Amira Nature Foods Ltd (ANFI) Reaches $4.71 After 6.00% Down Move; Brookfield Asset Management Lifted Western Gas Partners LP (WES) Holding

June 6, 2017 - By Richard Conner

Brookfield Asset Management Inc increased Western Gas Partners Lp (WES) stake by 79.45% reported in 2016Q4 SEC filing. Brookfield Asset Management Inc acquired 278,000 shares as Western Gas Partners Lp (WES)’s stock declined 13.68%. The Brookfield Asset Management Inc holds 627,908 shares with $36.90M value, up from 349,908 last quarter. Western Gas Partners Lp now has $8.74 billion valuation. The stock declined 0.23% or $0.13 reaching $55.58 on the news. About 38,272 shares traded. Western Gas Partners, LP (NYSE:WES) has risen 10.32% since June 6, 2016 and is uptrending. It has underperformed by 6.38% the S&P500.

The stock of Amira Nature Foods Ltd (NYSE:ANFI) is a huge mover today! About 67,256 shares traded. Amira Nature Foods Ltd (NYSE:ANFI) has declined 27.11% since June 6, 2016 and is downtrending. It has underperformed by 43.81% the S&P500.The move comes after 8 months negative chart setup for the $170.34 million company. It was reported on Jun, 6 by Barchart.com. We have $4.43 PT which if reached, will make NYSE:ANFI worth $10.22 million less.

Analysts await Amira Nature Foods Ltd (NYSE:ANFI) to report earnings on August, 4. ANFI’s profit will be $17.36 million for 2.45 P/E if the $0.48 EPS becomes a reality.

Among 3 analysts covering Amira Nature Foods (NYSE:ANFI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Amira Nature Foods had 5 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Sector Weight” rating on Wednesday, April 19 by KeyBanc Capital Markets. The firm earned “Buy” rating on Tuesday, August 4 by Oppenheimer. Jefferies initiated Amira Nature Foods Ltd (NYSE:ANFI) on Wednesday, September 21 with “Buy” rating. The stock of Amira Nature Foods Ltd (NYSE:ANFI) has “Market Perform” rating given on Tuesday, August 18 by BMO Capital Markets. Zacks upgraded the stock to “Hold” rating in Monday, August 10 report.

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 has market cap of $170.34 million. The Firm sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. It has a 5.12 P/E ratio. It also sells non-basmati rice.

Brookfield Asset Management Inc decreased Care Cap Pptys Inc stake by 784,516 shares to 2.84 million valued at $71.11M in 2016Q4. It also reduced Sba Communications Corp (NASDAQ:SBAC) stake by 1.03 million shares and now owns 1.88M shares. Toll Brothers Inc (NYSE:TOL) was reduced too.

Among 15 analysts covering Western Gas Partners (NYSE:WES), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Western Gas Partners had 26 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Overweight” rating by JP Morgan given on Wednesday, March 30. RBC Capital Markets maintained it with “Outperform” rating and $64 target in Tuesday, October 11 report. The firm has “Neutral” rating by MUFG given on Friday, June 17. The rating was initiated by CapitalOne with “An Overweight” on Thursday, January 14. The rating was maintained by Barclays Capital with “Overweight” on Monday, November 2. The stock of Western Gas Partners, LP (NYSE:WES) earned “Neutral” rating by Citigroup on Thursday, November 5. The stock of Western Gas Partners, LP (NYSE:WES) earned “Equal-Weight” rating by Morgan Stanley on Thursday, February 25. The company was downgraded on Thursday, January 28 by Stifel Nicolaus. The firm earned “Outperform” rating on Friday, April 21 by Macquarie Research. The firm has “Neutral” rating by Citigroup given on Thursday, April 7.