Montauk Renewables, Inc. (NASDAQ:MNTK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 226,290 shares of the company’s stock after selling 5,081 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Montauk Renewables worth $1,179,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MNTK. SIR Capital Management L.P. increased its position in Montauk Renewables by 91.2% during the second quarter. SIR Capital Management L.P. now owns 326,074 shares of the company’s stock worth $1,859,000 after purchasing an additional 155,546 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Montauk Renewables in the 3rd quarter worth $114,000. Assenagon Asset Management S.A. acquired a new position in Montauk Renewables in the second quarter valued at $373,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Montauk Renewables by 16.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,749 shares of the company’s stock valued at $369,000 after acquiring an additional 9,756 shares during the period. Finally, CWM LLC raised its holdings in shares of Montauk Renewables by 1,425.5% in the 2nd quarter. CWM LLC now owns 4,485 shares of the company’s stock worth $26,000 after purchasing an additional 4,191 shares during the period. 16.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank reissued a “sector perform” rating and set a $6.00 target price (down previously from $8.00) on shares of Montauk Renewables in a research report on Tuesday, September 3rd.

Montauk Renewables Trading Up 0.3 %

Shares of MNTK opened at $3.95 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. Montauk Renewables, Inc. has a 12 month low of $3.38 and a 12 month high of $9.38. The stock has a market cap of $566.30 million, a PE ratio of 24.69 and a beta of -0.30. The stock’s 50-day moving average is $4.88 and its two-hundred day moving average is $5.02.

Montauk Renewables Company Profile

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.