LanzaTech Global (NASDAQ:LNZA) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• LanzaTech Global has been upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, indicating increased analyst confidence in the stock.
• Despite the upgrade from Zacks, other analysts like Wall Street Zen have downgraded the stock to a "strong sell," highlighting mixed sentiment among experts.
• The stock price of LanzaTech Global has increased by 24.4%, reflecting a positive market movement following the upgrade by Zacks Research.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on LNZA. Wall Street Zen cut shares of LanzaTech Global from a "hold" rating to a "strong sell" rating in a research report on Friday, August 22nd. Weiss Ratings reiterated a "sell (e+)" rating on shares of LanzaTech Global in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $200.00.

LanzaTech Global Trading Up 24.4%

Shares of NASDAQ:LNZA opened at $29.86 on Tuesday. The stock has a 50 day moving average of $25.91 and a 200 day moving average of $26.66. The company has a market cap of $69.28 million and a PE ratio of -0.56. LanzaTech Global has a 12-month low of $14.01 and a 12-month high of $274.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LNZA. Bank of America Corp DE raised its stake in LanzaTech Global by 47.2% in the fourth quarter. Bank of America Corp DE now owns 93,807 shares of the company's stock valued at $129,000 after buying an additional 30,066 shares during the last quarter. Millennium Management LLC increased its holdings in shares of LanzaTech Global by 95.0% during the fourth quarter. Millennium Management LLC now owns 88,261 shares of the company's stock valued at $121,000 after acquiring an additional 42,996 shares in the last quarter. SBI Securities Co. Ltd. raised its position in shares of LanzaTech Global by 16,556.3% in the 1st quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company's stock valued at $41,000 after purchasing an additional 169,371 shares during the last quarter. Nuveen LLC acquired a new stake in LanzaTech Global in the 1st quarter worth approximately $49,000. Finally, AQR Capital Management LLC grew its position 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 purchasing an additional 168,247 shares during the last quarter. Hedge funds and other institutional investors 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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