LanzaTech Global Target of Unusually Large Options Trading (NASDAQ:LNZA)

LanzaTech Global, Inc. (NASDAQ:LNZA) was the target of some unusual options trading activity on Friday. Stock traders purchased 4,000 put options on the company. This is an increase of 1,059% compared to the average volume of 345 put options.

Institutional Investors Weigh In On LanzaTech Global

Several hedge funds and other institutional investors have recently bought and sold shares of LNZA. SBI Securities Co. Ltd. grew its holdings in shares of LanzaTech Global by 16,556.3% during the first quarter. SBI Securities Co. Ltd. now owns 170,394 shares of the company’s stock worth $41,000 after buying an additional 169,371 shares during the last quarter. Millennium Management LLC increased its position in LanzaTech Global by 95.0% during the fourth quarter. Millennium Management LLC now owns 88,261 shares of the company’s stock worth $121,000 after buying an additional 42,996 shares in the last quarter. Bank of America Corp DE increased its stake in LanzaTech Global by 47.2% in the fourth quarter. Bank of America Corp DE now owns 93,807 shares of the company’s stock valued at $129,000 after purchasing an additional 30,066 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of LanzaTech Global by 3.7% in the 4th quarter. Northern Trust Corp now owns 862,507 shares of the company’s stock valued at $1,182,000 after purchasing an additional 30,845 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in LanzaTech Global by 45.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,253 shares of the company’s stock worth $72,000 after acquiring an additional 16,325 shares during the last quarter. 17.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Janney Montgomery Scott cut LanzaTech Global from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

LanzaTech Global Stock Performance

Shares of LNZA opened at $0.22 on Friday. The stock has a 50-day simple moving average of $0.32 and a 200-day simple moving average of $0.92. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. LanzaTech Global has a 1 year low of $0.14 and a 1 year high of $3.26. The stock has a market capitalization of $43.32 million, a PE ratio of -0.34 and a beta of 1.69.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings results on Tuesday, April 15th. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $12.03 million during the quarter. LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. On average, analysts predict that LanzaTech Global will post -0.66 earnings per share for the current fiscal year.

About LanzaTech Global

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.