Barclays PLC raised its holdings in Gevo, Inc. (NASDAQ:GEVO - Free Report) by 10,956,450.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,131 shares of the energy company's stock after buying an additional 219,129 shares during the period. Barclays PLC owned about 0.09% of Gevo worth $458,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Gevo by 441.0% during the 4th quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after acquiring an additional 3,497,007 shares during the period. Renaissance Technologies LLC bought a new stake in Gevo during the fourth quarter worth $904,000. Geode Capital Management LLC boosted its holdings in shares of Gevo by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock valued at $5,626,000 after purchasing an additional 234,727 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Gevo during the 4th quarter worth $468,000. Finally, Amundi bought a new stake in shares of Gevo during the 4th quarter worth $301,000. Institutional investors own 35.17% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have commented on the company. UBS Group lowered their target price on Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. HC Wainwright reiterated a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, March 28th.
Read Our Latest Research Report on GEVO
Gevo Trading Up 4.2%
Shares of NASDAQ:GEVO traded up $0.05 during midday trading on Tuesday, hitting $1.24. 4,762,147 shares of the stock were exchanged, compared to its average volume of 5,338,175. The business's 50-day moving average price is $1.17 and its 200 day moving average price is $1.58. The stock has a market capitalization of $297.12 million, a price-to-earnings ratio of -3.65 and a beta of 2.51. 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 quick ratio of 8.05 and a current ratio of 8.25.
Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. Analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current year.
Gevo Company Profile
(
Free Report)
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.
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