Shares of Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report) were down 3.2% during trading on Thursday . The company traded as low as $9.07 and last traded at $9.22. 9,576 shares were traded during trading, a decline of 88% from the average daily volume of 78,003 shares. The stock had previously closed at $9.52.
Analysts Set New Price Targets
Separately, HC Wainwright assumed coverage on Montana Technologies in a report on Friday, December 20th. They set a "buy" rating and a $12.00 target price on the stock.
Check Out Our Latest Report on AIRJ
Montana Technologies Stock Performance
The firm's fifty day moving average price is $7.63 and its 200 day moving average price is $8.01.
Hedge Funds Weigh In On Montana Technologies
A number of institutional investors and hedge funds have recently bought and sold shares of AIRJ. Geode Capital Management LLC raised its position 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 acquired a new position in shares of Montana Technologies during the third quarter valued at $508,000. HighTower Advisors LLC bought a new position in shares of Montana Technologies in the 3rd quarter valued at about $342,000. Charles Schwab Investment Management Inc. grew its holdings in Montana Technologies by 14.3% during the 3rd 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 period. Finally, Quarry LP acquired a new position in Montana Technologies in the second quarter valued at about $81,000. Institutional investors own 63.65% of the company's stock.
About Montana Technologies
(
Get Free Report)
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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