Victory Capital Management Inc. Sells 40,514 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

Victory Capital Management Inc. lessened its stake in shares of ReNew Energy Global Plc (NASDAQ:RNW) by 25.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,035 shares of the company’s stock after selling 40,514 shares during the period. Victory Capital Management Inc.’s holdings in ReNew Energy Global were worth $730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rubric Capital Management LP increased its position in shares of ReNew Energy Global by 15.3% in the second quarter. Rubric Capital Management LP now owns 13,506,102 shares of the company’s stock worth $84,278,000 after purchasing an additional 1,794,402 shares during the period. Tortoise Capital Advisors L.L.C. increased its holdings in ReNew Energy Global by 11.9% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 5,669,321 shares of the company’s stock valued at $35,377,000 after buying an additional 600,850 shares during the period. Millennium Management LLC raised its position in shares of ReNew Energy Global by 60.5% in the 2nd quarter. Millennium Management LLC now owns 4,779,016 shares of the company’s stock valued at $29,821,000 after buying an additional 1,802,191 shares in the last quarter. Carrhae Capital LLP lifted its holdings in shares of ReNew Energy Global by 69.3% during the 3rd quarter. Carrhae Capital LLP now owns 3,654,991 shares of the company’s stock worth $22,990,000 after acquiring an additional 1,495,819 shares during the period. Finally, Daymark Wealth Partners LLC boosted its position in shares of ReNew Energy Global by 49.1% during the 3rd quarter. Daymark Wealth Partners LLC now owns 1,358,779 shares of the company’s stock worth $8,547,000 after acquiring an additional 447,560 shares in the last quarter. 43.56% of the stock is owned by institutional investors and hedge funds.

ReNew Energy Global Trading Up 0.7 %

Shares of ReNew Energy Global stock opened at $6.09 on Friday. The firm has a market capitalization of $2.21 billion, a PE ratio of 101.50 and a beta of 0.95. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 4.51. The firm’s 50 day moving average is $5.87 and its 200 day moving average is $5.95. ReNew Energy Global Plc has a 1 year low of $5.15 and a 1 year high of $7.79.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Morgan Stanley downgraded shares of ReNew Energy Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, September 26th. Roth Mkm lowered their price target on ReNew Energy Global from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, August 19th.

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.