Fox Run Management L.L.C. Buys Shares of 51,893 ReNew Energy Global Plc (NASDAQ:RNW)

Fox Run Management L.L.C. purchased a new stake in shares of ReNew Energy Global Plc (NASDAQ:RNW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 51,893 shares of the company’s stock, valued at approximately $354,000.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP increased its holdings in ReNew Energy Global by 148.6% during the fourth quarter. Quantbot Technologies LP now owns 39,254 shares of the company’s stock valued at $268,000 after buying an additional 23,466 shares during the period. Northwest & Ethical Investments L.P. increased its holdings in shares of ReNew Energy Global by 6.3% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,296,800 shares of the company’s stock valued at $15,687,000 after acquiring an additional 135,606 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of ReNew Energy Global in the 4th quarter worth $328,000. Signaturefd LLC purchased a new stake in shares of ReNew Energy Global during the 4th quarter worth $65,000. Finally, Silphium Asset Management Ltd bought a new stake in ReNew Energy Global during the fourth quarter valued at about $2,049,000. Hedge funds and other institutional investors own 43.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reduced their target price on shares of ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, February 21st.

ReNew Energy Global Price Performance

NASDAQ RNW opened at $6.15 on Thursday. The firm’s fifty day simple moving average is $6.42 and its two-hundred day simple moving average is $6.29. The firm has a market capitalization of $2.23 billion, a P/E ratio of 123.00 and a beta of 0.89. The company has a current ratio of 0.60, a quick ratio of 0.64 and a debt-to-equity ratio of 4.74. ReNew Energy Global Plc has a 12-month low of $5.15 and a 12-month high of $7.49.

ReNew Energy Global (NASDAQ:RNW) last announced its earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.07). The business had revenue of $248.00 million for the quarter, compared to analyst estimates of $20.22 billion. ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.75%. Analysts forecast that ReNew Energy Global Plc will post 0.15 EPS for the current fiscal year.

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.