Montauk Renewables, Inc. (NASDAQ:MNTK) Position Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Montauk Renewables, Inc. (NASDAQ:MNTK) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,290 shares of the company’s stock after selling 5,081 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Montauk Renewables were worth $1,179,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MNTK. Dimensional Fund Advisors LP increased its holdings 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 valued at $4,007,000 after acquiring an additional 10,711 shares during the last quarter. SIR Capital Management L.P. increased its stake in Montauk Renewables by 91.2% during the second quarter. SIR Capital Management L.P. now owns 326,074 shares of the company’s stock valued at $1,859,000 after purchasing an additional 155,546 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Montauk Renewables by 3.0% during the second quarter. Bank of New York Mellon Corp now owns 263,278 shares of the company’s stock worth $1,501,000 after purchasing an additional 7,558 shares during the period. Marshall Wace LLP bought a new position in shares of Montauk Renewables in the 2nd quarter worth about $962,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Montauk Renewables by 8.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 165,285 shares of the company’s stock valued at $861,000 after buying an additional 13,228 shares during the period. Institutional investors and hedge funds own 16.35% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank reiterated a “sector perform” rating and set a $6.00 price objective (down previously from $8.00) on shares of Montauk Renewables in a research note on Tuesday, September 3rd.

Montauk Renewables Stock Up 0.3 %

MNTK stock opened at $3.95 on Wednesday. The stock has a market cap of $566.30 million, a PE ratio of 24.69 and a beta of -0.30. The firm’s 50-day simple moving average is $4.88 and its 200 day simple moving average is $5.02. Montauk Renewables, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $9.38. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17.

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.