Advisors Asset Management Inc. Lowers Stock Position in ReNew Energy Global Plc (NASDAQ:RNW)

Advisors Asset Management Inc. lessened its holdings in ReNew Energy Global Plc (NASDAQ:RNWGet Rating) by 5.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 34,320 shares of the company’s stock after selling 2,002 shares during the period. Advisors Asset Management Inc.’s holdings in ReNew Energy Global were worth $222,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Kayne Anderson Capital Advisors LP lifted its position in ReNew Energy Global by 36.6% during the second quarter. Kayne Anderson Capital Advisors LP now owns 2,589,100 shares of the company’s stock valued at $16,751,000 after acquiring an additional 693,475 shares during the last quarter. abrdn plc lifted its position in ReNew Energy Global by 39.6% during the second quarter. abrdn plc now owns 6,730,789 shares of the company’s stock valued at $42,572,000 after acquiring an additional 1,910,519 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in ReNew Energy Global by 39.6% during the second quarter. Envestnet Asset Management Inc. now owns 15,739 shares of the company’s stock valued at $102,000 after acquiring an additional 4,467 shares during the last quarter. Van ECK Associates Corp lifted its position in ReNew Energy Global by 2.5% during the second quarter. Van ECK Associates Corp now owns 770,343 shares of the company’s stock valued at $4,984,000 after acquiring an additional 19,093 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in ReNew Energy Global during the second quarter valued at approximately $2,161,000. Hedge funds and other institutional investors own 38.54% of the company’s stock.

ReNew Energy Global Trading Up 2.1 %

NASDAQ:RNW opened at $6.18 on Monday. ReNew Energy Global Plc has a 52 week low of $5.02 and a 52 week high of $9.32. The firm has a 50 day moving average of $6.13 and a 200 day moving average of $6.57. The company has a quick ratio of 1.16, a current ratio of 1.26 and a debt-to-equity ratio of 3.24. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -17.66 and a beta of 0.35.

About ReNew Energy Global

(Get Rating)

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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Institutional Ownership by Quarter for ReNew Energy Global (NASDAQ:RNW)

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