NYSE:ANFI) was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday. They presently have a $7.67 target price on the stock. Vetr‘s target price indicates a potential downside of 1.29% from the company’s current price.

Separately, Jefferies Group began coverage on shares of Amira Nature Foods in a research report on Wednesday. They set a “buy” rating and a $7.09 target price for the company.

Shares of Amira Nature Foods (NYSE:ANFI) traded up 9.59% during mid-day trading on Wednesday, reaching $7.77. 324,883 shares of the company’s stock traded hands. Amira Nature Foods has a 12-month low of $3.95 and a 12-month high of $14.09. The firm has a 50-day moving average of $7.71 and a 200 day moving average of $8.13. The company has a market cap of $278.25 million, a P/E ratio of 8.68 and a beta of -0.09.

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A number of institutional investors have recently modified their holdings of the company. Jefferies Group LLC raised its position in Amira Nature Foods by 133.6% in the second quarter. Jefferies Group LLC now owns 26,577 shares of the company’s stock worth $197,000 after buying an additional 15,200 shares during the period. Nwam LLC raised its position in Amira Nature Foods by 21.7% in the second quarter. Nwam LLC now owns 38,750 shares of the company’s stock worth $287,000 after buying an additional 6,900 shares during the period. UBS Asset Management Americas Inc. purchased a new position in Amira Nature Foods during the second quarter worth approximately $874,000. Envestnet Asset Management Inc. purchased a new position in Amira Nature Foods during the first quarter worth approximately $1,870,000. Finally, FMR LLC raised its position in Amira Nature Foods by 1.7% in the second quarter. FMR LLC now owns 3,263,662 shares of the company’s stock worth $24,151,000 after buying an additional 54,300 shares during the period. Hedge funds and other institutional investors own 13.97% of the company’s stock.

About Amira Nature Foods

Amira Nature Foods Limited is a provider of branded packaged Indian specialty rice and other products. The Company sells its products primarily under the Amira brand name to retailers, as well as foodservice customers. The Company offers a portfolio of brands that includes various brands of oils, dairy products, snacks and ready-to-eat meals.

5 Day Chart for NYSE:ANFI

To view Vetr’s full report, visit Vetr’s official website.

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