Fox Run Management L.L.C. Trims Holdings in ReNew Energy Global PLC $RNW

Fox Run Management L.L.C. reduced its position in shares of ReNew Energy Global PLC (NASDAQ:RNW) by 24.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,329 shares of the company’s stock after selling 12,564 shares during the period. Fox Run Management L.L.C.’s holdings in ReNew Energy Global were worth $232,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. purchased a new position in shares of ReNew Energy Global during the fourth quarter valued at approximately $25,000. BNP Paribas Financial Markets purchased a new position in shares of ReNew Energy Global during the 4th quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ReNew Energy Global during the fourth quarter worth $52,000. MQS Management LLC acquired a new stake in shares of ReNew Energy Global during the first quarter worth $83,000. Finally, Signaturefd LLC grew its position in shares of ReNew Energy Global by 81.6% in the first quarter. Signaturefd LLC now owns 17,245 shares of the company’s stock valued at $102,000 after purchasing an additional 7,749 shares during the period. Institutional investors and hedge funds own 43.56% of the company’s stock.

ReNew Energy Global Stock Performance

ReNew Energy Global stock opened at $7.70 on Thursday. The stock has a fifty day moving average price of $7.34 and a 200 day moving average price of $6.72. ReNew Energy Global PLC has a 52 week low of $5.15 and a 52 week high of $7.89. The firm has a market capitalization of $2.79 billion, a P/E ratio of 24.06 and a beta of 0.89. The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 4.42.

ReNew Energy Global (NASDAQ:RNW) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. ReNew Energy Global had a return on equity of 8.34% and a net margin of 5.77%.The firm had revenue of $480.35 million for the quarter, compared to analyst estimates of $32.46 billion. Equities research analysts anticipate that ReNew Energy Global PLC will post 0.15 earnings per share for the current year.

About ReNew Energy Global

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.