Virtu Financial LLC purchased a new stake in shares of Archaea Energy Inc. (NYSE:LFG – Get Rating) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,201 shares of the company's stock, valued at approximately $158,000.
A number of other hedge funds also recently bought and sold shares of the business. Ovata Capital Management Ltd purchased a new stake in shares of Archaea Energy in the first quarter valued at $26,000. Royal Bank of Canada raised its stake in shares of Archaea Energy by 5.9% in the first quarter. Royal Bank of Canada now owns 26,735 shares of the company's stock valued at $586,000 after acquiring an additional 1,485 shares during the period. Principal Financial Group Inc. raised its stake in shares of Archaea Energy by 11.7% in the first quarter. Principal Financial Group Inc. now owns 14,980 shares of the company's stock valued at $329,000 after acquiring an additional 1,570 shares during the period. Greenleaf Trust raised its stake in shares of Archaea Energy by 21.0% in the second quarter. Greenleaf Trust now owns 11,510 shares of the company's stock valued at $179,000 after acquiring an additional 2,000 shares during the period. Finally, Advisors Asset Management Inc. purchased a new stake in shares of Archaea Energy in the first quarter valued at $64,000. Hedge funds and other institutional investors own 87.87% of the company's stock.
Get Archaea Energy alerts:Archaea Energy Stock Performance
LFG stock opened at $25.88 on Friday. Archaea Energy Inc. has a 12 month low of $12.59 and a 12 month high of $26.11. The firm's 50-day moving average is $24.18 and its 200 day moving average is $20.19. The company has a quick ratio of 2.66, a current ratio of 2.78 and a debt-to-equity ratio of 2.21.
Wall Street Analyst Weigh In
Several research firms recently commented on LFG. Wells Fargo & Company downgraded shares of Archaea Energy from an "overweight" rating to an "equal weight" rating and raised their price target for the stock from $25.00 to $26.00 in a research note on Monday, November 14th. US Capital Advisors reaffirmed a "hold" rating on shares of Archaea Energy in a research note on Wednesday, October 26th.Archaea Energy Company Profile
(Get Rating)
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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