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

Millennium Management LLC decreased its position in Gevo, Inc. (NASDAQ:GEVO - Free Report) by 12.8% in the fourth quarter, according to its most recent 13F filing 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 1.34% of Gevo worth $6,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in Gevo in the 4th quarter worth approximately $27,000. IHT Wealth Management LLC bought a new stake in Gevo in the 4th quarter worth approximately $29,000. VisionPoint Advisory Group LLC lifted its position in Gevo by 200.9% in the 4th quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company's stock worth $65,000 after buying an additional 18,734 shares during the last quarter. Financial Advocates Investment Management boosted its holdings in Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock valued at $188,000 after acquiring an additional 19,980 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in Gevo during the 4th quarter worth approximately $49,000. Institutional investors own 35.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GEVO shares. HC Wainwright restated a "buy" rating and set a $14.00 price target on shares of Gevo in a research report on Friday, March 28th. UBS Group reduced their price target on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd.

Gevo Trading Up 12.0%

NASDAQ:GEVO traded up $0.14 during mid-day trading on Thursday, reaching $1.31. 9,212,344 shares of the company's stock traded hands, compared to its average volume of 5,384,005. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The company has a 50 day moving average price of $1.14 and a 200-day moving average price of $1.50. The firm has a market capitalization of $313.83 million, a price-to-earnings ratio of -3.85 and a beta of 2.51.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.01. The firm had revenue of $29.11 million for the quarter, compared to analyst estimates 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 predict that Gevo, Inc. will post -0.42 earnings per share for the current year.

Gevo 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.