Cubist Systematic Strategies LLC bought a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 243,385 shares of the company's stock, valued at approximately $1,662,000. Cubist Systematic Strategies LLC owned about 0.07% of ReNew Energy Global 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 stock. BNP Paribas Financial Markets bought a new position in ReNew Energy Global during the fourth quarter valued at $25,000. Summit Securities Group LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at $34,000. Signaturefd LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at $65,000. SG Americas Securities LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at $75,000. Finally, Ballentine Partners LLC purchased a new stake in shares of ReNew Energy Global in the fourth quarter valued at $107,000. Institutional investors own 43.56% of the company's stock.
Analyst Ratings Changes
Separately, Roth Mkm cut their target price on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a research report on Friday, February 21st.
Check Out Our Latest Report on ReNew Energy Global
ReNew Energy Global Trading Up 0.6%
NASDAQ:RNW traded up $0.04 on Friday, hitting $6.72. The stock had a trading volume of 568,435 shares, compared to its average volume of 988,297. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 134.40 and a beta of 0.88. The company has a fifty day moving average price of $6.21 and a two-hundred day moving average price of $6.32. ReNew Energy Global Plc has a 1-year low of $5.15 and a 1-year high of $7.49.
ReNew Energy Global (NASDAQ:RNW - Get Free Report) last announced 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%. Equities research analysts expect that ReNew Energy Global Plc will post 0.15 earnings per share for the current fiscal year.
About ReNew Energy Global
(
Free Report)
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.
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