TT International Asset Management LTD grew its stake in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 102.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 301,392 shares of the company's stock after buying an additional 152,691 shares during the quarter. TT International Asset Management LTD owned about 0.08% of ReNew Energy Global worth $1,775,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GAM Holding AG bought a new stake in shares of ReNew Energy Global in the 1st quarter worth approximately $942,000. FNY Investment Advisers LLC raised its holdings in shares of ReNew Energy Global by 42.0% in the 1st quarter. FNY Investment Advisers LLC now owns 71,777 shares of the company's stock worth $422,000 after purchasing an additional 21,230 shares in the last quarter. Alpine Global Management LLC bought a new stake in shares of ReNew Energy Global in the 4th quarter worth approximately $990,000. Vident Advisory LLC bought a new stake in shares of ReNew Energy Global in the 4th quarter worth approximately $206,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ReNew Energy Global in the 4th quarter worth approximately $52,000. 43.56% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Roth Mkm dropped their target price on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a research report on Friday, February 21st.
Get Our Latest Stock Report on RNW
ReNew Energy Global Trading Down 2.2%
Shares of ReNew Energy Global stock traded down $0.15 during trading on Friday, hitting $6.55. The stock had a trading volume of 1,323,213 shares, compared to its average volume of 980,104. The stock has a 50 day simple moving average of $6.63 and a 200 day simple moving average of $6.52. The company has a market capitalization of $2.38 billion, a PE ratio of 40.94 and a beta of 0.89. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 4.44. ReNew Energy Global PLC has a 1 year low of $5.15 and a 1 year high of $7.49.
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.
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