HighTower Advisors LLC Buys Shares of 58,824 Montana Technologies Co. (NASDAQ:AIRJ)

HighTower Advisors LLC purchased a new position in shares of Montana Technologies Co. (NASDAQ:AIRJ) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 58,824 shares of the company’s stock, valued at approximately $342,000. HighTower Advisors LLC owned about 0.11% of Montana Technologies as of its most recent SEC filing.

Separately, Quarry LP purchased a new stake in Montana Technologies in the 2nd quarter worth about $81,000. 63.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright initiated coverage on shares of Montana Technologies in a research note on Friday. They issued a “buy” rating and a $12.00 price objective for the company.

Montana Technologies Price Performance

AIRJ stock opened at $9.50 on Monday. The firm has a 50 day simple moving average of $7.36 and a two-hundred day simple moving average of $8.03. Montana Technologies Co. has a one year low of $4.94 and a one year high of $49.11.

Montana Technologies Profile

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.