Montauk Renewables, Inc. (NASDAQ:MNTK) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Montauk Renewables, Inc. (NASDAQ:MNTK) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,636,368 shares of the company’s stock after acquiring an additional 9,203 shares during the quarter. Geode Capital Management LLC owned approximately 1.14% of Montauk Renewables worth $8,527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. SIR Capital Management L.P. boosted its stake in Montauk Renewables by 91.2% in the second quarter. SIR Capital Management L.P. now owns 326,074 shares of the company’s stock valued at $1,859,000 after acquiring an additional 155,546 shares during the period. SG Americas Securities LLC bought a new stake in shares of Montauk Renewables in the 3rd quarter worth approximately $114,000. State Street Corp boosted its position in Montauk Renewables by 1.6% during the 3rd quarter. State Street Corp now owns 1,613,351 shares of the company’s stock valued at $8,406,000 after purchasing an additional 25,732 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Montauk Renewables by 16.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,749 shares of the company’s stock worth $369,000 after buying an additional 9,756 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Montauk Renewables by 14.7% in the second quarter. The Manufacturers Life Insurance Company now owns 32,611 shares of the company’s stock worth $186,000 after buying an additional 4,176 shares during the period. 16.35% of the stock is currently owned by institutional investors.

Montauk Renewables Trading Up 9.0 %

Shares of NASDAQ:MNTK opened at $4.34 on Friday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $4.50 and its 200 day moving average price is $4.91. The company has a market cap of $622.22 million, a PE ratio of 27.13 and a beta of -0.30. Montauk Renewables, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $8.92.

Montauk Renewables 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.