Walleye Capital LLC Trims Holdings in Archaea Energy Inc. (NYSE:LFG)

Walleye Capital LLC trimmed its position in Archaea Energy Inc. (NYSE:LFGGet Rating) by 82.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,920 shares of the company’s stock after selling 52,403 shares during the quarter. Walleye Capital LLC’s holdings in Archaea Energy were worth $170,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Archaea Energy by 195.1% in the first quarter. Vanguard Group Inc. now owns 6,101,494 shares of the company’s stock worth $133,806,000 after purchasing an additional 4,034,040 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Archaea Energy by 43.5% in the first quarter. Wellington Management Group LLP now owns 1,550,549 shares of the company’s stock worth $34,003,000 after purchasing an additional 469,660 shares during the last quarter. S&CO Inc. raised its stake in shares of Archaea Energy by 24.5% in the first quarter. S&CO Inc. now owns 1,417,477 shares of the company’s stock worth $31,085,000 after purchasing an additional 278,680 shares during the last quarter. State Street Corp raised its stake in shares of Archaea Energy by 8,283.9% in the first quarter. State Street Corp now owns 1,358,198 shares of the company’s stock worth $29,785,000 after purchasing an additional 1,341,998 shares during the last quarter. Finally, Cardinal Capital Management LLC CT raised its stake in shares of Archaea Energy by 199.1% in the first quarter. Cardinal Capital Management LLC CT now owns 1,241,775 shares of the company’s stock worth $27,232,000 after purchasing an additional 826,571 shares during the last quarter. 87.87% of the stock is currently owned by hedge funds and other institutional investors.

Archaea Energy Stock Up 0.0 %

Shares of LFG stock opened at $25.87 on Friday. The company has a current ratio of 2.78, a quick ratio of 2.66 and a debt-to-equity ratio of 2.21. Archaea Energy Inc. has a twelve month low of $12.59 and a twelve month high of $26.11. The stock has a 50 day moving average of $22.30 and a 200 day moving average of $19.55. The stock has a market cap of $3.12 billion, a P/E ratio of -43.12 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company cut Archaea Energy from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $25.00 to $26.00 in a research report on Monday, November 14th. US Capital Advisors reiterated a “hold” rating on shares of Archaea Energy in a research report 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.

Featured Articles

Want to see what other hedge funds are holding LFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archaea Energy Inc. (NYSE:LFGGet Rating).

Institutional Ownership by Quarter for Archaea Energy (NYSE:LFG)

Receive News & Ratings for Archaea Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archaea Energy and related companies with MarketBeat.com's FREE daily email newsletter.