UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.12 Million Position in Montauk Renewables, Inc. (NASDAQ:MNTK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Montauk Renewables, Inc. (NASDAQ:MNTK) by 24.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,639 shares of the company’s stock after buying an additional 54,349 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Montauk Renewables worth $1,117,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MNTK. KLP Kapitalforvaltning AS bought a new stake in shares of Montauk Renewables in the 4th quarter valued at $25,000. ABC Arbitrage SA acquired a new position in Montauk Renewables during the fourth quarter worth $55,000. ProShare Advisors LLC raised its holdings in Montauk Renewables by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 18,588 shares of the company’s stock worth $74,000 after buying an additional 6,117 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Montauk Renewables in the fourth quarter valued at about $88,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Montauk Renewables by 51.4% in the fourth quarter. Wells Fargo & Company MN now owns 30,840 shares of the company’s stock valued at $123,000 after purchasing an additional 10,472 shares during the last quarter. 16.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Scotiabank cut their target price on shares of Montauk Renewables from $6.00 to $4.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. UBS Group dropped their target price on shares of Montauk Renewables from $6.25 to $3.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Finally, B. Riley decreased their price target on shares of Montauk Renewables from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Friday, March 14th.

Montauk Renewables Price Performance

NASDAQ MNTK opened at $2.15 on Tuesday. The stock has a market cap of $306.23 million, a price-to-earnings ratio of 13.44 and a beta of -0.01. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.17. Montauk Renewables, Inc. has a 12 month low of $1.68 and a 12 month high of $6.22. The company’s 50 day moving average is $2.07 and its two-hundred day moving average is $3.17.

Montauk Renewables (NASDAQ:MNTK) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.01). The firm had revenue of $42.60 million during the quarter, compared to the consensus estimate of $42.40 million. Montauk Renewables had a net margin of 11.80% and a return on equity of 8.88%. As a group, research analysts anticipate that Montauk Renewables, Inc. will post 0.19 earnings per share for the current year.

Montauk Renewables announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 15th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

About Montauk Renewables

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.