LanzaTech Global (NASDAQ:LNZA) Trading 5.2% Higher - Here's Why

Key Points

• LanzaTech Global shares rose by 5.2% to $26.51 during trading, despite a significant decline in trading volume, with approximately 8,138 shares exchanged compared to an average of 35,000 shares.
• Analysts' ratings for LanzaTech Global are mixed, with one upgrade to a strong-buy rating, while others have issued ratings ranging from strong sell to hold, indicating a consensus target price of $200.00.
• Institutional investors have increased their stakes in LanzaTech, with notable growth from firms like AQR Capital Management, which raised its holdings by over 1,000% in the first quarter.

LanzaTech Global, Inc. (NASDAQ:LNZA - Get Free Report) shares were up 5.2% during trading on Wednesday . The company traded as high as $26.57 and last traded at $26.51. Approximately 8,138 shares were traded during trading, a decline of 77% from the average daily volume of 35,000 shares. The stock had previously closed at $25.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research upgraded LanzaTech Global from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of LanzaTech Global in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut LanzaTech Global from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $200.00.

LanzaTech Global Stock Up 5.2%

The company's fifty day moving average price is $24.36 and its two-hundred day moving average price is $26.44. The company has a market cap of $61.50 million and a price-to-earnings ratio of -0.50.

Hedge Funds Weigh In On LanzaTech Global

A number of institutional investors and hedge funds have recently bought and sold shares of LNZA. Qube Research & Technologies Ltd bought a new stake in shares of LanzaTech Global during the second quarter worth $27,000. SBI Securities Co. Ltd. lifted its position in LanzaTech Global by 77.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 303,186 shares of the company's stock worth $82,000 after buying an additional 132,792 shares in the last quarter. XTX Topco Ltd lifted its position in LanzaTech Global by 380.5% during the 2nd quarter. XTX Topco Ltd now owns 188,891 shares of the company's stock worth $51,000 after buying an additional 149,576 shares in the last quarter. AQR Capital Management LLC grew its holdings in LanzaTech Global by 1,045.1% during the 1st quarter. AQR Capital Management LLC now owns 184,346 shares of the company's stock worth $45,000 after acquiring an additional 168,247 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in LanzaTech Global in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 17.76% of the company's stock.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.

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