ReNew Energy Global PLC (NASDAQ:RNW) Shares Acquired by Victory Capital Management Inc.

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. lifted its position in shares of ReNew Energy Global PLC (NASDAQ:RNW - Free Report) by 30.9% during 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 buying an additional 35,690 shares during the quarter. Victory Capital Management Inc.'s holdings in ReNew Energy Global were worth $891,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in shares of ReNew Energy Global during the 4th quarter worth about $25,000. BNP Paribas Financial Markets purchased a new position in shares of ReNew Energy Global during the 4th quarter worth about $25,000. Hsbc Holdings PLC boosted 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 purchasing an additional 4,799 shares during the period. Barclays PLC boosted its position in 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 buying an additional 5,742 shares during the period. Finally, Mariner LLC boosted its position in ReNew Energy Global by 22.7% in the 4th quarter. Mariner LLC now owns 31,340 shares of the company's stock valued at $214,000 after buying an additional 5,801 shares during the period. Hedge funds and other institutional investors own 43.56% of the company's stock.

ReNew Energy Global Stock Down 0.2%

Shares of RNW traded down $0.02 during mid-day trading on Monday, hitting $7.59. The company's stock had a trading volume of 106,413 shares, compared to its average volume of 988,370. The company's 50-day moving average is $7.15 and its 200-day moving average is $6.63. ReNew Energy Global PLC has a 52-week low of $5.15 and a 52-week high of $7.76. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 47.41 and a beta of 0.89. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 4.44.

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.