Renaissance Technologies LLC Purchases Shares of 432,330 Gevo, Inc. (NASDAQ:GEVO)

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

Other large investors have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in Gevo in the 4th quarter worth about $59,000. Signal Advisors Wealth LLC acquired a new position in shares of Gevo in the 4th quarter valued at about $34,000. Ballentine Partners LLC purchased a new stake in shares of Gevo in the fourth quarter worth approximately $54,000. Janney Montgomery Scott LLC boosted its holdings in shares of Gevo by 166.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company's stock worth $94,000 after purchasing an additional 28,000 shares during the period. Finally, Financial Advocates Investment Management boosted its stake in shares of Gevo by 28.5% during the 4th quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company's stock valued at $188,000 after buying an additional 19,980 shares during the period. Institutional investors and hedge funds own 35.17% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on GEVO. UBS Group cut their price objective on Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. HC Wainwright reissued a "buy" rating and issued a $14.00 price target on shares of Gevo in a research note on Friday, March 28th.

Gevo Stock Up 0.5 %

Shares of GEVO stock traded up $0.01 on Tuesday, hitting $1.04. The company's stock had a trading volume of 2,102,257 shares, compared to its average volume of 5,374,968. The stock has a market capitalization of $248.00 million, a price-to-earnings ratio of -3.04 and a beta of 2.51. Gevo, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $3.39. The firm's fifty day moving average price is $1.18 and its 200-day moving average price is $1.64. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Gevo (NASDAQ:GEVO - Get Free Report) last announced its quarterly 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. The company had revenue of $4.15 million during the quarter, compared to analysts' expectations of $3.85 million. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. Research analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.

About Gevo

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.