191,896 Shares in AirJoule Technologies Corporation $AIRJ Acquired by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital acquired 191,896 shares of AirJoule Technologies worth approximately $482,000, while institutional investors collectively own 63.65% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $8.25, despite one sell rating.
• AirJoule reported a quarterly loss of $0.74 per share, missing the $0.06-per-share consensus estimate by $0.68; shares opened at $5.92, compared with a 52-week range of $2.22 to $6.75.

Arrowstreet Capital Limited Partnership acquired a new stake in AirJoule Technologies Corporation (NASDAQ:AIRJ - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 191,896 shares of the company's stock, valued at approximately $482,000. Arrowstreet Capital Limited Partnership owned approximately 0.28% of AirJoule Technologies as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in AirJoule Technologies by 8,851.2% during the fourth quarter. Bank of America Corp DE now owns 11,189 shares of the company's stock worth $89,000 after buying an additional 11,064 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of AirJoule Technologies by 46.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 85,150 shares of the company's stock valued at $393,000 after purchasing an additional 26,995 shares during the period. Jane Street Group LLC grew its stake in shares of AirJoule Technologies by 103.2% in the 1st quarter. Jane Street Group LLC now owns 29,956 shares of the company's stock valued at $138,000 after purchasing an additional 15,212 shares during the period. Geode Capital Management LLC raised its holdings in shares of AirJoule Technologies by 111.1% in the 2nd quarter. Geode Capital Management LLC now owns 517,203 shares of the company's stock worth $2,395,000 after buying an additional 272,253 shares in the last quarter. Finally, Creative Planning bought a new position in shares of AirJoule Technologies during the 2nd quarter worth approximately $441,000. Institutional investors own 63.65% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of AirJoule Technologies from a "sell (e+)" rating to a "sell (d)" rating in a research report on Monday, May 18th. HC Wainwright reiterated a "buy" rating and set a $12.00 price objective on shares of AirJoule Technologies in a report on Monday, May 18th. Seaport Research Partners started coverage on AirJoule Technologies in a research report on Friday, May 8th. They set a "buy" rating and a $7.00 price target for the company. Finally, B. Riley Financial began coverage on AirJoule Technologies in a research report on Thursday, April 30th. They set a "buy" rating and a $6.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, AirJoule Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $8.25.

AirJoule Technologies Stock Performance

Shares of NASDAQ AIRJ opened at $5.92 on Friday. AirJoule Technologies Corporation has a 52 week low of $2.22 and a 52 week high of $6.75. The stock has a market capitalization of $428.61 million, a P/E ratio of -5.19 and a beta of 0.86. The stock's fifty day moving average is $4.65 and its 200 day moving average is $3.79.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.68). Equities research analysts forecast that AirJoule Technologies Corporation will post -0.14 earnings per share for the current year.

About AirJoule Technologies

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.

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