Squarepoint Ops LLC Sells 46,969 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

Squarepoint Ops LLC trimmed its position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 58.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,883 shares of the company's stock after selling 46,969 shares during the quarter. Squarepoint Ops LLC's holdings in ReNew Energy Global were worth $225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RNW. Point72 Asset Management L.P. acquired a new position in shares of ReNew Energy Global during the 4th quarter worth about $25,000. BNP Paribas Financial Markets acquired a new position in shares of ReNew Energy Global during the 4th quarter worth about $25,000. Hsbc Holdings PLC grew its position 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 period. Summit Securities Group LLC acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at approximately $34,000. Finally, Barclays PLC grew its position in shares of ReNew Energy Global by 21.8% in the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock valued at $219,000 after purchasing an additional 5,742 shares during the period. 43.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Roth Mkm decreased their price objective on ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating for the company in a research report on Friday, February 21st.

ReNew Energy Global Stock Down 2.9%

NASDAQ RNW traded down $0.20 during trading on Wednesday, hitting $6.80. The stock had a trading volume of 1,006,744 shares, compared to its average volume of 974,392. The company has a market capitalization of $2.47 billion, a PE ratio of 136.00 and a beta of 0.89. The company's 50-day moving average price is $6.49 and its two-hundred day moving average price is $6.48. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.64 and a current ratio of 0.60. ReNew Energy Global Plc has a 12 month low of $5.15 and a 12 month high of $7.49.

About ReNew Energy Global

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.