Invesco Ltd. Purchases 3,497,007 Shares of Gevo, Inc. (NASDAQ:GEVO)

Invesco Ltd. raised its stake in Gevo, Inc. (NASDAQ:GEVO - Free Report) by 441.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,289,949 shares of the energy company's stock after acquiring an additional 3,497,007 shares during the quarter. Invesco Ltd. owned approximately 1.79% of Gevo worth $8,966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Gevo during the 4th quarter worth about $27,000. Signal Advisors Wealth LLC acquired a new position in Gevo during the fourth quarter valued at approximately $34,000. Commonwealth Equity Services LLC purchased a new stake in shares of Gevo during the fourth quarter valued at approximately $49,000. ExodusPoint Capital Management LP purchased a new stake in shares of Gevo during the fourth quarter valued at approximately $49,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Gevo in the fourth quarter worth $59,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Price Performance

Shares of NASDAQ GEVO traded down $0.05 during mid-day trading on Tuesday, reaching $1.15. 520,696 shares of the company traded hands, compared to its average volume of 5,386,842. Gevo, Inc. has a fifty-two week low of $0.48 and a fifty-two week 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 firm has a market cap of $274.35 million, a PE ratio of -3.37 and a beta of 2.62. The stock has a fifty day simple moving average of $1.23 and a 200-day simple moving average of $1.69.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.02. The firm had revenue of $4.15 million during the quarter, compared to analysts' expectations of $3.85 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. Equities research analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GEVO has been the subject of a number of research reports. UBS Group decreased their price objective on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. HC Wainwright restated a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, March 28th.

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.