Helikon Investments Ltd Takes $15.06 Million Position in ReNew Energy Global Plc (NASDAQ:RNW)

Helikon Investments Ltd acquired a new position in shares of ReNew Energy Global Plc (NASDAQ:RNW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,204,246 shares of the company’s stock, valued at approximately $15,055,000. ReNew Energy Global comprises about 1.6% of Helikon Investments Ltd’s portfolio, making the stock its 14th biggest holding. Helikon Investments Ltd owned about 0.61% of ReNew Energy Global as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of ReNew Energy Global by 40.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 699,905 shares of the company’s stock worth $4,402,000 after purchasing an additional 202,100 shares in the last quarter. Kayne Anderson Capital Advisors LP raised its stake in ReNew Energy Global by 21.3% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 888,831 shares of the company’s stock worth $5,591,000 after buying an additional 156,147 shares during the period. Rubric Capital Management LP lifted its holdings in ReNew Energy Global by 1.5% during the third quarter. Rubric Capital Management LP now owns 13,706,102 shares of the company’s stock worth $86,211,000 after acquiring an additional 200,000 shares in the last quarter. Franklin Resources Inc. bought a new stake in shares of ReNew Energy Global in the third quarter worth about $11,585,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of ReNew Energy Global by 33.6% during the third quarter. The Manufacturers Life Insurance Company now owns 1,118,181 shares of the company’s stock worth $7,033,000 after purchasing an additional 281,000 shares during the period. Institutional investors and hedge funds own 43.56% of the company’s stock.

ReNew Energy Global Trading Down 0.1 %

NASDAQ:RNW opened at $6.72 on Monday. The company has a debt-to-equity ratio of 4.51, a current ratio of 0.65 and a quick ratio of 0.64. The business’s 50-day simple moving average is $6.56 and its 200-day simple moving average is $6.11. ReNew Energy Global Plc has a fifty-two week low of $5.15 and a fifty-two week high of $7.49. The stock has a market capitalization of $2.44 billion, a PE ratio of 112.02 and a beta of 0.90.

ReNew Energy Global Company Profile

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.