Geode Capital Management LLC Increases Stake in Gevo, Inc. (NASDAQ:GEVO)

Geode Capital Management LLC lifted its holdings in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,690,430 shares of the energy company's stock after purchasing an additional 234,727 shares during the period. Geode Capital Management LLC owned 1.12% of Gevo worth $5,626,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in Gevo in the 4th quarter valued at about $468,000. Amundi purchased a new stake in shares of Gevo during the 4th quarter valued at $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 stake in Gevo by 166.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company's stock valued at $94,000 after purchasing an additional 28,000 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Gevo during the 4th quarter valued at $54,000. 35.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GEVO. HC Wainwright reiterated a "buy" rating and issued a $14.00 target price on shares of Gevo in a research note on Friday, March 28th. UBS Group lowered 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.

Gevo Price Performance

NASDAQ GEVO traded down $0.06 during trading hours on Tuesday, hitting $1.13. The company had a trading volume of 1,962,080 shares, compared to its average volume of 5,392,239. Gevo, Inc. has a 52 week low of $0.48 and a 52 week high of $3.39. The firm has a market capitalization of $270.76 million, a price-to-earnings ratio of -3.32 and a beta of 2.62. 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 firm has a 50 day simple moving average of $1.23 and a 200 day simple moving average of $1.69.

Gevo (NASDAQ:GEVO - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.85 million. Equities research analysts expect that Gevo, Inc. will post -0.42 earnings per share for the current 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.