388,428 Shares in Gevo, Inc. (NASDAQ:GEVO) Bought by Marshall Wace LLP

Marshall Wace LLP purchased a new position in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 388,428 shares of the energy company's stock, valued at approximately $812,000. Marshall Wace LLP owned 0.16% of Gevo at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. boosted its stake in Gevo by 441.0% during the fourth quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after buying an additional 3,497,007 shares during the period. Geode Capital Management LLC increased its holdings in 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 during the last quarter. Renaissance Technologies LLC purchased a new stake in Gevo in the fourth quarter valued at approximately $904,000. SBI Securities Co. Ltd. purchased a new position in shares of Gevo during the fourth quarter worth $468,000. Finally, Barclays PLC grew its stake in shares of Gevo by 10,956,450.0% in the fourth quarter. Barclays PLC now owns 219,131 shares of the energy company's stock valued at $458,000 after buying an additional 219,129 shares in the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on GEVO. HC Wainwright reiterated a "buy" rating and set a $14.00 price target on shares of Gevo in a research note on Friday, March 28th. UBS Group cut their target price on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd.

Gevo Stock Down 0.5 %

GEVO traded down $0.01 on Tuesday, hitting $1.03. 444,535 shares of the company were exchanged, compared to its average volume of 4,709,995. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The company has a market cap of $245.60 million, a price-to-earnings ratio of -3.01 and a beta of 2.51. The firm has a 50-day moving average price of $1.19 and a two-hundred day moving average price of $1.65. Gevo, Inc. has a twelve month low of $0.48 and a twelve month high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last released 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. 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 analyst estimates of $3.85 million. On average, equities analysts predict that Gevo, Inc. will post -0.42 earnings per share for the current year.

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.