101,856 Shares in Montana Technologies Co. (NASDAQ:AIRJ) Acquired by Marshall Wace LLP

Marshall Wace LLP bought a new stake in shares of Montana Technologies Co. (NASDAQ:AIRJ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 101,856 shares of the company’s stock, valued at approximately $811,000. Marshall Wace LLP owned 0.18% of Montana Technologies at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in shares of Montana Technologies by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after purchasing an additional 4,905 shares during the period. Heritage Financial Services LLC purchased a new position in Montana Technologies during the 4th quarter valued at about $99,000. U.S. Capital Wealth Advisors LLC increased its position in shares of Montana Technologies by 19.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company’s stock valued at $147,000 after buying an additional 3,000 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 buying an additional 50,486 shares in the last quarter. Hedge funds and other institutional investors own 63.65% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on AIRJ. Alliance Global Partners started coverage on shares of Montana Technologies in a research note on Monday, February 24th. They set a “buy” rating and a $11.00 price objective for the company. HC Wainwright restated a “buy” rating and set a $12.00 price target on shares of Montana Technologies in a research report on Thursday, March 27th.

Montana Technologies Stock Down 1.4 %

NASDAQ:AIRJ opened at $5.00 on Thursday. Montana Technologies Co. has a twelve month low of $4.25 and a twelve month high of $21.78. The stock has a market cap of $279.99 million, a P/E ratio of 26.32 and a beta of 0.51. The business’s 50-day moving average price is $6.15 and its two-hundred day moving average price is $7.26.

Montana Technologies (NASDAQ:AIRJ) last announced its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.16). On average, equities research analysts expect that Montana Technologies Co. will post 4.97 EPS for the current fiscal year.

Montana Technologies 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.