Sigma Planning Corp increased its holdings in shares of 374Water, Inc. (NASDAQ:SCWO – Free Report) by 21.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,243 shares of the company’s stock after acquiring an additional 16,050 shares during the period. Sigma Planning Corp’s holdings in 374Water were worth $112,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of SCWO. Credit Suisse AG acquired a new stake in shares of 374Water during the 2nd quarter valued at about $28,000. Jane Street Group LLC acquired a new stake in shares of 374Water during the 2nd quarter valued at about $32,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of 374Water during the 2nd quarter valued at about $40,000. Squarepoint Ops LLC acquired a new stake in 374Water in the 4th quarter worth about $40,000. Finally, Barclays PLC acquired a new stake in 374Water in the 2nd quarter worth about $44,000. 12.33% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Maxim Group assumed coverage on 374Water in a report on Wednesday, January 3rd. They issued a “buy” rating and a $3.00 price objective on the stock.
374Water Trading Up 0.9 %
SCWO stock opened at $1.16 on Wednesday. 374Water, Inc. has a 12-month low of $0.97 and a 12-month high of $5.17. The business’s 50-day moving average is $1.24 and its 200 day moving average is $1.41.
374Water (NASDAQ:SCWO – Get Free Report) last issued its earnings results on Thursday, November 9th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $0.01 million for the quarter. 374Water had a negative return on equity of 44.86% and a negative net margin of 406.05%.
374Water, Inc offers a technology that transforms wet wastes into recoverable resources in the United States. It transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. The company offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation technology that are used to treat various hazardous and non-hazardous waste streams.
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