Arrowstreet Capital Limited Partnership Buys New Position in AirJoule Technologies Corporation $AIRJ

Arrowstreet Capital Limited Partnership bought a new stake in AirJoule Technologies Corporation (NASDAQ:AIRJ) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 191,896 shares of the company’s stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AIRJ. Raymond James Financial Inc. acquired a new stake in AirJoule Technologies in the 2nd quarter valued at $31,000. Group One Trading LLC bought a new position in AirJoule Technologies during the second quarter worth about $42,000. Fagan Associates Inc. bought a new position in AirJoule Technologies in the 4th quarter worth about $46,000. Abel Hall LLC purchased a new position in shares of AirJoule Technologies during the fourth quarter worth about $46,000. Finally, Invesco Ltd. bought a new stake in AirJoule Technologies during the second quarter worth about $50,000. 63.65% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AIRJ shares. Seaport Research Partners started coverage on shares of AirJoule Technologies in a research report on Friday, May 8th. They issued a “buy” rating and a $7.00 price objective on the stock. HC Wainwright reaffirmed a “buy” rating and set a $12.00 price objective on shares of AirJoule Technologies in a research report on Monday, May 18th. B. Riley Financial started coverage on AirJoule Technologies in a research report on Thursday, April 30th. They issued a “buy” rating and a $6.00 price target for the company. Finally, Weiss Ratings upgraded shares of AirJoule Technologies from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $8.25.

AirJoule Technologies Stock Up 5.9%

Shares of AirJoule Technologies stock opened at $5.92 on Friday. AirJoule Technologies Corporation has a 52 week low of $2.22 and a 52 week high of $6.75. The stock’s fifty day moving average is $4.65 and its two-hundred day moving average is $3.79. The company has a market capitalization of $428.61 million, a PE ratio of -5.19 and a beta of 0.86.

AirJoule Technologies (NASDAQ:AIRJ) last issued its earnings results on Thursday, May 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.68). As a group, research analysts anticipate that AirJoule Technologies Corporation will post -0.14 earnings per share for the current year.

AirJoule Technologies Company Profile

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.