Fox Run Management L.L.C. Takes Position in ReNew Energy Global Plc (NASDAQ:RNW)

Fox Run Management L.L.C. acquired a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 51,893 shares of the company's stock, valued at approximately $354,000.

Other institutional investors also recently made changes to their positions in the company. Rubric Capital Management LP increased its holdings in shares of 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 acquiring an additional 200,000 shares during the last quarter. Northwest & Ethical Investments L.P. increased its stake in ReNew Energy Global by 6.3% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,296,800 shares of the company's stock valued at $15,687,000 after purchasing an additional 135,606 shares during the last quarter. Helikon Investments Ltd acquired a new stake in shares of ReNew Energy Global during the fourth quarter worth $15,055,000. Franklin Resources Inc. acquired a new stake in shares of ReNew Energy Global during the third quarter worth $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 buying an additional 281,000 shares during the last quarter. 43.56% of the stock is owned by institutional investors and hedge funds.

ReNew Energy Global Stock Performance

RNW stock traded down $0.08 during mid-day trading on Friday, reaching $6.01. The company had a trading volume of 615,088 shares, compared to its average volume of 1,042,949. ReNew Energy Global Plc has a one year low of $5.15 and a one year high of $7.49. The stock has a market capitalization of $2.18 billion, a P/E ratio of 120.20 and a beta of 0.89. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. The stock's 50-day simple moving average is $6.39 and its two-hundred day simple moving average is $6.29.

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ReNew Energy Global (NASDAQ:RNW - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $248.00 million during the quarter, compared to the consensus estimate of $20.22 billion. Research analysts anticipate that ReNew Energy Global Plc will post 0.15 EPS for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their target price on ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating for the company in a report on Friday, February 21st.

About ReNew Energy Global

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.