Montana Technologies’ (AIRJ) Buy Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of Montana Technologies (NASDAQ:AIRJ) in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a $12.00 target price on the stock.

Separately, Alliance Global Partners started coverage on Montana Technologies in a research report on Monday, February 24th. They issued a “buy” rating and a $11.00 target price for the company.

Montana Technologies Stock Down 5.3 %

Shares of AIRJ stock opened at $5.01 on Thursday. Montana Technologies has a fifty-two week low of $4.75 and a fifty-two week high of $21.78. The firm’s 50 day moving average price is $7.85 and its two-hundred day moving average price is $7.45. The stock has a market cap of $279.77 million, a price-to-earnings ratio of 26.37 and a beta of 0.20.

Montana Technologies (NASDAQ:AIRJ) last posted its earnings results on Tuesday, March 25th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.16). On average, equities analysts forecast that Montana Technologies will post 4.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Montana Technologies by 14.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,733 shares of the company’s stock worth $404,000 after buying an additional 8,714 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Montana Technologies in the third quarter worth about $342,000. Kovitz Investment Group Partners LLC purchased a new position in Montana Technologies in the third quarter valued at about $508,000. Geode Capital Management LLC boosted its holdings in Montana Technologies by 2.7% in the third quarter. Geode Capital Management LLC now owns 187,105 shares of the company’s stock valued at $1,086,000 after purchasing an additional 4,905 shares during the last quarter. Finally, Heritage Financial Services LLC acquired a new stake in Montana Technologies during the 4th quarter valued at approximately $99,000. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

About Montana Technologies

Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.