SG Americas Securities LLC Buys Shares of 14,729 Archaea Energy Inc. (NYSE:LFG)

SG Americas Securities LLC acquired a new position in shares of Archaea Energy Inc. (NYSE:LFGGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,729 shares of the company’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LFG. Vanguard Group Inc. lifted its stake in Archaea Energy by 195.1% in the first quarter. Vanguard Group Inc. now owns 6,101,494 shares of the company’s stock valued at $133,806,000 after buying an additional 4,034,040 shares during the last quarter. Wellington Management Group LLP raised its position in Archaea Energy by 43.5% in the first quarter. Wellington Management Group LLP now owns 1,550,549 shares of the company’s stock worth $34,003,000 after acquiring an additional 469,660 shares in the last quarter. S&CO Inc. grew its holdings in Archaea Energy by 24.5% in the first quarter. S&CO Inc. now owns 1,417,477 shares of the company’s stock valued at $31,085,000 after purchasing an additional 278,680 shares during the last quarter. State Street Corp boosted its stake in shares of Archaea Energy by 8,283.9% during the first quarter. State Street Corp now owns 1,358,198 shares of the company’s stock valued at $29,785,000 after acquiring an additional 1,341,998 shares during the last quarter. Finally, Cardinal Capital Management LLC CT boosted its stake in shares of Archaea Energy by 199.1% during the first quarter. Cardinal Capital Management LLC CT now owns 1,241,775 shares of the company’s stock valued at $27,232,000 after acquiring an additional 826,571 shares during the last quarter. 87.87% of the stock is owned by institutional investors and hedge funds.

Archaea Energy Stock Performance

Shares of NYSE:LFG opened at $25.75 on Thursday. Archaea Energy Inc. has a 52-week low of $12.59 and a 52-week high of $26.11. The company has a market cap of $3.08 billion, a P/E ratio of -46.82 and a beta of 1.21. The stock’s 50-day moving average is $21.41 and its 200-day moving average is $19.35. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.40 and a current ratio of 2.49.

Archaea Energy (NYSE:LFGGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.33). Archaea Energy had a negative return on equity of 25.12% and a negative net margin of 0.80%. The business had revenue of $77.22 million for the quarter, compared to the consensus estimate of $79.50 million. Equities research analysts predict that Archaea Energy Inc. will post 0.62 earnings per share for the current year.

Analysts Set New Price Targets

LFG has been the subject of a number of recent analyst reports. US Capital Advisors reaffirmed a “hold” rating on shares of Archaea Energy in a report on Wednesday, October 26th. Wells Fargo & Company assumed coverage on Archaea Energy in a research report on Tuesday, October 4th. They set an “overweight” rating and a $25.00 price target on the stock.

About Archaea Energy

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Archaea Energy Inc operates as a renewable natural gas (RNG) and renewable electricity producer in the United States. It operates through two segments, RNG and Power. As of December 31, 2021, it owns and operates a diversified portfolio of 29 landfill gas recovery and processing projects across 18 states, including 11 operated facilities that produce pipeline-quality RNG and 18 LFG to renewable electricity production facilities.

See Also

Institutional Ownership by Quarter for Archaea Energy (NYSE:LFG)

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