Alpha Paradigm Partners LLC bought a new position in Archaea Energy Inc. (NYSE:LFG – Get Rating) in the 2nd quarter, Holdings Channel.com reports. The firm bought 94,258 shares of the company's stock, valued at approximately $1,464,000. Archaea Energy comprises approximately 0.6% of Alpha Paradigm Partners LLC's holdings, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ovata Capital Management Ltd purchased a new position in Archaea Energy in the first quarter worth $26,000. Royal Bank of Canada grew its position in Archaea Energy by 5.9% in the first quarter. Royal Bank of Canada now owns 26,735 shares of the company's stock worth $586,000 after acquiring an additional 1,485 shares in the last quarter. Principal Financial Group Inc. grew its position in Archaea Energy by 11.7% in the first quarter. Principal Financial Group Inc. now owns 14,980 shares of the company's stock worth $329,000 after acquiring an additional 1,570 shares in the last quarter. Greenleaf Trust boosted its position in Archaea Energy by 21.0% during the second quarter. Greenleaf Trust now owns 11,510 shares of the company's stock valued at $179,000 after buying an additional 2,000 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in Archaea Energy during the first quarter valued at about $64,000. 87.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LFG has been the subject of several analyst reports. US Capital Advisors restated a "hold" rating on shares of Archaea Energy in a research report on Wednesday, October 26th. Wells Fargo & Company lowered shares of Archaea Energy from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $25.00 to $26.00 in a research report on Monday, November 14th.

Archaea Energy Trading Down 0.2 %

About Archaea Energy

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Archaea Energy Inc operates as a renewable natural gas (RNG) and renewable electricity producer in the United States. It operates through two segments, RNG and Power. As of December 31, 2021, it owns and operates a diversified portfolio of 29 landfill gas recovery and processing projects across 18 states, including 11 operated facilities that produce pipeline-quality RNG and 18 LFG to renewable electricity production facilities.

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