Analysts at Jefferies Group initiated coverage on shares of Amira Nature Foods Ltd. (NYSE:ANFI) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating and a $7.09 price target on the stock.

Amira Nature Foods (NYSE:ANFI) opened at 7.09 on Wednesday. The stock has a market cap of $253.90 million, a PE ratio of 7.92 and a beta of -0.09. Amira Nature Foods has a 12 month low of $3.95 and a 12 month high of $14.09. The company has a 50-day moving average of $7.72 and a 200-day moving average of $8.14.

A number of large investors have recently added to or reduced their stakes in ANFI. Envestnet Asset Management Inc. acquired a new stake in Amira Nature Foods during the first quarter worth about $1,870,000. UBS Asset Management Americas Inc. acquired a new stake in Amira Nature Foods during the second quarter worth about $874,000. FMR LLC increased its stake 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 last quarter. Jefferies Group LLC increased its stake 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 last quarter. Finally, Nwam LLC increased its stake 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 last quarter. 13.97% of the stock is currently owned by institutional investors.

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Amira Nature Foods Company Profile

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

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