Victory Capital Management Inc. Has $891,000 Holdings in ReNew Energy Global PLC (NASDAQ:RNW)

Key Points

• Victory Capital Management Inc. increased its stake in ReNew Energy Global PLC by 30.9%, owning 151,271 shares valued at approximately $891,000.
• A significant portion of ReNew Energy Global's stock, around 43.56%, is held by institutional investors, with several firms expanding their positions in the fourth quarter.
• As of now, the stock is trading at $7.60, with a one-year price range between $5.15 and $7.76 and a market capitalization of $2.76 billion.

Victory Capital Management Inc. increased its holdings in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 30.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 151,271 shares of the company's stock after purchasing an additional 35,690 shares during the quarter. Victory Capital Management Inc.'s holdings in ReNew Energy Global were worth $891,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Point72 Asset Management L.P. bought a new position in shares of ReNew Energy Global during the 4th quarter worth approximately $25,000. BNP Paribas Financial Markets bought a new position in shares of ReNew Energy Global during the 4th quarter worth approximately $25,000. Hsbc Holdings PLC grew its stake in shares of ReNew Energy Global by 40.3% during the 4th quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock worth $115,000 after acquiring an additional 4,799 shares in the last quarter. Barclays PLC grew its stake in shares of ReNew Energy Global by 21.8% during the 4th quarter. Barclays PLC now owns 32,123 shares of the company's stock worth $219,000 after acquiring an additional 5,742 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of ReNew Energy Global by 22.7% during the 4th quarter. Mariner LLC now owns 31,340 shares of the company's stock worth $214,000 after acquiring an additional 5,801 shares in the last quarter. 43.56% of the stock is owned by institutional investors.

ReNew Energy Global Price Performance

Shares of NASDAQ RNW remained flat at $7.60 during trading hours on Friday. The stock had a trading volume of 423,688 shares, compared to its average volume of 988,711. The stock has a market capitalization of $2.76 billion, a PE ratio of 47.50 and a beta of 0.89. The company has a debt-to-equity ratio of 4.44, a current ratio of 0.60 and a quick ratio of 0.58. ReNew Energy Global PLC has a 12 month low of $5.15 and a 12 month high of $7.76. The firm's fifty day moving average price is $7.14 and its 200 day moving average price is $6.63.

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.