Aperture Investors LLC Boosts Holdings in ReNew Energy Global PLC $RNW

Key Points

• Aperture Investors LLC increased its stake in ReNew Energy Global PLC by 18.7%, holding a total of 604,807 shares valued at approximately $3.56 million.
• ReNew Energy Global reported earnings of $0.16 per share for the latest quarter, surpassing expectations of $0.11 by $0.05, with revenues of $480.35 million.
• The company's stock has shown significant movement, with a 52-week low of $5.15 and a high of $7.89, currently trading around $7.52.

Aperture Investors LLC grew its position in ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 18.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 604,807 shares of the company's stock after acquiring an additional 95,471 shares during the quarter. Aperture Investors LLC owned about 0.17% of ReNew Energy Global worth $3,562,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RNW. Barclays PLC boosted its stake in shares of ReNew Energy Global by 21.8% in the fourth 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. Mariner LLC boosted its stake 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 acquiring an additional 5,801 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of ReNew Energy Global by 40.3% in the fourth quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock worth $115,000 after acquiring an additional 4,799 shares during the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of ReNew Energy Global by 25.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 140,191 shares of the company's stock worth $958,000 after acquiring an additional 28,633 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of ReNew Energy Global in the fourth quarter worth approximately $268,000. 43.56% of the stock is owned by institutional investors and hedge funds.

ReNew Energy Global Price Performance

NASDAQ RNW traded up $0.09 during trading hours on Monday, hitting $7.61. 618,666 shares of the company's stock traded hands, compared to its average volume of 765,940. The company has a market capitalization of $2.76 billion, a PE ratio of 23.78 and a beta of 0.89. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.77 and a quick ratio of 0.73. ReNew Energy Global PLC has a 52-week low of $5.15 and a 52-week high of $7.89. The firm's 50-day moving average is $7.49 and its 200-day moving average is $6.78.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. The business had revenue of $480.35 million for the quarter, compared to analysts' expectations of $32.46 billion. ReNew Energy Global had a return on equity of 8.34% and a net margin of 5.77%. Equities analysts forecast that ReNew Energy Global PLC will post 0.15 EPS for the current fiscal year.

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.