Amira Nature Foods (NYSE:ANFI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note 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 reiterated a “buy” rating and set a $8.00 target price on shares of Amira Nature Foods in a research note on Tuesday, September 26th.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. increased its stake in shares of Amira Nature Foods by 34.7% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 27,200 shares of the company’s stock worth $146,000 after purchasing an additional 7,000 shares in the last quarter. Nationwide Fund Advisors purchased a new stake in shares of Amira Nature Foods in the 3rd quarter worth $182,000. GSA Capital Partners LLP increased its stake in shares of Amira Nature Foods by 104.2% in the 2nd 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. KCG Holdings Inc. increased its stake in shares of Amira Nature Foods by 54.4% in the 1st quarter. KCG Holdings Inc. now owns 38,833 shares of the company’s stock worth $208,000 after purchasing an additional 13,682 shares in the last quarter. Finally, Wells Fargo & Company MN purchased a new stake in shares of Amira Nature Foods in the 3rd quarter worth $210,000. Institutional investors and hedge funds own 13.01% of the company’s stock.
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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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