Counterpoint Mutual Funds LLC purchased a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 47,976 shares of the company's stock, valued at approximately $328,000.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in shares of ReNew Energy Global during the 4th quarter valued at approximately $65,000. SG Americas Securities LLC bought a new position in ReNew Energy Global during the 4th quarter valued at $75,000. Quantbot Technologies LP boosted its stake in ReNew Energy Global by 454.7% during the 3rd quarter. Quantbot Technologies LP now owns 15,788 shares of the company's stock valued at $99,000 after acquiring an additional 12,942 shares during the last quarter. Ballentine Partners LLC acquired a new position in ReNew Energy Global during the 4th quarter worth $107,000. Finally, Barclays PLC increased its position in shares of ReNew Energy Global by 382.5% in the 3rd quarter. Barclays PLC now owns 26,381 shares of the company's stock worth $166,000 after purchasing an additional 20,913 shares during the last quarter. Institutional investors and hedge funds own 43.56% of the company's stock.
Wall Street Analyst Weigh In
Separately, Roth Mkm decreased their price target on ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating for the company in a research note on Friday, February 21st.
View Our Latest Report on RNW
ReNew Energy Global Stock Performance
Shares of RNW stock traded down $0.06 on Friday, hitting $6.18. 826,246 shares of the stock traded hands, compared to its average volume of 1,025,835. The company's fifty day moving average is $6.46 and its 200 day moving average is $6.28. ReNew Energy Global Plc has a 1-year low of $5.15 and a 1-year high of $7.49. The company has a market capitalization of $2.24 billion, a PE ratio of 123.60 and a beta of 0.89. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.60 and a quick ratio of 0.64.
ReNew Energy Global (NASDAQ:RNW - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.07). ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. The business had revenue of $248.00 million during the quarter, compared to the consensus estimate of $20.22 billion. On average, equities research analysts predict that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.
About ReNew Energy Global
(
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.
See Also
Before you consider ReNew Energy Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ReNew Energy Global wasn't on the list.
While ReNew Energy Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
