Schonfeld Strategic Advisors LLC Buys Shares of 268,867 Gevo, Inc. (NASDAQ:GEVO)

Schonfeld Strategic Advisors LLC purchased a new position in Gevo, Inc. (NASDAQ:GEVO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 268,867 shares of the energy company's stock, valued at approximately $562,000. Schonfeld Strategic Advisors LLC owned 0.11% of Gevo as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. 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 acquiring an additional 3,497,007 shares in the last quarter. Geode Capital Management LLC boosted its position in Gevo by 9.6% in the fourth quarter. Geode Capital Management LLC now owns 2,690,430 shares of the energy company's stock worth $5,626,000 after purchasing an additional 234,727 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Gevo during the fourth quarter worth about $904,000. Marshall Wace LLP bought a new stake in shares of Gevo in the 4th quarter worth approximately $812,000. Finally, SBI Securities Co. Ltd. purchased a new position in Gevo in the fourth quarter valued at approximately $468,000. 35.17% of the stock is owned by institutional investors.

Gevo Trading Up 4.2%

Gevo stock traded up $0.05 during mid-day trading on Tuesday, hitting $1.24. The company's stock had a trading volume of 4,762,147 shares, compared to its average volume of 5,351,432. The stock has a market cap of $297.12 million, a PE ratio of -3.65 and a beta of 2.51. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The company has a 50 day moving average of $1.17 and a 200-day moving average of $1.58.

Gevo (NASDAQ:GEVO - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The energy company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Gevo had a negative return on equity of 14.95% and a negative net margin of 510.04%. On average, research analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on GEVO. HC Wainwright restated a "buy" rating and set a $14.00 price target on shares of Gevo in a research report on Friday, March 28th. UBS Group lowered their price target on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd.

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.