Mirae Asset Global Investments Co. Ltd. Makes New $858,000 Investment in AirJoule Technologies Corporation $AIRJ

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of AirJoule Technologies Corporation (NASDAQ:AIRJ) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 220,000 shares of the company’s stock, valued at approximately $858,000. Mirae Asset Global Investments Co. Ltd. owned about 0.30% of AirJoule Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Isthmus Partners LLC bought a new position in AirJoule Technologies during the third quarter worth $66,000. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of AirJoule Technologies in the third quarter valued at about $426,000. Fagan Associates Inc. bought a new position in shares of AirJoule Technologies in the third quarter valued at about $59,000. State Street Corp raised its position in shares of AirJoule Technologies by 26.8% in the second quarter. State Street Corp now owns 552,042 shares of the company’s stock valued at $3,058,000 after purchasing an additional 116,739 shares during the period. Finally, Operose Advisors LLC acquired a new stake in shares of AirJoule Technologies during the 2nd quarter worth about $100,000. 63.65% of the stock is owned by institutional investors.

AirJoule Technologies Stock Performance

AIRJ opened at $2.38 on Monday. AirJoule Technologies Corporation has a fifty-two week low of $2.07 and a fifty-two week high of $6.65. The company has a market capitalization of $174.57 million, a P/E ratio of -1.83 and a beta of 0.95. The stock has a fifty day moving average of $3.64 and a 200-day moving average of $3.87.

AirJoule Technologies (NASDAQ:AIRJ) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.04). On average, equities research analysts predict that AirJoule Technologies Corporation will post -0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AirJoule Technologies news, CEO Matthew Jore sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $3.06, for a total value of $153,000.00. Following the completion of the sale, the chief executive officer owned 7,698,020 shares of the company’s stock, valued at $23,555,941.20. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 50.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on AIRJ shares. D. Boral Capital began coverage on shares of AirJoule Technologies in a report on Friday, October 2nd. They set a “buy” rating and a $8.00 target price for the company. Weiss Ratings restated a “sell (d)” rating on shares of AirJoule Technologies in a report on Thursday, August 13th. UBS Group set a $10.00 price objective on AirJoule Technologies in a report on Monday, August 17th. B. Riley Financial upped their target price on AirJoule Technologies from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Finally, Needham & Company LLC began coverage on AirJoule Technologies in a research note on Monday, August 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.20.

AirJoule Technologies Profile

AirJoule Technologies Corporation (NASDAQ:AIRJ) is a climate technology company focused on extracting water from atmospheric air and improving the efficiency of air-conditioning and dehumidification systems. Its technology is designed to capture water vapor using proprietary sorbent materials and separate it from air with comparatively low energy requirements.

The company’s AirJoule platform supports atmospheric water-generation systems that can produce water in locations where conventional water supplies are limited.