Jacobs Levy Equity Management Inc. Raises Holdings in Montauk Renewables, Inc. (NASDAQ:MNTK)

Jacobs Levy Equity Management Inc. boosted its position in shares of Montauk Renewables, Inc. (NASDAQ:MNTK) by 81.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 502,682 shares of the company’s stock after buying an additional 224,895 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.35% of Montauk Renewables worth $2,091,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Montauk Renewables by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,470,697 shares of the company’s stock worth $31,618,000 after purchasing an additional 38,605 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in Montauk Renewables by 129.6% in the fourth quarter. Bleakley Financial Group LLC now owns 24,971 shares of the company’s stock worth $222,000 after buying an additional 14,094 shares during the period. Simplicity Solutions LLC grew its holdings in shares of Montauk Renewables by 129.6% during the 4th quarter. Simplicity Solutions LLC now owns 24,971 shares of the company’s stock worth $222,000 after acquiring an additional 14,094 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Montauk Renewables by 42.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,239 shares of the company’s stock valued at $180,000 after purchasing an additional 6,069 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in shares of Montauk Renewables by 14.7% during the fourth quarter. Russell Investments Group Ltd. now owns 134,750 shares of the company’s stock valued at $1,226,000 after purchasing an additional 17,240 shares in the last quarter. Institutional investors own 16.35% of the company’s stock.

Montauk Renewables Trading Up 2.9 %

Shares of NASDAQ:MNTK opened at $5.94 on Thursday. The stock’s 50-day simple moving average is $5.43 and its two-hundred day simple moving average is $5.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market capitalization of $853.58 million, a price-to-earnings ratio of 39.60 and a beta of -0.18. Montauk Renewables, Inc. has a 52-week low of $3.38 and a 52-week high of $10.95.

Montauk Renewables (NASDAQ:MNTK) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The firm had revenue of $38.79 million for the quarter. Montauk Renewables had a return on equity of 8.44% and a net margin of 10.58%. During the same period in the previous year, the firm earned ($0.03) earnings per share. Analysts expect that Montauk Renewables, Inc. will post 0.25 EPS for the current year.

Analysts Set New Price Targets

MNTK has been the topic of several recent research reports. B. Riley cut their price target on Montauk Renewables from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 7th. Scotiabank cut their price objective on shares of Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 11th.

Montauk Renewables Profile

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.