432,330 Shares in Gevo, Inc. (NASDAQ:GEVO) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 432,330 shares of the energy company's stock, valued at approximately $904,000. Renaissance Technologies LLC owned approximately 0.18% of Gevo as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC purchased a new position in Gevo during the fourth quarter worth approximately $59,000. Geode Capital Management LLC lifted its position in shares of Gevo by 9.6% during 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 buying an additional 234,727 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Gevo during the 4th quarter valued at approximately $49,000. Amundi acquired a new stake in Gevo in the 4th quarter valued at $301,000. Finally, Invesco Ltd. increased its holdings in Gevo by 441.0% in the 4th quarter. Invesco Ltd. now owns 4,289,949 shares of the energy company's stock worth $8,966,000 after acquiring an additional 3,497,007 shares in the last quarter. 35.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on GEVO shares. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a report on Friday, March 28th. UBS Group decreased their price target 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 Price Performance

NASDAQ GEVO traded down $0.02 during mid-day trading on Friday, hitting $1.06. The stock had a trading volume of 5,571,124 shares, compared to its average volume of 5,389,830. The firm's 50 day moving average is $1.20 and its 200 day moving average is $1.67. 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 stock has a market capitalization of $253.99 million, a price-to-earnings ratio of -3.12 and a beta of 2.62. 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 announced its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $4.15 million during the quarter, compared to analysts' expectations of $3.85 million. Equities research analysts forecast that Gevo, Inc. will post -0.42 earnings per share for the current fiscal year.

Gevo 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.