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

Quantbot Technologies LP boosted its position in ReNew Energy Global Plc (NASDAQ:RNW) by 148.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,254 shares of the company’s stock after purchasing 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.

A number of other hedge funds have also made changes to their positions in RNW. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ReNew Energy Global by 40.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 699,905 shares of the company’s stock worth $4,402,000 after purchasing an additional 202,100 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of ReNew Energy Global in the third quarter worth $11,585,000. The Manufacturers Life Insurance Company lifted its position in shares of ReNew Energy Global by 33.6% in the third quarter. The Manufacturers Life Insurance Company now owns 1,118,181 shares of the company’s stock valued at $7,033,000 after acquiring an additional 281,000 shares in the last quarter. Silphium Asset Management Ltd acquired a new stake in shares of ReNew Energy Global during the fourth quarter valued at $2,049,000. Finally, Helikon Investments Ltd acquired a new position in ReNew Energy Global in the 4th quarter valued at about $15,055,000. Hedge funds and other institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Trading Down 1.3 %

Shares of ReNew Energy Global stock opened at $6.01 on Friday. The firm has a market cap of $2.18 billion, a PE ratio of 120.20 and a beta of 0.89. The business’s fifty day moving average is $6.39 and its two-hundred day moving average is $6.29. ReNew Energy Global Plc has a fifty-two week low of $5.15 and a fifty-two week high of $7.49. 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 issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The company had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. ReNew Energy Global had a return on equity of 1.75% and a net margin of 2.17%. Analysts anticipate that ReNew Energy Global Plc will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.