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 increased its stake in ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 18.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 604,807 shares of the company's stock after purchasing an additional 95,471 shares during the period. Aperture Investors LLC owned 0.17% of ReNew Energy Global worth $3,562,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Millennium Management LLC increased its holdings in shares of ReNew Energy Global by 8.9% during the 4th quarter. Millennium Management LLC now owns 5,169,576 shares of the company's stock valued at $35,308,000 after purchasing an additional 420,831 shares in the last quarter. Invesco Ltd. lifted its position in ReNew Energy Global by 16.8% in the first quarter. Invesco Ltd. now owns 2,476,280 shares of the company's stock valued at $14,585,000 after buying an additional 356,311 shares during the last quarter. Picton Mahoney Asset Management boosted its position in ReNew Energy Global by 33.1% in the 1st quarter. Picton Mahoney Asset Management now owns 944,707 shares of the company's stock valued at $5,563,000 after buying an additional 234,696 shares during the period. Tejara Capital Ltd increased its stake in shares of ReNew Energy Global by 115.8% during the first quarter. Tejara Capital Ltd now owns 564,209 shares of the company's stock worth $3,323,000 after buying an additional 302,769 shares during the period. Finally, Fiera Capital Corp acquired a new position in ReNew Energy Global in the first quarter valued at approximately $1,865,000. 43.56% of the stock is currently owned by institutional investors and hedge funds.

ReNew Energy Global Stock Performance

Shares of RNW stock traded up $0.02 during trading hours on Wednesday, hitting $7.67. The stock had a trading volume of 418,129 shares, compared to its average volume of 965,412. The company has a debt-to-equity ratio of 4.42, a current ratio of 0.77 and a quick ratio of 0.73. The stock's 50 day moving average is $7.51 and its 200 day moving average is $6.78. ReNew Energy Global PLC has a twelve month low of $5.15 and a twelve month high of $7.89. The firm has a market capitalization of $2.78 billion, a PE ratio of 23.95 and a beta of 0.89.

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

ReNew Energy Global Company 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.