MQS Management LLC Sells 17,346 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

MQS Management LLC decreased its position in ReNew Energy Global Plc (NASDAQ:RNW) by 60.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,210 shares of the company’s stock after selling 17,346 shares during the period. MQS Management LLC’s holdings in ReNew Energy Global were worth $70,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in ReNew Energy Global in the fourth quarter worth about $113,000. Everett Harris & Co. CA purchased a new position in ReNew Energy Global in the 1st quarter worth approximately $90,000. Mercer Global Advisors Inc. ADV lifted its position in ReNew Energy Global by 12.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 15,187 shares of the company’s stock valued at $95,000 after acquiring an additional 1,709 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in ReNew Energy Global during the 4th quarter valued at $136,000. Finally, Syon Capital LLC increased its holdings in shares of ReNew Energy Global by 89.4% in the 4th quarter. Syon Capital LLC now owns 32,395 shares of the company’s stock worth $248,000 after purchasing an additional 15,295 shares in the last quarter. 43.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm lowered their price target on ReNew Energy Global from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, August 19th.

ReNew Energy Global Trading Down 0.2 %

Shares of RNW stock opened at $6.56 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.66 and a debt-to-equity ratio of 4.65. ReNew Energy Global Plc has a 12-month low of $4.78 and a 12-month high of $7.79. The stock has a market capitalization of $2.45 billion, a P/E ratio of 54.67 and a beta of 0.92. The firm’s 50 day moving average is $5.84 and its 200 day moving average is $5.98.

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.