Highbridge Capital Management LLC Takes Position in 374Water Inc. (NASDAQ:SCWO)

Highbridge Capital Management LLC bought a new position in shares of 374Water Inc. (NASDAQ:SCWO) in the 4th quarter, HoldingsChannel.com reports. The firm bought 1,120,365 shares of the company’s stock, valued at approximately $765,000.

Several other institutional investors have also recently added to or reduced their stakes in SCWO. Icon Wealth Advisors LLC increased its stake in 374Water by 1.7% in the third quarter. Icon Wealth Advisors LLC now owns 1,166,612 shares of the company’s stock valued at $1,587,000 after purchasing an additional 20,000 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of 374Water in the 3rd quarter valued at $30,000. SG Americas Securities LLC raised its stake in 374Water by 109.2% during the 4th quarter. SG Americas Securities LLC now owns 46,782 shares of the company’s stock worth $32,000 after acquiring an additional 24,418 shares in the last quarter. D.A. Davidson & CO. raised its stake in 374Water by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 469,180 shares of the company’s stock worth $320,000 after acquiring an additional 36,645 shares in the last quarter. Finally, Avalon Trust Co lifted its position in 374Water by 1,333.3% in the fourth quarter. Avalon Trust Co now owns 43,000 shares of the company’s stock valued at $29,000 after acquiring an additional 40,000 shares during the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a report on Saturday, March 22nd.

Insiders Place Their Bets

In other news, major shareholder Yaacov Nagar sold 61,268 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $0.63, for a total transaction of $38,598.84. Following the completion of the sale, the insider now owns 36,989,484 shares in the company, valued at approximately $23,303,374.92. This represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 521,226 shares of company stock valued at $269,744. Insiders own 54.32% of the company’s stock.

374Water Stock Down 7.6 %

NASDAQ:SCWO opened at $0.36 on Friday. The company has a market capitalization of $47.77 million, a PE ratio of -4.48 and a beta of -0.01. 374Water Inc. has a 52-week low of $0.30 and a 52-week high of $1.99. The stock’s 50 day moving average price is $0.40 and its 200 day moving average price is $0.92.

374Water (NASDAQ:SCWO) last announced its earnings results on Thursday, March 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.10 million.

374Water Company Profile

374Water Inc provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams.