Lazard Asset Management LLC decreased its holdings in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 51.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,701 shares of the company's stock after selling 65,879 shares during the quarter. Lazard Asset Management LLC's holdings in ReNew Energy Global were worth $421,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of ReNew Energy Global in the fourth quarter worth approximately $25,000. Hsbc Holdings PLC boosted its holdings in shares of ReNew Energy Global by 40.3% in the 4th quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock valued at $115,000 after purchasing an additional 4,799 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at $34,000. Everett Harris & Co. CA grew its stake in shares of ReNew Energy Global by 14.3% during the 4th quarter. Everett Harris & Co. CA now owns 40,000 shares of the company's stock valued at $273,000 after buying an additional 5,000 shares during the period. Finally, Barclays PLC increased its holdings in shares of ReNew Energy Global by 21.8% during the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock worth $219,000 after buying an additional 5,742 shares during the last quarter. Hedge funds and other institutional investors own 43.56% of the company's stock.
ReNew Energy Global Trading Down 0.5%
Shares of ReNew Energy Global stock traded down $0.04 during trading hours on Wednesday, hitting $6.97. The company's stock had a trading volume of 59,943 shares, compared to its average volume of 981,078. The business has a fifty day moving average of $6.31 and a 200 day moving average of $6.38. ReNew Energy Global Plc has a 1-year low of $5.15 and a 1-year high of $7.49. 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 company has a market capitalization of $2.53 billion, a PE ratio of 139.30 and a beta of 0.88.
Wall Street Analyst Weigh In
Separately, Roth Mkm reduced their target price on ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a report on Friday, February 21st.
View Our Latest Analysis on RNW
ReNew Energy Global Profile
(
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.
Further Reading
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