Montauk Renewables, Inc. (NASDAQ:MNTK) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 496,406 shares of the company’s stock after selling 20,318 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Montauk Renewables were worth $1,976,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MNTK. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Montauk Renewables by 105.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company’s stock worth $26,000 after buying an additional 2,509 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Montauk Renewables during the 4th quarter worth approximately $40,000. ABC Arbitrage SA purchased a new position in Montauk Renewables in the 4th quarter worth approximately $55,000. Townsquare Capital LLC acquired a new stake in Montauk Renewables in the third quarter valued at approximately $75,000. Finally, SG Americas Securities LLC raised its stake in shares of Montauk Renewables by 45.2% during the fourth quarter. SG Americas Securities LLC now owns 31,715 shares of the company’s stock valued at $126,000 after purchasing an additional 9,877 shares during the period. 16.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. B. Riley reduced their target price on shares of Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Friday, March 14th. UBS Group dropped their price objective on shares of Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th.

Montauk Renewables Price Performance

Shares of MNTK opened at $2.09 on Friday. The stock’s fifty day moving average is $3.57 and its 200-day moving average is $4.31. The firm has a market capitalization of $297.69 million, a price-to-earnings ratio of 13.06 and a beta of -0.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04. Montauk Renewables, Inc. has a one year low of $2.00 and a one year high of $6.22.

Montauk Renewables (NASDAQ:MNTK) last announced its earnings results on Thursday, March 13th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.11). Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%. The firm had revenue of $27.74 million for the quarter, compared to the consensus estimate of $59.92 million. Equities analysts anticipate that Montauk Renewables, Inc. will post 0.19 EPS for the current year.

Montauk Renewables Profile

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.