Counterpoint Mutual Funds LLC acquired a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW – Free Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 47,976 shares of the company’s stock, valued at approximately $328,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of ReNew Energy Global during the 4th quarter worth $65,000. SG Americas Securities LLC acquired a new stake in ReNew Energy Global in the 4th quarter valued at $75,000. Ballentine Partners LLC acquired a new stake in ReNew Energy Global in the 4th quarter valued at $107,000. Quantbot Technologies LP increased its holdings in ReNew Energy Global by 454.7% in the 3rd quarter. Quantbot Technologies LP now owns 15,788 shares of the company’s stock valued at $99,000 after purchasing an additional 12,942 shares in the last quarter. Finally, Barclays PLC increased its holdings in ReNew Energy Global by 382.5% in the 3rd quarter. Barclays PLC now owns 26,381 shares of the company’s stock valued at $166,000 after purchasing an additional 20,913 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors and hedge funds.
ReNew Energy Global Stock Up 1.1 %
Shares of NASDAQ RNW opened at $6.18 on Tuesday. The stock has a fifty day moving average price of $6.50 and a 200 day moving average price of $6.27. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74. The company has a market cap of $2.24 billion, a P/E ratio of 123.60 and a beta of 0.89. ReNew Energy Global Plc has a 12-month low of $5.15 and a 12-month high of $7.49.
Analysts Set New Price Targets
Separately, Roth Mkm lowered their price target on ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, February 21st.
Read Our Latest Analysis on ReNew Energy Global
ReNew Energy Global 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.
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