LanzaTech Global, Inc. (NASDAQ:LNZA) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in LanzaTech Global, Inc. (NASDAQ:LNZA - Free Report) by 1,631.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,915,847 shares of the company's stock after acquiring an additional 5,574,089 shares during the quarter. Vanguard Group Inc. owned approximately 3.02% of LanzaTech Global worth $27,627,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of LNZA. ExodusPoint Capital Management LP bought a new stake in shares of LanzaTech Global during the 1st quarter valued at about $111,000. Bank of America Corp DE bought a new stake in shares of LanzaTech Global during the 1st quarter valued at about $102,000. Squarepoint Ops LLC bought a new stake in shares of LanzaTech Global during the 1st quarter valued at about $105,000. Sandia Investment Management LP bought a new stake in shares of LanzaTech Global during the 1st quarter valued at about $76,000. Finally, Simon Quick Advisors LLC bought a new stake in LanzaTech Global during the first quarter worth about $118,000. Institutional investors own 17.76% of the company's stock.

LanzaTech Global Stock Down 7.7 %

Shares of NASDAQ LNZA traded down $0.26 during midday trading on Friday, hitting $3.10. The stock had a trading volume of 131,392 shares, compared to its average volume of 376,719. The business's 50 day moving average is $3.24 and its 200-day moving average is $4.03. The company has a market cap of $609.58 million, a P/E ratio of -3.30 and a beta of 1.46. LanzaTech Global, Inc. has a 52 week low of $2.57 and a 52 week high of $8.70. The company has a quick ratio of 6.22, a current ratio of 6.22 and a debt-to-equity ratio of 0.17.

LanzaTech Global (NASDAQ:LNZA - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. The firm had revenue of $20.46 million for the quarter, compared to the consensus estimate of $36.50 million. LanzaTech Global had a negative net margin of 214.11% and a negative return on equity of 95.22%. As a group, analysts predict that LanzaTech Global, Inc. will post -0.43 EPS for the current year.

Insider Transactions at LanzaTech Global

In other news, insider Freya Burton sold 50,225 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total value of $162,729.00. Following the transaction, the insider now owns 39,846 shares in the company, valued at $129,101.04. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

LNZA has been the topic of several research reports. Roth Mkm reissued a "buy" rating and set a $6.00 price objective on shares of LanzaTech Global in a research note on Monday, March 25th. Janney Montgomery Scott initiated coverage on shares of LanzaTech Global in a research note on Thursday, December 28th. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Seaport Res Ptn reissued a "buy" rating on shares of LanzaTech Global in a research note on Friday, March 15th.

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.