Renaissance Technologies LLC Has $1.34 Million Stock Position in Montauk Renewables, Inc. (NASDAQ:MNTK)

Renaissance Technologies LLC cut its holdings in Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) by 42.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 234,300 shares of the company's stock after selling 172,272 shares during the quarter. Renaissance Technologies LLC owned about 0.16% of Montauk Renewables worth $1,336,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of MNTK. Dimensional Fund Advisors LP lifted its stake in Montauk Renewables by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 702,914 shares of the company's stock valued at $4,007,000 after buying an additional 10,711 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Montauk Renewables by 64.0% during the second quarter. American Century Companies Inc. now owns 95,793 shares of the company's stock worth $546,000 after acquiring an additional 37,384 shares during the period. SIR Capital Management L.P. lifted its position in Montauk Renewables by 91.2% in the 2nd quarter. SIR Capital Management L.P. now owns 326,074 shares of the company's stock valued at $1,859,000 after acquiring an additional 155,546 shares in the last quarter. Rhumbline Advisers boosted its stake in Montauk Renewables by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 92,138 shares of the company's stock worth $525,000 after purchasing an additional 2,366 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Montauk Renewables by 8.9% in the 2nd quarter. Principal Financial Group Inc. now owns 25,902 shares of the company's stock worth $148,000 after purchasing an additional 2,107 shares during the period. 16.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Scotiabank restated a "sector perform" rating and issued a $6.00 price target (down from $8.00) on shares of Montauk Renewables in a report on Tuesday, September 3rd.

Montauk Renewables Stock Up 0.9 %

Shares of NASDAQ MNTK traded up $0.05 during midday trading on Friday, reaching $5.41. The company's stock had a trading volume of 136,465 shares, compared to its average volume of 296,991. The stock has a 50 day simple moving average of $4.80 and a 200-day simple moving average of $4.79. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $777.41 million, a price-to-earnings ratio of 36.07 and a beta of -0.20. Montauk Renewables, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $10.95.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). The business had revenue of $43.34 million for the quarter, compared to the consensus estimate of $50.63 million. Montauk Renewables had a return on equity of 7.52% and a net margin of 10.22%. During the same period last year, the firm earned $0.01 earnings per share. Equities research analysts predict that Montauk Renewables, Inc. will post 0.2 earnings per share for the current year.

Montauk Renewables Company Profile

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.