Montauk Renewables (NASDAQ:MNTK) Rating Increased to Hold at Wall Street Zen

Key Points

• Montauk Renewables has received an upgrade from a "sell" rating to a "hold" rating by Wall Street Zen.
• The company reported a quarterly earnings miss, posting a loss of ($0.04) earnings per share, compared to a consensus estimate of $0.01.
• Institutional investors have recently increased their stakes, with Nisa Investment Advisors increasing its holdings by 799.7% in the second quarter.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Montauk Renewables Stock Performance

MNTK opened at $2.02 on Friday. Montauk Renewables has a 52-week low of $1.68 and a 52-week high of $6.04. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.23. The company has a market cap of $287.37 million, a P/E ratio of 101.00 and a beta of 0.07. The firm's 50-day moving average price is $2.14 and its 200-day moving average price is $2.22.

Montauk Renewables (NASDAQ:MNTK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). Montauk Renewables had a net margin of 1.46% and a return on equity of 1.01%. The company had revenue of $45.13 million for the quarter, compared to analyst estimates of $42.73 million. As a group, equities analysts anticipate that Montauk Renewables will post 0.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Montauk Renewables

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in Montauk Renewables by 799.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 11,696 shares of the company's stock worth $26,000 after buying an additional 10,396 shares during the period. Andina Capital Management LLC purchased a new stake in Montauk Renewables in the 1st quarter worth approximately $28,000. Allianz Asset Management GmbH boosted its position in Montauk Renewables by 61.1% in the 1st quarter. Allianz Asset Management GmbH now owns 17,400 shares of the company's stock worth $36,000 after purchasing an additional 6,600 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in Montauk Renewables in the 2nd quarter worth approximately $36,000. Finally, Simplicity Wealth LLC purchased a new stake in Montauk Renewables in the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 16.35% of the company's stock.

Montauk Renewables Company Profile

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.

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