Barclays PLC reduced its holdings in Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) by 32.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,360 shares of the company's stock after selling 65,644 shares during the period. Barclays PLC owned approximately 0.10% of Montauk Renewables worth $710,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Rhumbline Advisers increased its stake in Montauk Renewables by 2.6% during the second quarter. Rhumbline Advisers now owns 92,138 shares of the company's stock valued at $525,000 after acquiring an additional 2,366 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Montauk Renewables by 105.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company's stock valued at $26,000 after purchasing an additional 2,509 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Montauk Renewables by 14.7% during the second quarter. The Manufacturers Life Insurance Company now owns 32,611 shares of the company's stock valued at $186,000 after purchasing an additional 4,176 shares during the period. Verition Fund Management LLC raised its stake in shares of Montauk Renewables by 12.4% in the third quarter. Verition Fund Management LLC now owns 44,739 shares of the company's stock valued at $233,000 after purchasing an additional 4,947 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in Montauk Renewables by 13.5% in the second quarter. XTX Topco Ltd now owns 52,255 shares of the company's stock worth $298,000 after purchasing an additional 6,226 shares during the period. 16.35% of the stock is currently owned by institutional investors and hedge funds.
Montauk Renewables Stock Performance
Montauk Renewables stock traded up $0.02 on Thursday, hitting $4.18. The company's stock had a trading volume of 153,737 shares, compared to its average volume of 185,724. Montauk Renewables, Inc. has a one year low of $3.38 and a one year high of $8.03. The firm has a market cap of $599.29 million, a P/E ratio of 26.13 and a beta of -0.26. 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 company has a fifty day moving average price of $4.22 and a 200-day moving average price of $4.83.
Montauk Renewables Company Profile
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Free Report)
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.
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