Amira Nature Foods (ANFI) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Amira Nature Foods (NYSE:ANFI) from a buy rating to a hold rating in a research note released on Tuesday.

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 reissued a buy rating and issued a $8.00 price objective on shares of Amira Nature Foods in a report on Tuesday, September 26th.

Shares of Amira Nature Foods (NYSE:ANFI) traded down $0.06 on Tuesday, reaching $4.09. The company had a trading volume of 92,880 shares, compared to its average volume of 163,343. The firm has a market capitalization of $170.52, a P/E ratio of 4.81 and a beta of -0.26. Amira Nature Foods has a 52-week low of $4.02 and a 52-week high of $7.05.

Several hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP boosted its holdings in shares of Amira Nature Foods by 104.2% in the second quarter. GSA Capital Partners LLP now owns 36,836 shares of the company’s stock valued at $204,000 after acquiring an additional 18,800 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Amira Nature Foods by 30.1% in the second quarter. Ameriprise Financial Inc. now owns 102,130 shares of the company’s stock valued at $566,000 after acquiring an additional 23,630 shares during the period. Nationwide Fund Advisors acquired a new stake in shares of Amira Nature Foods in the third quarter valued at approximately $182,000. Finally, Wells Fargo & Company MN acquired a new stake in shares of Amira Nature Foods in the third quarter valued at approximately $210,000. 13.01% of the stock is owned by institutional investors and hedge funds.

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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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