Highbridge Capital Management LLC Buys Shares of 1,120,365 374Water Inc. (NASDAQ:SCWO)

Highbridge Capital Management LLC purchased a new stake in shares of 374Water Inc. (NASDAQ:SCWO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,120,365 shares of the company’s stock, valued at approximately $765,000. Highbridge Capital Management LLC owned about 0.84% of 374Water at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of 374Water during the 4th quarter worth approximately $255,000. Geode Capital Management LLC lifted its stake in 374Water by 11.3% during the third quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock worth $2,118,000 after purchasing an additional 158,482 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of 374Water by 109.8% during the fourth quarter. JPMorgan Chase & Co. now owns 261,333 shares of the company’s stock worth $178,000 after buying an additional 136,753 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 374Water by 20.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after buying an additional 83,198 shares in the last quarter. Finally, Patron Partners LLC purchased a new stake in shares of 374Water in the 4th quarter valued at $55,000. 12.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Yaacov Nagar sold 69,570 shares of 374Water stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $0.68, for a total value of $47,307.60. Following the completion of the transaction, the insider now owns 37,050,752 shares in the company, valued at $25,194,511.36. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 521,226 shares of company stock valued at $269,744 in the last three months. 54.32% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research report on Saturday, March 22nd.

374Water Stock Performance

Shares of SCWO stock opened at $0.36 on Friday. 374Water Inc. has a fifty-two week low of $0.30 and a fifty-two week high of $1.99. The company has a 50 day moving average price of $0.40 and a 200 day moving average price of $0.92. The stock has a market capitalization of $47.77 million, a P/E ratio of -4.48 and a beta of -0.01.

374Water (NASDAQ:SCWO) last posted its quarterly earnings results on Thursday, March 27th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.10 million.

374Water Company Profile

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.