Point72 Asset Management L.P. Has $3.77 Million Stock Position in Gevo, Inc. (NASDAQ:GEVO)

Point72 Asset Management L.P. increased its stake in Gevo, Inc. (NASDAQ:GEVO - Free Report) by 54.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,312,870 shares of the energy company's stock after purchasing an additional 812,870 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.97% of Gevo worth $3,770,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lauterbach Financial Advisors LLC acquired a new position in Gevo during the third quarter valued at approximately $29,000. Financial Advocates Investment Management acquired a new stake in shares of Gevo in the third quarter valued at about $114,000. Alternative Investment Advisors LLC. bought a new position in shares of Gevo in the second quarter worth about $51,000. Point72 DIFC Ltd acquired a new position in shares of Gevo during the 2nd quarter worth about $64,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Gevo during the 2nd quarter valued at approximately $112,000. Institutional investors own 35.17% of the company's stock.

Gevo Trading Up 1.3 %

Shares of GEVO stock traded up $0.02 during mid-day trading on Monday, reaching $1.55. The stock had a trading volume of 2,343,158 shares, compared to its average volume of 5,823,713. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39. The firm's 50 day simple moving average is $1.96 and its 200 day simple moving average is $1.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05.

Analyst Upgrades and Downgrades

GEVO has been the subject of several research analyst reports. UBS Group upped their target price on shares of Gevo from $0.85 to $3.25 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. HC Wainwright reaffirmed a "buy" rating and set a $14.00 price objective on shares of Gevo in a research report on Wednesday, November 13th.

Insider Activity at Gevo

In related news, insider Andrew Shafer sold 26,911 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $2.37, for a total value of $63,779.07. Following the sale, the insider now owns 332,430 shares of the company's stock, valued at $787,859.10. The trade was a 7.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul D. Bloom sold 16,000 shares of the firm's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $3.06, for a total transaction of $48,960.00. Following the transaction, the insider now owns 947,882 shares of the company's stock, valued at approximately $2,900,518.92. This represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

Gevo Company 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.