Saturday, June 25, 2022

Director ARES MANAGEMENT LLC sold 14,942,643 shares of Archaea Energy Inc. [LFG]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Archaea Energy Inc. shares valued at $254,622,637 were sold by ARES MANAGEMENT LLC on Mar 25. At $17.04 per share, ARES MANAGEMENT LLC sold 14,942,643 shares. The insider’s holdings dropped to 1,877 shares worth approximately $33804.770000000004 following the completion of this transaction.

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Also, Aria Renewable Energy Systems sold 14,942,643 shares, netting a total of over 254,622,637 in proceeds. Following the sale of shares at $17.04 each, the insider now holds 0 shares.

Before that, Aria Renewable Energy Systems had sold 656,300 shares from its account. In a trade valued at $11,780,585, the Director traded Archaea Energy Inc. shares for $17.95 each. Upon closing the transaction, the insider’s holdings decreased to 656,300 shares, worth approximately $0.0.

As published in their initiating research note from Barclays on June 17, 2022, Archaea Energy Inc. [LFG] has been an Overweight and the price target has been revised to $26. This represents a 30.73% premium over Wednesday’s closing price. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of October 14, 2021, Johnson Rice has initiated its “Buy” rating for LFG. Earlier on October 12, 2021, Citigroup initiated its rating. Their recommendation was “a Buy” for LFG stock.

Analyzing LFG’s Price Performance

On Wednesday, Archaea Energy Inc. [NYSE: LFG] plunged -6.15% to $18.01. The stock’s lowest price that day was $17.56, but it reached a high of $18.72 in the same session. During the last five days, there has been a drop of approximately -5.95%. Over the course of the year, Archaea Energy Inc. shares have dropped approximately -1.48%. Shares of the company reached a 52-week high of $23.75 on 04/12/22 and a 52-week low of $15.50 on 01/27/22. A 50-day SMA is recorded $20.46, while a 200-day SMA reached $19.18. Nevertheless, trading volume fell to 2.03 million shares from 1.62 million shares the previous day.

Support And Resistance Levels for Archaea Energy Inc. (LFG)

According to the 24-hour chart, there is a support level at 17.47, which, if violated, would cause prices to drop to 16.94. In the upper region, resistance lies at 18.63. The next price resistance is at 19.26. RSI (Relative Strength Index) is 38.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.21, which suggests the price will decrease in the coming days. Percent R is at 90.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Archaea Energy Inc. (LFG)?

According to CIBC Private Wealth Advisors, Inc filings, the company currently owns 6,543,360 shares, which is about 8.14% of the total LFG shares outstanding. The investor’s shares have appreciated by 739,997 from its previous 13-F filing of 5803363.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $121,414,580. Third Point LLC reduced a -6.27% interest valued at $83.25 million while Salient Capital Advisors LLC purchased a 1,201,556 stake. A total of 187,600 shares of Archaea Energy Inc. were bought by Kensico Capital Management Corp. during the quarter, and 2,400,565 were bought by Macquarie Investment Management B. In its current portfolio, The Baupost Group LLC holds 3,121,503 shares valued at $62.24 million.

In terms of Archaea Energy Inc. share price expectations, FactSet research, analysts set an average price target of $30.57 in the next 12 months, up nearly 45.91% from the previous closing price of $19.19. Analysts anticipate Archaea Energy Inc. stock to reach $44.00 by 2022, with the lowest price target being $25.00. In spite of this, 7 analysts ranked Archaea Energy Inc. stock as a Buy at the end of 2022. On October 11, 2021, Jefferies assigned a price target of “a Buy” to the stock and initiated coverage with a $24.

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