300,000 Shares in ReNew Energy Global Plc (NASDAQ:RNW) Acquired by Silphium Asset Management Ltd

Silphium Asset Management Ltd acquired a new stake in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 300,000 shares of the company's stock, valued at approximately $2,049,000. Silphium Asset Management Ltd owned approximately 0.08% of ReNew Energy Global at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in ReNew Energy Global by 40.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 699,905 shares of the company's stock valued at $4,402,000 after purchasing an additional 202,100 shares during the last quarter. Rubric Capital Management LP boosted its position in shares of ReNew Energy Global by 1.5% in the 3rd quarter. Rubric Capital Management LP now owns 13,706,102 shares of the company's stock worth $86,211,000 after buying an additional 200,000 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in ReNew Energy Global by 21.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 888,831 shares of the company's stock valued at $5,591,000 after acquiring an additional 156,147 shares during the last quarter. Franklin Resources Inc. purchased a new position in ReNew Energy Global during the 3rd quarter valued at about $11,585,000. Finally, The Manufacturers Life Insurance Company raised its position in ReNew Energy Global by 33.6% during the third quarter. The Manufacturers Life Insurance Company now owns 1,118,181 shares of the company's stock worth $7,033,000 after acquiring an additional 281,000 shares during the last quarter. 43.56% of the stock is owned by institutional investors and hedge funds.

ReNew Energy Global Price Performance

ReNew Energy Global stock traded up $0.02 during mid-day trading on Monday, hitting $6.32. 1,015,065 shares of the company were exchanged, compared to its average volume of 1,014,350. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.60 and a quick ratio of 0.64. ReNew Energy Global Plc has a 12-month low of $5.15 and a 12-month high of $7.49. The business's 50 day simple moving average is $6.66 and its two-hundred day simple moving average is $6.24. The company has a market capitalization of $2.29 billion, a P/E ratio of 126.40 and a beta of 0.89.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The firm had revenue of $248.00 million during the quarter, compared to analyst estimates of $20.22 billion. ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.75%. Analysts forecast that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price target on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a research report on Friday, February 21st.

ReNew Energy Global Company Profile

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.