Barclays PLC Buys 219,129 Shares of Gevo, Inc. (NASDAQ:GEVO)

Barclays PLC lifted its stake in Gevo, Inc. (NASDAQ:GEVO) by 10,956,450.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 219,131 shares of the energy company’s stock after acquiring an additional 219,129 shares during the period. Barclays PLC’s holdings in Gevo were worth $458,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in Gevo in the 4th quarter valued at approximately $59,000. Signal Advisors Wealth LLC bought a new stake in shares of Gevo during the fourth quarter valued at approximately $34,000. Ballentine Partners LLC acquired a new position in shares of Gevo in the fourth quarter valued at $54,000. Janney Montgomery Scott LLC lifted its position in Gevo by 166.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 44,825 shares of the energy company’s stock worth $94,000 after purchasing an additional 28,000 shares during the period. Finally, Financial Advocates Investment Management boosted its stake in Gevo by 28.5% during the fourth quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock worth $188,000 after buying an additional 19,980 shares in the last quarter. 35.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GEVO shares. HC Wainwright restated a “buy” rating and issued a $14.00 price objective 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 research note on Wednesday, April 2nd.

Gevo Price Performance

Gevo stock opened at $1.16 on Friday. The business has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $1.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The company has a market capitalization of $276.75 million, a PE ratio of -3.40 and a beta of 2.51. Gevo, Inc. has a one year low of $0.48 and a one year high of $3.39.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data 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 company had revenue of $4.15 million during the quarter, compared to analysts’ expectations of $3.85 million. On average, sell-side analysts forecast that Gevo, Inc. will post -0.42 EPS for the current fiscal year.

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.