168,849 Shares in Montauk Renewables, Inc. (NASDAQ:MNTK) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new stake in Montauk Renewables, Inc. (NASDAQ:MNTK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 168,849 shares of the company's stock, valued at approximately $962,000. Marshall Wace LLP owned approximately 0.12% of Montauk Renewables as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MNTK. Principal Financial Group Inc. lifted its holdings in Montauk Renewables by 8.9% during the 2nd quarter. Principal Financial Group Inc. now owns 25,902 shares of the company's stock worth $148,000 after buying an additional 2,107 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Montauk Renewables by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 92,138 shares of the company's stock worth $525,000 after buying an additional 2,366 shares during the last quarter. CWM LLC raised its stake in Montauk Renewables by 1,425.5% during the 2nd quarter. CWM LLC now owns 4,485 shares of the company's stock worth $26,000 after acquiring an additional 4,191 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Montauk Renewables by 7.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,993 shares of the company's stock valued at $348,000 after acquiring an additional 4,477 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in Montauk Renewables by 13.5% in the second quarter. XTX Topco Ltd now owns 52,255 shares of the company's stock valued at $298,000 after acquiring an additional 6,226 shares in the last quarter. 16.35% of the stock is owned by hedge funds and other institutional investors.

Montauk Renewables Stock Performance

MNTK stock traded down $0.14 on Tuesday, hitting $5.42. The company's stock had a trading volume of 102,744 shares, compared to its average volume of 295,092. The stock has a market cap of $778.84 million, a price-to-earnings ratio of 37.07 and a beta of -0.20. The firm has a 50 day moving average of $4.80 and a two-hundred day moving average of $4.80. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.19. Montauk Renewables, Inc. has a 1 year low of $3.38 and a 1 year high of $10.95.

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

Analyst Ratings Changes

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

Montauk Renewables 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.