HC Wainwright began coverage on shares of Montana Technologies (NASDAQ:AIRJ - Free Report) in a research report report published on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $12.00 price objective on the stock.
Montana Technologies Stock Performance
Shares of AIRJ traded up $0.07 on Friday, reaching $9.50. 603,282 shares of the stock traded hands, compared to its average volume of 78,333. The stock's 50-day moving average price is $7.28 and its 200-day moving average price is $8.10. Montana Technologies has a 12 month low of $4.94 and a 12 month high of $49.11.
Hedge Funds Weigh In On Montana Technologies
Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock worth $1,086,000 after purchasing an additional 4,905 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Montana Technologies during the 3rd quarter worth about $508,000. HighTower Advisors LLC acquired a new stake in Montana Technologies in the 3rd quarter valued at about $342,000. Charles Schwab Investment Management Inc. raised its stake in shares of Montana Technologies by 14.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company's stock worth $404,000 after acquiring an additional 8,714 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Montana Technologies during the second quarter worth approximately $81,000. 63.65% of the stock is owned by institutional investors.
About Montana Technologies
(
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Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.
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