Gevo, Inc. $GEVO Shares Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Gevo, Inc. by 114.5% in the first quarter, owning 289,300 shares valued at $336,000 as of its latest SEC filing.
• Gevo received mixed analyst ratings, with one downgrade to "sell" and a consensus rating of "hold", while HC Wainwright set a price target of $14.00.
• Insiders have sold a total of 673,207 shares of Gevo stock worth approximately $901,438 in recent transactions, reflecting significant changes in ownership among the company's management.

OMERS ADMINISTRATION Corp raised its stake in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) by 114.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 289,300 shares of the energy company's stock after acquiring an additional 154,400 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.12% of Gevo worth $336,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new stake in shares of Gevo during the 4th quarter valued at approximately $27,000. Centerpoint Advisory Group increased its stake in Gevo by 55.6% during the first quarter. Centerpoint Advisory Group now owns 56,000 shares of the energy company's stock valued at $65,000 after purchasing an additional 20,000 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Gevo during the first quarter valued at $36,000. Deutsche Bank AG lifted its position in shares of Gevo by 5,808.4% in the 1st quarter. Deutsche Bank AG now owns 40,709 shares of the energy company's stock worth $47,000 after buying an additional 40,020 shares during the last quarter. Finally, Cannon Global Investment Management LLC bought a new position in shares of Gevo in the 1st quarter worth about $58,000. Institutional investors own 35.17% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GEVO shares. Wall Street Zen downgraded shares of Gevo from a "hold" rating to a "sell" rating in a research report on Sunday, August 24th. Zacks Research upgraded Gevo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, HC Wainwright reiterated a "buy" rating and set a $14.00 price target on shares of Gevo in a research report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $7.58.

Insider Buying and Selling

In other news, COO Christopher Michael Ryan sold 43,964 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $1.25, for a total transaction of $54,955.00. Following the transaction, the chief operating officer directly owned 1,676,120 shares of the company's stock, valued at approximately $2,095,150. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Bloom sold 42,073 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $1.23, for a total transaction of $51,749.79. Following the completion of the sale, the insider directly owned 1,000,683 shares of the company's stock, valued at $1,230,840.09. The trade was a 4.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 681,885 shares of company stock valued at $915,584. Company insiders own 6.80% of the company's stock.

Gevo Price Performance

NASDAQ GEVO traded up $0.04 on Friday, hitting $1.67. The stock had a trading volume of 2,820,828 shares, compared to its average volume of 9,387,784. The company's 50-day moving average is $1.53 and its two-hundred day moving average is $1.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.33 and a quick ratio of 2.10. Gevo, Inc. has a one year low of $0.67 and a one year high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The energy company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.07. Gevo had a negative return on equity of 12.04% and a negative net margin of 72.76%.The business had revenue of $43.41 million during the quarter, compared to the consensus estimate of $43.69 million. On average, equities analysts predict that Gevo, Inc. will post -0.42 earnings per share 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.