Kayne Anderson Capital Advisors LP boosted its stake in shares of ReNew Energy Global Plc (NASDAQ:RNW – Get Rating) by 2.0% in the third quarter, Holdings Channel reports. The fund owned 2,641,590 shares of the company's stock after purchasing an additional 52,490 shares during the period. Kayne Anderson Capital Advisors LP's holdings in ReNew Energy Global were worth $15,902,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP lifted its holdings in shares of ReNew Energy Global by 556.4% in the 2nd quarter. Quantbot Technologies LP now owns 4,595 shares of the company's stock valued at $29,000 after buying an additional 3,895 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of ReNew Energy Global by 30.8% in the 3rd quarter. FNY Investment Advisers LLC now owns 8,500 shares of the company's stock valued at $51,000 after buying an additional 2,000 shares during the period. Amundi acquired a new stake in shares of ReNew Energy Global in the 2nd quarter valued at approximately $71,000. Envestnet Asset Management Inc. acquired a new stake in shares of ReNew Energy Global in the 1st quarter valued at approximately $93,000. Finally, Prelude Capital Management LLC acquired a new stake in shares of ReNew Energy Global in the 2nd quarter valued at approximately $93,000. 45.89% of the stock is owned by institutional investors and hedge funds.
Get ReNew Energy Global alerts:ReNew Energy Global Trading Up 0.2 %
Shares of RNW traded up $0.01 during mid-day trading on Wednesday, hitting $6.10. The company's stock had a trading volume of 70,452 shares, compared to its average volume of 806,335. The firm has a 50-day simple moving average of $5.79 and a 200 day simple moving average of $6.25. ReNew Energy Global Plc has a 1-year low of $5.02 and a 1-year high of $8.97. The company has a quick ratio of 1.25, a current ratio of 1.26 and a debt-to-equity ratio of 3.24.
ReNew Energy Global (NASDAQ:RNW – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.10). The firm had revenue of $275.00 million for the quarter, compared to analyst estimates of $281.10 million. ReNew Energy Global had a negative return on equity of 8.78% and a negative net margin of 14.54%. On average, research analysts expect that ReNew Energy Global Plc will post -0.11 EPS for the current fiscal year.About ReNew Energy Global
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ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through Wind Power and Solar Power segments. It develops, builds, owns, and operates utility scale wind and solar energy projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.
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