Vanguard Group Inc. cut its position in Gevo, Inc. (NASDAQ:GEVO - Free Report) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,352,407 shares of the energy company's stock after selling 1,720,695 shares during the period. Vanguard Group Inc. owned approximately 6.41% of Gevo worth $32,087,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of GEVO. SBI Securities Co. Ltd. acquired a new stake in Gevo during the fourth quarter worth about $468,000. Amundi acquired a new stake in shares of Gevo during the 4th quarter worth approximately $301,000. Centerpoint Advisory Group acquired a new stake in shares of Gevo during the 4th quarter worth approximately $75,000. Janney Montgomery Scott LLC lifted its stake in shares of Gevo by 166.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company's stock valued at $94,000 after purchasing an additional 28,000 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in Gevo during the fourth quarter worth $54,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on GEVO. HC Wainwright reissued a "buy" rating and set a $14.00 target price on shares of Gevo in a research note on Friday, March 28th. UBS Group lowered 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.
View Our Latest Report on Gevo
Gevo Price Performance
NASDAQ GEVO traded up $0.03 on Friday, hitting $1.20. The company had a trading volume of 1,859,886 shares, compared to its average volume of 5,505,916. 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's fifty day moving average price is $1.30 and its 200-day moving average price is $1.72. The company has a market capitalization of $287.53 million, a PE ratio of -3.53 and a beta of 2.62. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39.
Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.02. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The firm had revenue of $4.15 million for the quarter, compared to the consensus estimate of $3.85 million. As a group, 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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