Barclays PLC Has $710,000 Stake in Montauk Renewables, Inc. (NASDAQ:MNTK)

Barclays PLC lessened its holdings in Montauk Renewables, Inc. (NASDAQ:MNTK) by 32.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 136,360 shares of the company’s stock after selling 65,644 shares during the period. Barclays PLC’s holdings in Montauk Renewables were worth $710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SIR Capital Management L.P. lifted its position in shares of Montauk Renewables by 91.2% during the 2nd quarter. SIR Capital Management L.P. now owns 326,074 shares of the company’s stock worth $1,859,000 after buying an additional 155,546 shares during the period. SG Americas Securities LLC acquired a new position in Montauk Renewables during the third quarter worth $114,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of 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. State Street Corp boosted its stake in shares of Montauk Renewables by 1.6% in 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 in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Montauk Renewables by 14.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,611 shares of the company’s stock worth $186,000 after purchasing an additional 4,176 shares during the last quarter. Institutional investors own 16.35% of the company’s stock.

Montauk Renewables Stock Down 2.0 %

NASDAQ MNTK opened at $3.98 on Wednesday. The stock’s 50 day simple moving average is $4.53 and its 200 day simple moving average is $4.92. Montauk Renewables, Inc. has a one year low of $3.38 and a one year high of $9.05. The firm has a market cap of $570.60 million, a PE ratio of 24.88 and a beta of -0.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04.

Analyst Upgrades and Downgrades

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

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.