Montauk Renewables, Inc. (NASDAQ:MNTK) Shares Acquired by Pictet Asset Management SA

Pictet Asset Management SA raised its holdings in shares of Montauk Renewables, Inc. (NASDAQ:MNTKFree Report) by 33.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,411 shares of the company’s stock after purchasing an additional 6,135 shares during the period. Pictet Asset Management SA’s holdings in Montauk Renewables were worth $192,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Kepos Capital LP increased its position in shares of Montauk Renewables by 27.7% during the fourth quarter. Kepos Capital LP now owns 5,602 shares of the company’s stock worth $62,000 after purchasing an additional 1,215 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Montauk Renewables by 4.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,801 shares of the company’s stock worth $307,000 after purchasing an additional 1,218 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Montauk Renewables by 28.1% during the third quarter. Tower Research Capital LLC TRC now owns 7,466 shares of the company’s stock worth $130,000 after purchasing an additional 1,640 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Montauk Renewables by 5.8% during the third quarter. UBS Asset Management Americas Inc. now owns 36,767 shares of the company’s stock worth $641,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Credit Suisse AG increased its position in shares of Montauk Renewables by 3.9% in the 3rd quarter. Credit Suisse AG now owns 64,220 shares of the company’s stock valued at $1,120,000 after acquiring an additional 2,427 shares during the period. 16.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MNTK has been the topic of several research reports. Tudor, Pickering, Holt & Co. raised Montauk Renewables from a “sell” rating to a “hold” rating and upped their target price for the company from $5.00 to $7.50 in a research report on Friday, May 12th. Tudor Pickering raised Montauk Renewables from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. UBS Group upped their target price on Montauk Renewables from $7.00 to $9.50 in a research report on Tuesday, July 25th. Finally, B. Riley initiated coverage on Montauk Renewables in a research report on Tuesday, June 27th. They issued a “neutral” rating and a $6.50 target price on the stock. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Montauk Renewables presently has an average rating of “Hold” and a consensus target price of $7.83.

View Our Latest Research Report on Montauk Renewables

Montauk Renewables Price Performance

Shares of MNTK opened at $9.66 on Thursday. The business’s 50-day moving average is $8.49 and its two-hundred day moving average is $8.04. The company has a market capitalization of $1.39 billion, a P/E ratio of 87.82 and a beta of -0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.09 and a current ratio of 3.09. Montauk Renewables, Inc. has a fifty-two week low of $5.46 and a fifty-two week high of $20.78.

About Montauk Renewables

(Free Report)

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 capture methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.

See Also

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Institutional Ownership by Quarter for Montauk Renewables (NASDAQ:MNTK)

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