Tejara Capital Ltd decreased its holdings in ReNew Energy Global Plc (NASDAQ:RNW – Free Report) by 9.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 261,440 shares of the company’s stock after selling 28,300 shares during the quarter. ReNew Energy Global accounts for about 1.1% of Tejara Capital Ltd’s investment portfolio, making the stock its 25th largest position. Tejara Capital Ltd’s holdings in ReNew Energy Global were worth $1,786,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in RNW. Signaturefd LLC purchased a new position in shares of ReNew Energy Global in the fourth quarter worth approximately $65,000. SG Americas Securities LLC purchased a new position in shares of ReNew Energy Global in the fourth quarter worth approximately $75,000. Quantbot Technologies LP boosted its holdings in shares of ReNew Energy Global by 454.7% in the third quarter. Quantbot Technologies LP now owns 15,788 shares of the company’s stock worth $99,000 after buying an additional 12,942 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of ReNew Energy Global in the fourth quarter worth approximately $107,000. Finally, Barclays PLC boosted its holdings in shares of ReNew Energy Global by 382.5% in the third quarter. Barclays PLC now owns 26,381 shares of the company’s stock worth $166,000 after buying an additional 20,913 shares during the last quarter. Hedge funds and other institutional investors own 43.56% of the company’s stock.
ReNew Energy Global Price Performance
Shares of NASDAQ:RNW opened at $6.18 on Tuesday. The company has a debt-to-equity ratio of 4.74, a current ratio of 0.60 and a quick ratio of 0.64. ReNew Energy Global Plc has a 1-year low of $5.15 and a 1-year high of $7.49. The company has a market capitalization of $2.24 billion, a P/E ratio of 123.60 and a beta of 0.89. The firm’s 50 day simple moving average is $6.50 and its two-hundred day simple moving average is $6.27.
Wall Street Analysts Forecast Growth
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.
Check Out Our Latest Analysis on ReNew Energy Global
About ReNew Energy Global
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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