American Century Companies Inc. Has $3.95 Million Stake in Montauk Renewables, Inc. (NASDAQ:MNTK)

American Century Companies Inc. raised its stake in Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) by 100.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 992,089 shares of the company's stock after buying an additional 496,231 shares during the period. American Century Companies Inc. owned approximately 0.69% of Montauk Renewables worth $3,949,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Montauk Renewables by 237.4% during the third quarter. JPMorgan Chase & Co. now owns 173,483 shares of the company's stock worth $904,000 after purchasing an additional 122,072 shares during the period. Zacks Investment Management increased its stake in Montauk Renewables by 336.5% in the 3rd quarter. Zacks Investment Management now owns 72,258 shares of the company's stock worth $376,000 after purchasing an additional 55,705 shares in the last quarter. Hosking Partners LLP raised its holdings in Montauk Renewables by 3.9% during the 4th quarter. Hosking Partners LLP now owns 769,112 shares of the company's stock worth $3,061,000 after buying an additional 29,125 shares during the period. State Street Corp lifted its stake in Montauk Renewables by 1.6% during the third quarter. State Street Corp now owns 1,613,351 shares of the company's stock valued at $8,406,000 after buying an additional 25,732 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Montauk Renewables by 9.5% during the fourth quarter. Bank of New York Mellon Corp now owns 237,394 shares of the company's stock valued at $945,000 after buying an additional 20,562 shares in the last quarter. Institutional investors and hedge funds own 16.35% of the company's stock.

Montauk Renewables Stock Down 7.0 %

Shares of MNTK traded down $0.16 during trading hours on Thursday, reaching $2.12. The company's stock had a trading volume of 273,405 shares, compared to its average volume of 222,384. The company has a 50 day moving average of $3.08 and a two-hundred day moving average of $4.11. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The firm has a market cap of $301.96 million, a price-to-earnings ratio of 13.25 and a beta of 0.05. Montauk Renewables, Inc. has a 1-year low of $1.75 and a 1-year high of $6.22.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.11). Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%. The company had revenue of $27.74 million for the quarter, compared to analysts' expectations of $59.92 million. As a group, research analysts predict that Montauk Renewables, Inc. will post 0.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on MNTK shares. UBS Group cut their price target on shares of Montauk Renewables from $6.25 to $3.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. B. Riley cut their target price on shares of Montauk Renewables from $4.00 to $3.00 and set a "neutral" rating on the stock in a research note on Friday, March 14th.

About Montauk Renewables

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.