UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in ReNew Energy Global PLC (NASDAQ:RNW - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,883,089 shares of the company's stock, valued at approximately $34,651,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.62% of ReNew Energy Global as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Millennium Management LLC boosted its stake in shares of ReNew Energy Global by 22.9% in the 1st quarter. Millennium Management LLC now owns 6,351,699 shares of the company's stock valued at $37,412,000 after purchasing an additional 1,182,123 shares during the last quarter. Invesco Ltd. lifted its position in shares of ReNew Energy Global by 16.8% during the 1st quarter. Invesco Ltd. now owns 2,476,280 shares of the company's stock valued at $14,585,000 after acquiring an additional 356,311 shares during the period. Picton Mahoney Asset Management lifted its position in shares of ReNew Energy Global by 33.1% during the 1st quarter. Picton Mahoney Asset Management now owns 944,707 shares of the company's stock valued at $5,563,000 after acquiring an additional 234,696 shares during the period. Aperture Investors LLC lifted its position in shares of ReNew Energy Global by 18.7% during the 1st quarter. Aperture Investors LLC now owns 604,807 shares of the company's stock valued at $3,562,000 after acquiring an additional 95,471 shares during the period. Finally, Tejara Capital Ltd lifted its position in shares of ReNew Energy Global by 115.8% during the 1st quarter. Tejara Capital Ltd now owns 564,209 shares of the company's stock valued at $3,323,000 after acquiring an additional 302,769 shares during the period. 43.56% of the stock is owned by institutional investors.
ReNew Energy Global Stock Down 0.5%
Shares of ReNew Energy Global stock traded down $0.04 during trading on Friday, reaching $7.69. 348,340 shares of the company traded hands, compared to its average volume of 943,058. 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 1-year low of $5.15 and a 1-year high of $7.89. The company has a 50 day moving average price of $7.63 and a 200-day moving average price of $6.89. The firm has a market capitalization of $2.79 billion, a PE ratio of 24.02 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.05. ReNew Energy Global had a net margin of 5.77% and a return on equity of 8.34%. The company had revenue of $480.35 million for the quarter, compared to the consensus estimate of $32.46 billion. As a group, equities research analysts expect that ReNew Energy Global PLC will post 0.15 earnings per share for the current fiscal year.
ReNew Energy Global Company 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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