Montauk Renewables, Inc. (NASDAQ:MNTK) Stake Cut by Barclays PLC

Barclays PLC lessened its holdings in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 32.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,360 shares of the company’s stock after selling 65,644 shares during the quarter. Barclays PLC owned approximately 0.10% of Montauk Renewables worth $710,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Montauk Renewables during the 2nd quarter valued at $962,000. SIR Capital Management L.P. grew its stake in Montauk Renewables by 91.2% in the second quarter. SIR Capital Management L.P. now owns 326,074 shares of the company’s stock valued at $1,859,000 after purchasing an additional 155,546 shares in the last quarter. AQR Capital Management LLC acquired a new position in Montauk Renewables in the 2nd quarter worth about $456,000. GSA Capital Partners LLP raised its stake in shares of Montauk Renewables by 481.1% during the 3rd quarter. GSA Capital Partners LLP now owns 72,647 shares of the company’s stock worth $378,000 after purchasing an additional 60,145 shares in the last quarter. Finally, Zacks Investment Management lifted its holdings in shares of Montauk Renewables by 336.5% during the 3rd quarter. Zacks Investment Management now owns 72,258 shares of the company’s stock valued at $376,000 after buying an additional 55,705 shares during the last quarter. Hedge funds and other institutional investors own 16.35% of the company’s stock.

Analysts Set New Price Targets

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

Montauk Renewables Price Performance

Shares of Montauk Renewables stock opened at $3.98 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. The company has a market cap of $570.60 million, a PE ratio of 24.88 and a beta of -0.30. The firm has a fifty day moving average price of $4.53 and a two-hundred day moving average price of $4.92. Montauk Renewables, Inc. has a fifty-two week low of $3.38 and a fifty-two week high of $9.05.

Montauk Renewables 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.