1 week Ago By ABMN Staff
Bank of Montreal Can cut its stake in shares of ReNew Energy Global Plc ( NASDAQ:RNW – Free Report ) by 34.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,156 shares of the company’s stock after selling 7,498 shares during the quarter.
Bank of Montreal Can’s holdings in ReNew Energy Global were worth $97,000 at the end of the most recent quarter. A number of other large investors have also made changes to their positions in the stock. Summit Securities Group LLC acquired a new position in ReNew Energy Global during the fourth quarter worth about $34,000.
Signaturefd LLC purchased a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $65,000. SG Americas Securities LLC purchased a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $75,000. Ballentine Partners LLC acquired a new stake in shares of ReNew Energy Global in the 4th quarter worth approximately $107,000.
Finally, Quadrant Capital Group LLC purchased a new position in ReNew Energy Global in the 4th quarter valued at approximately $133,000. Hedge funds and other institutional investors own 43.56% of the company’s stock.
Analyst Ratings Changes Separately, Roth Mkm lowered their target price on ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, February 21st.
ReNew Energy Global Stock Up 0.2 % RNW stock opened at $6.52 on Friday.
The company has a debt-to-equity ratio of 4.74, a current ratio of 0.60 and a quick ratio of 0.
64. The company’s 50 day simple moving average is $6.12 and its 200-day simple moving average is $6.
26. ReNew Energy Global Plc has a 12 month low of $5.15 and a 12 month high of $7.
49. The firm has a market capitalization of $2.36 billion, a PE ratio of 130.
40 and a beta of 0.89. ReNew Energy Global ( NASDAQ:RNW – Get Free Report ) last announced its earnings results on Tuesday, February 18th.
The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.
07). ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.
75%. The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.
22 billion. Equities analysts expect that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.
ReNew Energy Global Company Profile ( Free Report ) ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.
Featured Stories Want to see what other hedge funds are holding RNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ReNew Energy Global Plc ( NASDAQ:RNW – Free Report ). Receive News & Ratings for ReNew Energy Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ReNew Energy Global and related companies with MarketBeat.
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