Montauk Renewables, Inc. (NASDAQ:MNTK) Shares Purchased by State Street Corp

State Street Corp boosted its holdings in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,613,351 shares of the company’s stock after acquiring an additional 25,732 shares during the quarter. State Street Corp owned about 1.13% of Montauk Renewables worth $8,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Montauk Renewables by 105.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company’s stock worth $26,000 after purchasing an additional 2,509 shares during the period. Bleakley Financial Group LLC purchased a new position in Montauk Renewables during the third quarter worth about $73,000. Townsquare Capital LLC purchased a new position in Montauk Renewables during the third quarter worth about $75,000. SG Americas Securities LLC purchased a new stake in shares of Montauk Renewables in the 3rd quarter valued at approximately $114,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Montauk Renewables by 8.9% in the 2nd quarter. Principal Financial Group Inc. now owns 25,902 shares of the company’s stock worth $148,000 after acquiring an additional 2,107 shares during the last quarter. Hedge funds and other institutional investors own 16.35% of the company’s stock.

Analyst Ratings Changes

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

Montauk Renewables Price Performance

MNTK opened at $3.93 on Friday. The stock’s 50-day moving average price is $4.59 and its 200 day moving average price is $4.94. Montauk Renewables, Inc. has a 12-month low of $3.38 and a 12-month high of $9.32. The firm has a market cap of $563.44 million, a price-to-earnings ratio of 24.56 and a beta of -0.30. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.17.

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.