Corient Private Wealth LP Has $8.67 Million Holdings in AirJoule Technologies Corporation $AIRJ

Key Points

• Corient Private Wealth reduced its AirJoule Technologies stake by 19.5% in the second quarter, selling 379,735 shares. It still held 1.57 million shares worth approximately $8.67 million, representing 2.13% of the company.
• AirJoule reported a quarterly loss of $0.12 per share, missing analysts’ $0.08-loss estimate. The stock opened at $4.08, compared with a 52-week range of $2.22 to $6.75.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and a $9.50 price target. Institutional investors and hedge funds collectively own 63.65% of AirJoule shares.

Corient Private Wealth LP lessened its holdings in AirJoule Technologies Corporation (NASDAQ:AIRJ - Free Report) by 19.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,565,614 shares of the company's stock after selling 379,735 shares during the period. Corient Private Wealth LP owned about 2.13% of AirJoule Technologies worth $8,674,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AIRJ. Operose Advisors LLC acquired a new position in AirJoule Technologies during the 2nd quarter worth approximately $100,000. Concurrent Investment Advisors LLC bought a new stake in AirJoule Technologies during the 2nd quarter worth $144,000. Bank of America Corp DE increased its holdings in AirJoule Technologies by 63.5% in the 1st quarter. Bank of America Corp DE now owns 25,779 shares of the company's stock worth $65,000 after purchasing an additional 10,011 shares in the last quarter. Renaissance Technologies LLC raised its position in AirJoule Technologies by 36.8% in the first quarter. Renaissance Technologies LLC now owns 393,200 shares of the company's stock valued at $987,000 after purchasing an additional 105,700 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in AirJoule Technologies in the first quarter valued at about $482,000. Institutional investors and hedge funds own 63.65% of the company's stock.

AirJoule Technologies Price Performance

Shares of AIRJ opened at $4.08 on Thursday. AirJoule Technologies Corporation has a one year low of $2.22 and a one year high of $6.75. The company has a market cap of $299.27 million, a PE ratio of -3.14 and a beta of 0.87. The stock has a 50-day moving average of $4.74 and a 200-day moving average of $4.13.

AirJoule Technologies (NASDAQ:AIRJ - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.04). Analysts expect that AirJoule Technologies Corporation will post -0.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AIRJ. Needham & Company LLC assumed coverage on AirJoule Technologies in a research note on Monday, August 31st. They set a "hold" rating on the stock. B. Riley Financial raised their price objective on shares of AirJoule Technologies from $6.00 to $8.00 and gave the company a "buy" rating in a report on Monday, August 17th. Weiss Ratings reiterated a "sell (d)" rating on shares of AirJoule Technologies in a research report on Thursday, August 13th. Finally, UBS Group set a $10.00 target price on shares of AirJoule Technologies in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $9.50.

AirJoule Technologies Company Profile

AirJoule Technologies Corp. develops atmospheric water harvesting and energy-efficiency technologies. Its proprietary AirJoule technology is designed to extract water vapor from ambient air and produce usable water, while also supporting dehumidification and cooling applications.

The company's products and systems are intended for use in commercial, industrial, agricultural and other settings where access to water or efficient humidity control is important. AirJoule technologies may be deployed as standalone water-generation systems or integrated into heating, ventilation and air-conditioning infrastructure.

AirJoule Technologies was formerly known as Montana Technologies Corporation.

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