Icon Wealth Advisors LLC trimmed its position in shares of 374Water Inc. (NASDAQ:SCWO – Free Report) by 90.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,361 shares of the company’s stock after selling 1,070,751 shares during the period. Icon Wealth Advisors LLC owned about 0.64% of 374Water worth $221,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in 374Water in the 2nd quarter valued at about $28,000. Two Sigma Investments LP purchased a new stake in 374Water in the 3rd quarter valued at about $41,000. Marshall Wace LLP purchased a new stake in 374Water in the 2nd quarter valued at about $57,000. Qube Research & Technologies Ltd purchased a new stake in 374Water in the 2nd quarter valued at about $93,000. Finally, CW Advisors LLC purchased a new stake in 374Water in the 2nd quarter valued at about $117,000. 12.16% of the stock is owned by hedge funds and other institutional investors.
374Water Price Performance
374Water stock opened at $2.31 on Tuesday. The stock has a market cap of $40.43 million, a price-to-earnings ratio of -2.69 and a beta of -0.28. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.93. 374Water Inc. has a 1 year low of $1.63 and a 1 year high of $10.90. The firm has a 50-day moving average of $2.62 and a two-hundred day moving average of $2.67.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of 374Water in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, 374Water presently has a consensus rating of “Sell”.
View Our Latest Analysis on 374Water
374Water Profile
374Water, Inc (NASDAQ: SCWO) develops and commercializes advanced water treatment technologies based on supercritical water oxidation (SCWO). The company’s flagship offering utilizes high-temperature and high-pressure conditions to oxidize organic contaminants in industrial and agricultural wastewater, converting harmful substances into benign end products such as clean water, carbon dioxide, and salts. This proprietary process is capable of destroying a wide range of pollutants, including hydrocarbons, PFAS, and biological sludges, without the need for harmful chemicals or lengthy residence times.
In addition to manufacturing modular SCWO reactors, 374Water provides end-to-end solutions encompassing system design, engineering, installation, pilot testing, commissioning, and ongoing maintenance.
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