ReNew Energy Global PLC (NASDAQ:RNW) Shares Sold by Helikon Investments Ltd

Key Points

• Helikon Investments Ltd significantly reduced its stake in ReNew Energy Global PLC by 90.5%, owning only 210,288 shares after selling over 1.9 million shares in the first quarter.
• Other institutional investors have been active, with Millennium Management LLC increasing its stake by 8.9%, while TT International Asset Management LTD raised its holdings by 102.7% during the same period.
• The stock currently trades at $7.45 with a market cap of $2.70 billion, and has shown price fluctuations between a low of $5.15 and a high of $7.76 over the past year.

Helikon Investments Ltd trimmed its position in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 90.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,288 shares of the company's stock after selling 1,993,958 shares during the period. ReNew Energy Global makes up about 0.1% of Helikon Investments Ltd's holdings, making the stock its 21st biggest holding. Helikon Investments Ltd owned 0.06% of ReNew Energy Global worth $1,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RNW. BNP Paribas Financial Markets acquired a new stake in ReNew Energy Global in the 4th quarter valued at $25,000. Point72 Asset Management L.P. acquired a new stake in ReNew Energy Global in the 4th quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ReNew Energy Global in the 4th quarter valued at $52,000. MQS Management LLC acquired a new stake in ReNew Energy Global in the 1st quarter valued at $83,000. Finally, Signaturefd LLC grew its stake in shares of ReNew Energy Global by 81.6% during the first quarter. Signaturefd LLC now owns 17,245 shares of the company's stock valued at $102,000 after acquiring an additional 7,749 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors and hedge funds.

ReNew Energy Global Stock Up 0.5%

Shares of ReNew Energy Global stock traded up $0.04 during trading hours on Wednesday, hitting $7.56. 325,102 shares of the company's stock traded hands, compared to its average volume of 970,665. The stock has a 50 day simple moving average of $7.24 and a 200-day simple moving average of $6.67. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 4.44. The company has a market cap of $2.74 billion, a PE ratio of 47.22 and a beta of 0.89. ReNew Energy Global PLC has a twelve month low of $5.15 and a twelve month high of $7.76.

About ReNew Energy Global

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.