Avalon Trust Co Has $29,000 Stock Holdings in 374Water Inc. (NASDAQ:SCWO)

Avalon Trust Co grew its holdings in shares of 374Water Inc. (NASDAQ:SCWO) by 1,333.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 43,000 shares of the company’s stock after acquiring an additional 40,000 shares during the period. Avalon Trust Co’s holdings in 374Water were worth $29,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCWO. Geode Capital Management LLC lifted its position in 374Water by 11.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,556,928 shares of the company’s stock valued at $2,118,000 after acquiring an additional 158,482 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 374Water by 20.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 498,529 shares of the company’s stock valued at $678,000 after buying an additional 83,198 shares during the last quarter. D.A. Davidson & CO. grew its holdings in 374Water by 8.5% during the fourth quarter. D.A. Davidson & CO. now owns 469,180 shares of the company’s stock worth $320,000 after buying an additional 36,645 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in 374Water in the 4th quarter valued at $255,000. 12.16% of the stock is owned by institutional investors.

Insider Activity at 374Water

In related news, major shareholder Yaacov Nagar sold 61,268 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $0.63, for a total transaction of $38,598.84. Following the sale, the insider now owns 36,989,484 shares of the company’s stock, valued at approximately $23,303,374.92. This represents a 0.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 521,226 shares of company stock worth $269,744. 54.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 374Water in a research report on Friday, March 7th.

374Water Stock Up 3.1 %

NASDAQ SCWO opened at $0.35 on Monday. The company has a market cap of $46.66 million, a PE ratio of -4.38 and a beta of -0.01. The firm’s 50-day simple moving average is $0.46 and its two-hundred day simple moving average is $0.97. 374Water Inc. has a 52 week low of $0.30 and a 52 week high of $1.99.

About 374Water

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.