Marshall Wace LLP Takes $811,000 Position in Montana Technologies Co. (NASDAQ:AIRJ)

Marshall Wace LLP acquired a new stake in Montana Technologies Co. (NASDAQ:AIRJ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 101,856 shares of the company's stock, valued at approximately $811,000. Marshall Wace LLP owned about 0.18% of Montana Technologies at the end of the most recent quarter.

Several other large investors have also modified their holdings of AIRJ. Heritage Financial Services LLC purchased a new stake in Montana Technologies in the 4th quarter valued at $99,000. U.S. Capital Wealth Advisors LLC increased its stake in Montana Technologies by 19.4% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company's stock valued at $147,000 after purchasing an additional 3,000 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Montana Technologies by 72.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the company's stock valued at $958,000 after buying an additional 50,486 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Montana Technologies by 2.7% during the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock worth $1,086,000 after buying an additional 4,905 shares during the period. 63.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on AIRJ. HC Wainwright reaffirmed a "buy" rating and set a $12.00 price objective on shares of Montana Technologies in a research note on Thursday, March 27th. Alliance Global Partners started coverage on Montana Technologies in a report on Monday, February 24th. They set a "buy" rating and a $11.00 price target for the company.

Montana Technologies Trading Down 5.2 %

Shares of NASDAQ:AIRJ traded down $0.24 during midday trading on Tuesday, hitting $4.36. The stock had a trading volume of 30,999 shares, compared to its average volume of 65,894. The company has a market capitalization of $244.15 million, a PE ratio of 22.94 and a beta of 0.49. Montana Technologies Co. has a 1 year low of $4.25 and a 1 year high of $21.78. The stock has a 50 day moving average price of $6.00 and a two-hundred day moving average price of $7.26.

Montana Technologies (NASDAQ:AIRJ - Get Free Report) last released its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.16). As a group, equities analysts expect that Montana Technologies Co. will post 4.97 EPS for the current year.

Montana Technologies Company Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.