Montana Technologies Co. (NASDAQ:AIRJ) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC lifted its stake in shares of Montana Technologies Co. (NASDAQ:AIRJ - Free Report) by 66.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 145,324 shares of the company's stock after purchasing an additional 57,824 shares during the quarter. Kovitz Investment Group Partners LLC owned about 0.26% of Montana Technologies worth $1,158,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. U.S. Capital Wealth Advisors LLC raised its holdings in Montana Technologies by 19.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company's stock valued at $147,000 after acquiring an additional 3,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Montana Technologies by 2.7% during the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock worth $1,086,000 after buying an additional 4,905 shares during the period. Heritage Financial Services LLC acquired a new stake in Montana Technologies in the 4th quarter worth about $99,000. Charles Schwab Investment Management Inc. grew its holdings in Montana Technologies by 72.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the company's stock valued at $958,000 after buying an additional 50,486 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Montana Technologies during the 4th quarter valued at about $811,000. Hedge funds and other institutional investors own 63.65% of the company's stock.

Montana Technologies Stock Down 0.6 %

Shares of Montana Technologies stock traded down $0.03 during trading hours on Friday, hitting $5.20. The company's stock had a trading volume of 73,023 shares, compared to its average volume of 72,974. The company has a market capitalization of $291.19 million, a PE ratio of 27.37 and a beta of 0.51. The business has a fifty day moving average of $6.05 and a 200 day moving average of $7.25. Montana Technologies Co. has a 1-year low of $4.25 and a 1-year high of $21.78.

Montana Technologies (NASDAQ:AIRJ - Get Free Report) last issued its quarterly earnings data on Tuesday, March 25th. The company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.16). On average, sell-side analysts anticipate that Montana Technologies Co. will post 4.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AIRJ shares. Alliance Global Partners assumed coverage on shares of Montana Technologies in a report on Monday, February 24th. They issued a "buy" rating and a $11.00 target price for the company. HC Wainwright restated a "buy" rating and set a $12.00 price objective on shares of Montana Technologies in a report on Thursday, March 27th.

About Montana Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.