Amira Nature Foods Ltd (ANFI) Lowered to Strong Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Amira Nature Foods Ltd (NYSE:ANFI) from a hold rating to a strong sell rating in a research report sent to investors on Wednesday morning.

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

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Several institutional investors have recently made changes to their positions in ANFI. Pinnacle Associates Ltd. raised its position in shares of Amira Nature Foods by 48.4% in 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. Ameriprise Financial Inc. raised its position in shares of Amira Nature Foods by 30.1% in 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. GSA Capital Partners LLP raised its position 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 valued at $204,000 after purchasing an additional 18,800 shares during the last quarter. KCG Holdings Inc. raised its position 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 valued at $208,000 after purchasing an additional 13,682 shares during the last quarter. Finally, Nwam LLC raised its position in shares of Amira Nature Foods by 1.5% in 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. 12.54% of the stock is owned by hedge funds and other institutional investors.

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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