Vanguard Group Inc. reduced its holdings in shares of Gevo, Inc. (NASDAQ:GEVO - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 about 6.41% of Gevo worth $32,087,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEVO. Raymond James Financial Inc. acquired a new position in shares of Gevo during the fourth quarter worth about $27,000. Signal Advisors Wealth LLC purchased a new position in shares of Gevo during the fourth quarter worth approximately $34,000. Commonwealth Equity Services LLC purchased a new position in Gevo during the 4th quarter worth $49,000. Ballentine Partners LLC acquired a new position in Gevo in the fourth quarter valued at $54,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Gevo in the fourth quarter valued at about $59,000. Hedge funds and other institutional investors own 35.17% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have commented on the company. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a research note on Friday, March 28th. UBS Group cut their price objective on shares of Gevo from $3.25 to $1.15 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd.
Read Our Latest Stock Report on GEVO
Gevo Price Performance
Shares of Gevo stock traded down $0.04 during trading on Tuesday, reaching $1.12. The company's stock had a trading volume of 1,995,757 shares, compared to its average volume of 5,501,869. The business has a 50 day moving average price of $1.34 and a 200-day moving average price of $1.73. Gevo, Inc. has a 12-month low of $0.48 and a 12-month high of $3.39. The company has a market capitalization of $268.36 million, a P/E ratio of -3.29 and a beta of 2.62. 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 (NASDAQ:GEVO - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The firm had revenue of $4.15 million during the quarter, compared to analysts' expectations of $3.85 million. As a group, sell-side analysts anticipate that Gevo, Inc. will post -0.42 EPS for the current year.
Gevo 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.
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