Gevo, Inc. (NASDAQ:GEVO) Shares Sold by Millennium Management LLC

Millennium Management LLC lowered its stake in Gevo, Inc. (NASDAQ:GEVO - Free Report) by 12.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,216,342 shares of the energy company's stock after selling 470,897 shares during the quarter. Millennium Management LLC owned about 1.34% of Gevo worth $6,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Invesco Ltd. increased its stake in Gevo by 441.0% in the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock valued at $8,966,000 after purchasing an additional 3,497,007 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $904,000. Marshall Wace LLP acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $812,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Gevo in the fourth quarter valued at approximately $562,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Gevo by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after acquiring an additional 234,727 shares during the period. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GEVO has been the subject of several recent research reports. UBS Group decreased their price target on Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price target on shares of Gevo in a report on Friday.

Gevo Stock Performance

Shares of NASDAQ GEVO traded down $0.04 during mid-day trading on Friday, hitting $1.27. 6,548,754 shares of the company were exchanged, compared to its average volume of 5,407,262. The stock has a 50 day simple moving average of $1.14 and a 200-day simple moving average of $1.49. The firm has a market cap of $304.25 million, a price-to-earnings ratio of -3.74 and a beta of 2.51. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. Gevo, Inc. has a 1-year low of $0.48 and a 1-year high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $29.11 million during the quarter, compared to analysts' expectations of $22.19 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. On average, sell-side analysts forecast that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Gevo Company Profile

Gevo, Inc operates as a carbon abatement company. It operates through three segments: Gevo, Agri-Energy, and Renewable Natural Gas. The company focuses on transforming renewable energy into energy-dense liquid hydrocarbons that can be used as renewable fuels. It offers renewable gasoline and diesel, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein.