Tejara Capital Ltd Sells 28,300 Shares of ReNew Energy Global Plc (NASDAQ:RNW)

Tejara Capital Ltd trimmed its holdings in ReNew Energy Global Plc (NASDAQ:RNW) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,440 shares of the company’s stock after selling 28,300 shares during the quarter. ReNew Energy Global comprises about 1.1% of Tejara Capital Ltd’s investment portfolio, making the stock its 25th biggest holding. Tejara Capital Ltd owned about 0.07% of ReNew Energy Global worth $1,786,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Helikon Investments Ltd bought a new stake in ReNew Energy Global during the 4th quarter valued at about $15,055,000. Franklin Resources Inc. bought a new stake in ReNew Energy Global during the 3rd quarter valued at about $11,585,000. State of New Jersey Common Pension Fund D bought a new stake in ReNew Energy Global during the 4th quarter valued at about $4,436,000. Silphium Asset Management Ltd bought a new stake in ReNew Energy Global during the 4th quarter valued at about $2,049,000. Finally, The Manufacturers Life Insurance Company increased its stake in ReNew Energy Global by 33.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,118,181 shares of the company’s stock valued at $7,033,000 after purchasing an additional 281,000 shares in the last quarter. 43.56% of the stock is currently owned by institutional investors.

ReNew Energy Global Stock Performance

Shares of NASDAQ RNW opened at $6.18 on Tuesday. The firm’s 50-day moving average price is $6.50 and its 200-day moving average price is $6.27. The company has a quick ratio of 0.64, a current ratio of 0.60 and a debt-to-equity ratio of 4.74. The company has a market cap of $2.24 billion, a PE ratio of 123.60 and a beta of 0.89. ReNew Energy Global Plc has a 52-week low of $5.15 and a 52-week high of $7.49.

ReNew Energy Global (NASDAQ:RNW) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.07). The company had revenue of $248.00 million for the quarter, compared to analysts’ expectations of $20.22 billion. ReNew Energy Global had a net margin of 2.17% and a return on equity of 1.75%. As a group, analysts anticipate that ReNew Energy Global Plc will post 0.15 EPS for the current year.

Analyst Ratings Changes

Separately, Roth Mkm reduced their price objective on shares of ReNew Energy Global from $8.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, February 21st.

ReNew Energy Global 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.