ReNew Energy Global Plc (NASDAQ:RNW) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in shares of ReNew Energy Global Plc (NASDAQ:RNW) by 148.6% during the fourth quarter, HoldingsChannel reports. The firm owned 39,254 shares of the company’s stock after buying an additional 23,466 shares during the period. Quantbot Technologies LP’s holdings in ReNew Energy Global were worth $268,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC purchased a new position in ReNew Energy Global in the 4th quarter worth approximately $65,000. SG Americas Securities LLC purchased a new position in shares of ReNew Energy Global in the fourth quarter valued at $75,000. Ballentine Partners LLC purchased a new position in shares of ReNew Energy Global in the fourth quarter valued at $107,000. Barclays PLC grew its holdings in ReNew Energy Global by 382.5% during 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. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in ReNew Energy Global by 206.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 38,861 shares of the company’s stock worth $265,000 after buying an additional 26,189 shares in the last quarter. Hedge funds and other institutional investors own 43.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm lowered their target price on ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, February 21st.

ReNew Energy Global Price Performance

RNW stock opened at $6.01 on Friday. The stock’s 50 day moving average is $6.39 and its two-hundred day moving average is $6.29. ReNew Energy Global Plc has a 52-week low of $5.15 and a 52-week high of $7.49. The company has a market capitalization of $2.18 billion, a PE ratio of 120.20 and a beta of 0.89. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74.

ReNew Energy Global (NASDAQ:RNW) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company 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 predict that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.

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.