Invesco Ltd. lessened its position in shares of ReNew Energy Global Plc (NASDAQ:RNW - Free Report) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,119,969 shares of the company's stock after selling 402,921 shares during the quarter. Invesco Ltd. owned about 0.58% of ReNew Energy Global worth $14,479,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of ReNew Energy Global in the 4th quarter valued at $34,000. Signaturefd LLC acquired a new stake in ReNew Energy Global during the 4th quarter valued at approximately $65,000. SG Americas Securities LLC purchased a new stake in shares of ReNew Energy Global in the 4th quarter valued at $75,000. Ballentine Partners LLC acquired a new stake in shares of ReNew Energy Global in the fourth quarter worth $107,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of ReNew Energy Global during the fourth quarter worth $133,000. 43.56% of the stock is owned by institutional investors and hedge funds.
ReNew Energy Global Stock Performance
ReNew Energy Global stock traded down $0.08 during mid-day trading on Friday, hitting $6.44. The company had a trading volume of 77,610 shares, compared to its average volume of 1,060,084. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74. The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of 128.70 and a beta of 0.89. The company's fifty day moving average is $6.13 and its 200-day moving average is $6.25. ReNew Energy Global Plc has a 12-month low of $5.15 and a 12-month high of $7.49.
ReNew Energy Global (NASDAQ:RNW - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.75%. The firm had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. Equities research analysts predict that ReNew Energy Global Plc will post 0.15 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, Roth Mkm lowered their price target on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating on the stock in a report on Friday, February 21st.
View Our Latest Stock Analysis on ReNew Energy Global
About ReNew Energy Global
(
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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