Montana Technologies (NASDAQ:AIRJ) Shares Up 4% – Here’s What Happened

Montana Technologies Co. (NASDAQ:AIRJ)’s share price rose 4% during trading on Monday . The stock traded as high as $8.28 and last traded at $8.07. Approximately 29,056 shares traded hands during trading, a decline of 54% from the average daily volume of 63,381 shares. The stock had previously closed at $7.76.

Analyst Upgrades and Downgrades

AIRJ has been the topic of several research reports. Alliance Global Partners initiated coverage on Montana Technologies in a research note on Monday, February 24th. They set a “buy” rating and a $11.00 price target on the stock. HC Wainwright initiated coverage on Montana Technologies in a research note on Friday, December 20th. They set a “buy” rating and a $12.00 price target on the stock.

Montana Technologies Stock Performance

The business has a 50-day moving average of $8.07 and a two-hundred day moving average of $7.41.

Institutional Investors Weigh In On Montana Technologies

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Montana Technologies by 26.3% during the fourth quarter. Geode Capital Management LLC now owns 236,349 shares of the company’s stock valued at $1,883,000 after purchasing an additional 49,244 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in Montana Technologies by 66.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 145,324 shares of the company’s stock worth $1,158,000 after acquiring an additional 57,824 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Montana Technologies by 72.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the company’s stock worth $958,000 after acquiring an additional 50,486 shares in the last quarter. Marshall Wace LLP acquired a new stake in Montana Technologies in the fourth quarter worth about $811,000. Finally, HighTower Advisors LLC acquired a new stake in Montana Technologies in the third quarter worth about $342,000. Institutional investors own 63.65% of the company’s stock.

Montana Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.