Helikon Investments Ltd Decreases Holdings in ReNew Energy Global PLC (NASDAQ:RNW)

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 cut its stake in ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 90.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 210,288 shares of the company's stock after selling 1,993,958 shares during the quarter. ReNew Energy Global accounts for about 0.1% of Helikon Investments Ltd's portfolio, making the stock its 21st biggest position. Helikon Investments Ltd owned approximately 0.06% of ReNew Energy Global worth $1,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RNW. Point72 Asset Management L.P. bought a new position in ReNew Energy Global during the fourth quarter valued at $25,000. BNP Paribas Financial Markets bought a new position in shares of ReNew Energy Global in the fourth quarter worth $25,000. Hsbc Holdings PLC grew its position in ReNew Energy Global by 40.3% during the fourth quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock worth $115,000 after buying an additional 4,799 shares in the last quarter. Barclays PLC increased its stake in ReNew Energy Global by 21.8% in the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock worth $219,000 after acquiring an additional 5,742 shares during the last quarter. Finally, Mariner LLC increased its position in shares of ReNew Energy Global by 22.7% in the fourth quarter. Mariner LLC now owns 31,340 shares of the company's stock worth $214,000 after purchasing an additional 5,801 shares during the last quarter. 43.56% of the stock is owned by hedge funds and other institutional investors.

ReNew Energy Global Price Performance

Shares of RNW stock traded up $0.06 during trading on Monday, hitting $7.51. The company had a trading volume of 762,074 shares, compared to its average volume of 774,395. The stock's 50-day moving average is $7.22 and its two-hundred day moving average is $6.66. ReNew Energy Global PLC has a 52 week low of $5.15 and a 52 week high of $7.76. 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 stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 46.91 and a beta of 0.89.

ReNew Energy Global Profile

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.