JPMorgan Chase & Co. Acquires 122,072 Shares of Montauk Renewables, Inc. (NASDAQ:MNTK)

JPMorgan Chase & Co. lifted its holdings in Montauk Renewables, Inc. (NASDAQ:MNTK) by 237.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 173,483 shares of the company’s stock after purchasing an additional 122,072 shares during the quarter. JPMorgan Chase & Co.’s holdings in Montauk Renewables were worth $904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC grew its position in Montauk Renewables by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,636,368 shares of the company’s stock worth $8,527,000 after purchasing an additional 9,203 shares during the period. State Street Corp lifted its holdings in shares of Montauk Renewables by 1.6% during the 3rd quarter. State Street Corp now owns 1,613,351 shares of the company’s stock valued at $8,406,000 after buying an additional 25,732 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Montauk Renewables by 1.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 702,914 shares of the company’s stock worth $4,007,000 after buying an additional 10,711 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Montauk Renewables in the second quarter worth $962,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Montauk Renewables by 8.7% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 165,285 shares of the company’s stock valued at $861,000 after acquiring an additional 13,228 shares during the last quarter. 16.35% of the stock is owned by institutional investors.

Montauk Renewables Trading Up 0.7 %

Shares of NASDAQ:MNTK opened at $4.51 on Friday. The stock’s 50-day simple moving average is $4.15 and its two-hundred day simple moving average is $4.79. The stock has a market capitalization of $646.60 million, a price-to-earnings ratio of 28.19 and a beta of -0.26. Montauk Renewables, Inc. has a 52-week low of $3.38 and a 52-week high of $7.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04.

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.