268,867 Shares in Gevo, Inc. (NASDAQ:GEVO) Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new position in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 268,867 shares of the energy company's stock, valued at approximately $562,000. Schonfeld Strategic Advisors LLC owned approximately 0.11% of Gevo at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GEVO. International Assets Investment Management LLC acquired a new stake in Gevo during the fourth quarter worth approximately $59,000. Geode Capital Management LLC raised its holdings 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 stake in Gevo during the 4th quarter valued at $49,000. Renaissance Technologies LLC purchased a new position in Gevo during the fourth quarter valued at $904,000. Finally, Amundi bought a new position in Gevo in the 4th quarter valued at approximately $301,000. 35.17% of the stock is owned by institutional investors.

Gevo Price Performance

NASDAQ:GEVO traded up $0.01 during midday trading on Thursday, hitting $1.16. 1,364,792 shares of the stock were exchanged, compared to its average volume of 5,340,069. The business has a 50-day moving average price of $1.17 and a two-hundred day moving average price of $1.57. 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 capitalization of $276.75 million, a price-to-earnings ratio of -3.40 and a beta of 2.51. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39.

Gevo (NASDAQ:GEVO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.01. The firm had revenue of $29.11 million during the quarter, compared to analysts' expectations of $22.19 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. Sell-side analysts predict that Gevo, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on GEVO. HC Wainwright reissued a "buy" rating and set a $14.00 target price on shares of Gevo in a research report on Friday, March 28th. UBS Group decreased their price target on Gevo from $3.25 to $1.15 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd.

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.