Schonfeld Strategic Advisors LLC Makes New $268,000 Investment in ReNew Energy Global Plc (NASDAQ:RNW)

Schonfeld Strategic Advisors LLC bought a new position in ReNew Energy Global Plc (NASDAQ:RNW - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 39,268 shares of the company's stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL grew its position in ReNew Energy Global by 25.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 140,191 shares of the company's stock worth $958,000 after acquiring an additional 28,633 shares in the last quarter. Credit Industriel ET Commercial purchased a new stake in ReNew Energy Global during the fourth quarter valued at about $273,000. Cigogne Management SA purchased a new stake in ReNew Energy Global during the fourth quarter valued at about $410,000. Alpine Global Management LLC purchased a new stake in ReNew Energy Global during the fourth quarter valued at about $990,000. Finally, Hsbc Holdings PLC boosted its position in ReNew Energy Global by 40.3% during the fourth quarter. Hsbc Holdings PLC now owns 16,710 shares of the company's stock valued at $115,000 after buying an additional 4,799 shares during the period. 43.56% of the stock is currently owned by hedge funds and other institutional investors.

ReNew Energy Global Stock Up 0.6%

Shares of NASDAQ RNW traded up $0.04 on Friday, reaching $6.72. 568,435 shares of the company's stock traded hands, compared to its average volume of 988,297. ReNew Energy Global Plc has a 12 month low of $5.15 and a 12 month high of $7.49. The business's 50 day simple moving average is $6.21 and its two-hundred day simple moving average is $6.32. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 134.40 and a beta of 0.88. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74.

ReNew Energy Global (NASDAQ:RNW - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $248.00 million for the quarter, compared to the consensus estimate of $20.22 billion. As a group, equities research analysts forecast that ReNew Energy Global Plc will post 0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price objective on shares of ReNew Energy Global from $8.00 to $7.50 and set a "buy" rating for the company in a research note on Friday, February 21st.

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.