Amira Nature Foods Ltd (NYSE:ANFI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday.

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 LLC reiterated a “buy” rating and set a $8.00 price objective on shares of Amira Nature Foods in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $8.35.

Amira Nature Foods (NYSE ANFI) traded down 0.17% on Wednesday, reaching $6.05. The company’s stock had a trading volume of 111,642 shares. The firm has a market cap of $222.80 million, a PE ratio of 7.20 and a beta of -0.14. The stock’s 50 day moving average price is $5.75 and its 200 day moving average price is $5.42. Amira Nature Foods has a 52-week low of $4.50 and a 52-week high of $8.58.

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Several institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP increased its position in shares of Amira Nature Foods by 104.2% during the 2nd quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock valued at $204,000 after purchasing an additional 18,800 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Amira Nature Foods by 30.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock valued at $566,000 after purchasing an additional 23,630 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of Amira Nature Foods by 48.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 218,967 shares of the company’s stock valued at $1,213,000 after purchasing an additional 71,450 shares during the last quarter. Nwam LLC increased its position in shares of Amira Nature Foods by 1.5% during the 2nd quarter. Nwam LLC now owns 51,400 shares of the company’s stock valued at $285,000 after purchasing an additional 750 shares during the last quarter. Finally, KCG Holdings Inc. increased its position in shares of Amira Nature Foods by 54.4% during the 1st quarter. KCG Holdings Inc. now owns 38,833 shares of the company’s stock valued at $208,000 after purchasing an additional 13,682 shares during the last quarter. Hedge funds and other institutional investors own 12.54% of the company’s stock.

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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