abrdn plc cut its holdings in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 96.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,334 shares of the company's stock after selling 611,207 shares during the period. abrdn plc's holdings in ReNew Energy Global were worth $140,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of ReNew Energy Global by 40.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 699,905 shares of the company's stock worth $4,402,000 after purchasing an additional 202,100 shares during the period. Rubric Capital Management LP boosted its position in ReNew Energy Global by 1.5% in the 3rd quarter. Rubric Capital Management LP now owns 13,706,102 shares of the company's stock valued at $86,211,000 after buying an additional 200,000 shares during the period. Kayne Anderson Capital Advisors LP lifted its position in shares of ReNew Energy Global by 21.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 888,831 shares of the company's stock worth $5,591,000 after purchasing an additional 156,147 shares during the period. Franklin Resources Inc. purchased a new stake in shares of ReNew Energy Global in the 3rd quarter worth approximately $11,585,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of ReNew Energy Global by 33.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,118,181 shares of the company's stock worth $7,033,000 after purchasing an additional 281,000 shares during the period. 43.56% of the stock is owned by hedge funds and other institutional investors.
ReNew Energy Global Stock Down 2.0 %
Shares of NASDAQ RNW traded down $0.13 during trading hours on Friday, hitting $6.53. 892,405 shares of the stock were exchanged, compared to its average volume of 1,307,522. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 4.51. The company has a market cap of $2.37 billion, a PE ratio of 108.85 and a beta of 0.89. The firm has a fifty day moving average price of $6.77 and a 200-day moving average price of $6.20. ReNew Energy Global Plc has a 12 month low of $5.15 and a 12 month high of $7.49.
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.
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