171,759 Shares in Montauk Renewables, Inc. $MNTK Purchased by Nuveen LLC

Nuveen LLC bought a new position in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) in the 1st quarter, Holdings Channel reports. The fund bought 171,759 shares of the company’s stock, valued at approximately $359,000.

Several other hedge funds and other institutional investors have also modified their holdings of MNTK. Wells Fargo & Company MN boosted its holdings in shares of Montauk Renewables by 51.4% during the 4th quarter. Wells Fargo & Company MN now owns 30,840 shares of the company’s stock worth $123,000 after buying an additional 10,472 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Montauk Renewables by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 851,345 shares of the company’s stock worth $3,389,000 after buying an additional 46,558 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Montauk Renewables by 7.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,712 shares of the company’s stock worth $194,000 after buying an additional 3,434 shares during the period. Northern Trust Corp boosted its holdings in shares of Montauk Renewables by 3.8% during the 4th quarter. Northern Trust Corp now owns 618,629 shares of the company’s stock worth $2,462,000 after buying an additional 22,685 shares during the period. Finally, BNP Paribas Financial Markets acquired a new stake in Montauk Renewables in the 4th quarter worth about $88,000. Institutional investors own 16.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Montauk Renewables from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.33.

Montauk Renewables Price Performance

Shares of Montauk Renewables stock opened at $2.07 on Friday. Montauk Renewables, Inc. has a twelve month low of $1.68 and a twelve month high of $6.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $2.18 and a two-hundred day simple moving average of $2.30. The stock has a market capitalization of $294.48 million, a price-to-earnings ratio of 103.50 and a beta of 0.07.

Montauk Renewables (NASDAQ:MNTK) last issued its earnings results on Wednesday, August 6th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.05). The firm had revenue of $45.13 million during the quarter, compared to analyst estimates of $42.73 million. Montauk Renewables had a net margin of 1.46% and a return on equity of 1.01%. Analysts forecast that Montauk Renewables, Inc. will post 0.19 EPS for the current year.

About Montauk Renewables

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.