Sentinel Trust Co. LBA Trims Stock Position in 374Water Inc. $SCWO

Sentinel Trust Co. LBA cut its holdings in 374Water Inc. (NASDAQ:SCWO) by 90.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,130 shares of the company’s stock after selling 361,170 shares during the period. Sentinel Trust Co. LBA’s holdings in 374Water were worth $82,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SCWO. Jane Street Group LLC acquired a new stake in 374Water during the second quarter worth $28,000. TFO Wealth Partners LLC acquired a new position in shares of 374Water in the 3rd quarter valued at $34,000. Two Sigma Investments LP purchased a new position in shares of 374Water during the 3rd quarter worth $41,000. Marshall Wace LLP purchased a new position in shares of 374Water during the 2nd quarter worth $57,000. Finally, D.A. Davidson & CO. increased its position in shares of 374Water by 37.5% during the 3rd quarter. D.A. Davidson & CO. now owns 1,012,894 shares of the company’s stock worth $291,000 after purchasing an additional 276,349 shares during the last quarter. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of 374Water in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, 374Water presently has a consensus rating of “Sell”.

374Water Stock Performance

NASDAQ:SCWO opened at $2.97 on Monday. 374Water Inc. has a fifty-two week low of $1.63 and a fifty-two week high of $10.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.05 and a current ratio of 1.40. The company has a 50 day moving average price of $2.85 and a 200 day moving average price of $3.03. The stock has a market capitalization of $51.80 million, a P/E ratio of -2.47 and a beta of -0.14.

About 374Water

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.