Los Angeles Capital Management LLC Acquires Shares of 22,550 OPAL Fuels Inc. $OPAL

Los Angeles Capital Management LLC acquired a new stake in OPAL Fuels Inc. (NASDAQ:OPAL) in the 2nd quarter, HoldingsChannel reports. The fund acquired 22,550 shares of the company’s stock, valued at approximately $55,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OPAL. SCS Capital Management LLC acquired a new position in OPAL Fuels in the first quarter valued at approximately $683,000. Invesco Ltd. increased its holdings in shares of OPAL Fuels by 40.0% during the 1st quarter. Invesco Ltd. now owns 2,024,745 shares of the company’s stock valued at $3,726,000 after purchasing an additional 578,209 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of OPAL Fuels by 64.2% during the 1st quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock valued at $359,000 after purchasing an additional 76,267 shares in the last quarter. Levin Capital Strategies L.P. acquired a new position in shares of OPAL Fuels in the 2nd quarter valued at $97,000. Finally, Goldman Sachs Group Inc. boosted its holdings in OPAL Fuels by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after buying an additional 28,374 shares in the last quarter. 12.16% of the stock is owned by institutional investors and hedge funds.

OPAL Fuels Trading Up 12.7%

Shares of OPAL Fuels stock opened at $2.39 on Wednesday. The firm has a market capitalization of $414.43 million, a PE ratio of 119.56 and a beta of 1.07. OPAL Fuels Inc. has a twelve month low of $1.26 and a twelve month high of $4.08. The firm’s 50-day moving average price is $2.37 and its 200 day moving average price is $2.51. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 32.18.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.09). The firm had revenue of $83.36 million for the quarter, compared to analysts’ expectations of $98.03 million. OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 1.02%. On average, sell-side analysts predict that OPAL Fuels Inc. will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OPAL Fuels in a report on Thursday, November 13th. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group lowered OPAL Fuels from a “strong-buy” rating to a “hold” rating and dropped their price objective for the company from $3.50 to $2.75 in a report on Wednesday, July 23rd. Finally, Johnson Rice cut OPAL Fuels from a “strong-buy” rating to a “hold” rating and cut their price objective for the company from $4.00 to $3.00 in a research report on Tuesday, July 22nd. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, OPAL Fuels has a consensus rating of “Reduce” and an average target price of $2.81.

About OPAL Fuels

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.