Fox Run Management L.L.C. Has $131,000 Stock Holdings in ReNew Energy Global PLC $RNW

Fox Run Management L.L.C. reduced its position in shares of ReNew Energy Global PLC (NASDAQ:RNW) by 51.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,998 shares of the company’s stock after selling 20,331 shares during the quarter. Fox Run Management L.L.C.’s holdings in ReNew Energy Global were worth $131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of ReNew Energy Global in the 1st quarter worth $34,651,000. Millennium Management LLC raised its holdings in shares of ReNew Energy Global by 22.9% in the first quarter. Millennium Management LLC now owns 6,351,699 shares of the company’s stock valued at $37,412,000 after purchasing an additional 1,182,123 shares during the last quarter. Invesco Ltd. increased its stake in ReNew Energy Global by 16.8% in the 1st quarter. Invesco Ltd. now owns 2,476,280 shares of the company’s stock valued at $14,585,000 after buying an additional 356,311 shares during the last quarter. Fiera Capital Corp bought a new stake in ReNew Energy Global during the first quarter worth $1,865,000. Finally, Groupe la Francaise purchased a new position in shares of ReNew Energy Global in the 1st quarter worth about $1,892,000. Institutional investors own 43.56% of the company’s stock.

ReNew Energy Global Stock Performance

NASDAQ RNW opened at $7.46 on Friday. The company’s 50 day simple moving average is $7.69 and its two-hundred day simple moving average is $7.35. The company has a debt-to-equity ratio of 4.34, a current ratio of 0.77 and a quick ratio of 0.73. ReNew Energy Global PLC has a 1 year low of $5.18 and a 1 year high of $8.24. The stock has a market capitalization of $2.71 billion, a PE ratio of 24.06 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings assumed coverage on shares of ReNew Energy Global in a research report on Tuesday. They issued a “hold (c)” rating on the stock. Mizuho set a $8.15 price target on shares of ReNew Energy Global and gave the stock a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.83.

ReNew Energy Global Company 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.