2 weeks Ago By Defense World Staff
Vanguard Group Inc. trimmed its position in Gevo, Inc. (NASDAQ:GEVO – Free Report) by 10.
1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,352,407 shares of the energy company’s stock after selling 1,720,695 shares during the period. Vanguard Group Inc.
owned approximately 6.41% of Gevo worth $32,087,000 as of its most recent SEC filing. A number of other institutional investors have also recently added to or reduced their stakes in GEVO.
SBI Securities Co. Ltd. bought a new stake in shares of Gevo in the 4th quarter worth $468,000.
Amundi acquired a new position in Gevo during the fourth quarter worth about $301,000. Centerpoint Advisory Group bought a new stake in Gevo in the fourth quarter worth about $75,000. Janney Montgomery Scott LLC lifted its holdings in Gevo by 166.
4% in the 4th quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock valued at $94,000 after acquiring an additional 28,000 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Gevo in the 4th quarter valued at about $54,000.
35.17% of the stock is currently owned by institutional investors and hedge funds. Gevo Stock Up 4.
6 %Shares of Gevo stock opened at $1.14 on Monday. The company has a quick ratio of 8.
05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13.
Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.
39. The firm has a market capitalization of $273.16 million, a PE ratio of -3.
35 and a beta of 2.62. The stock’s fifty day moving average is $1.
37 and its 200-day moving average is $1.74. Gevo (NASDAQ:GEVO – Get Free Report) last posted its quarterly earnings data on Thursday, March 27th.
The energy company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.
02. Gevo had a negative return on equity of 14.95% and a negative net margin of 510.
04%. The firm had revenue of $4.15 million for the quarter, compared to the consensus estimate of $3.
85 million. Equities analysts anticipate that Gevo, Inc. will post -0.
42 earnings per share for the current year. Wall Street Analysts Forecast GrowthGEVO has been the topic of a number of research reports. UBS Group dropped their target price on shares of Gevo from $3.
25 to $1.15 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. HC Wainwright reaffirmed a “buy” rating and issued a $14.
00 price target on shares of Gevo in a report on Friday, March 28th.View Our Latest Report on GEVOGevo Company Profile (Free Report)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.See AlsoFive stocks we like better than GevoBest Stocks Under $10.
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