ReNew Energy Global PLC $RNW Shares Sold by Aperture Investors LLC

Aperture Investors LLC decreased its holdings in shares of ReNew Energy Global PLC (NASDAQ:RNW) by 32.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 408,003 shares of the company’s stock after selling 196,804 shares during the period. Aperture Investors LLC owned approximately 0.11% of ReNew Energy Global worth $2,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cerity Partners LLC lifted its stake in ReNew Energy Global by 9.3% during the second quarter. Cerity Partners LLC now owns 26,085 shares of the company’s stock valued at $180,000 after purchasing an additional 2,225 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of ReNew Energy Global in the second quarter valued at $29,000. Groupe la Francaise increased its holdings in shares of ReNew Energy Global by 1.4% in the second quarter. Groupe la Francaise now owns 320,591 shares of the company’s stock valued at $2,211,000 after buying an additional 4,282 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its position in shares of ReNew Energy Global by 18.3% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 47,173 shares of the company’s stock valued at $326,000 after acquiring an additional 7,283 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of ReNew Energy Global by 766.0% during the 2nd quarter. Parallel Advisors LLC now owns 11,041 shares of the company’s stock worth $76,000 after acquiring an additional 9,766 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors.

ReNew Energy Global Stock Up 0.1%

RNW stock opened at $7.57 on Wednesday. The company has a 50 day moving average of $7.64 and a two-hundred day moving average of $7.47. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 24.42 and a beta of 0.88. ReNew Energy Global PLC has a 12-month low of $5.41 and a 12-month high of $8.24. The company has a quick ratio of 0.74, a current ratio of 0.77 and a debt-to-equity ratio of 4.34.

ReNew Energy Global (NASDAQ:RNW) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). ReNew Energy Global had a return on equity of 7.90% and a net margin of 5.37%.The company had revenue of $433.94 million during the quarter, compared to analyst estimates of $403.19 million. On average, equities analysts anticipate that ReNew Energy Global PLC will post 0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on RNW. Mizuho set a $8.15 target price on ReNew Energy Global and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of ReNew Energy Global in a report on Monday, December 1st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.83.

ReNew Energy Global Profile

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.