OMERS ADMINISTRATION Corp Increases Position in Gevo, Inc. $GEVO

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 position in 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 firm owned 289,300 shares of the energy company's stock after purchasing an additional 154,400 shares during the quarter. OMERS ADMINISTRATION Corp owned 0.12% of Gevo worth $336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GEVO. Raymond James Financial Inc. purchased a new stake in Gevo in the 4th quarter worth about $27,000. Y Intercept Hong Kong Ltd purchased a new stake in Gevo in the 1st quarter worth about $36,000. Deutsche Bank AG raised its position in 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 purchasing an additional 40,020 shares during the period. WNY Asset Management LLC purchased a new stake in Gevo in the 1st quarter worth about $58,000. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Gevo during the first quarter worth approximately $58,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Stock Down 1.5%

Shares of NASDAQ GEVO traded down $0.03 during midday trading on Tuesday, reaching $1.62. 602,149 shares of the company's stock traded hands, compared to its average volume of 4,899,245. The company has a quick ratio of 2.10, a current ratio of 2.33 and a debt-to-equity ratio of 0.29. The stock's 50 day simple moving average is $1.54 and its 200-day simple moving average is $1.32. Gevo, Inc. has a one year low of $0.67 and a one year high of $3.39. The company has a market cap of $390.57 million, a price-to-earnings ratio of -6.21 and a beta of 2.18.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In other Gevo news, COO Christopher Michael Ryan sold 43,964 shares of Gevo stock in a transaction on Friday, August 1st. The shares were sold at an average price of $1.25, for a total value of $54,955.00. Following the completion of the transaction, the chief operating officer owned 1,676,120 shares of the company's stock, valued at approximately $2,095,150. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gary W. Mize sold 91,459 shares of Gevo stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $1.68, for a total value of $153,651.12. Following the completion of the sale, the director owned 388,326 shares in the company, valued at approximately $652,387.68. The trade was a 19.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 681,885 shares of company stock valued at $915,584 over the last quarter. Insiders own 4.00% of the company's stock.

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.