Kovitz Investment Group Partners LLC Grows Stock Position in Montana Technologies Co. (NASDAQ:AIRJ)

Kovitz Investment Group Partners LLC lifted its holdings in shares of Montana Technologies Co. (NASDAQ:AIRJ - Free Report) by 66.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,324 shares of the company's stock after buying an additional 57,824 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.26% of Montana Technologies worth $1,158,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC increased its holdings in Montana Technologies by 2.7% during the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company's stock valued at $1,086,000 after buying an additional 4,905 shares during the last quarter. Heritage Financial Services LLC purchased a new position in shares of Montana Technologies in the fourth quarter valued at about $99,000. U.S. Capital Wealth Advisors LLC boosted its stake 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 worth $147,000 after purchasing an additional 3,000 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Montana Technologies by 72.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the company's stock worth $958,000 after acquiring an additional 50,486 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Montana Technologies during the fourth quarter valued at $811,000. Hedge funds and other institutional investors own 63.65% of the company's stock.

Montana Technologies Stock Down 1.7 %

AIRJ stock traded down $0.09 during trading on Monday, hitting $5.11. 25,789 shares of the company's stock traded hands, compared to its average volume of 72,955. The firm has a market capitalization of $286.15 million, a P/E ratio of 26.89 and a beta of 0.51. Montana Technologies Co. has a 1 year low of $4.25 and a 1 year high of $21.78. The business has a fifty day simple moving average of $6.05 and a two-hundred day simple moving average of $7.27.

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

Wall Street Analyst Weigh In

AIRJ has been the subject of a number of research reports. Alliance Global Partners initiated coverage on Montana Technologies in a research report on Monday, February 24th. They set a "buy" rating and a $11.00 target price for the company. HC Wainwright reissued a "buy" rating and set a $12.00 target price on shares of Montana Technologies in a research note on Thursday, March 27th.

Montana Technologies Profile

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.