130,095 Shares in Gevo, Inc. (NASDAQ:GEVO) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in shares of Gevo, Inc. (NASDAQ:GEVO) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 130,095 shares of the energy company’s stock, valued at approximately $151,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new position in shares of Gevo in the 1st quarter valued at about $55,000. Cubist Systematic Strategies LLC acquired a new position in Gevo in the 2nd quarter worth about $39,000. Mosaic Family Wealth Partners LLC acquired a new position in Gevo in the 4th quarter worth about $32,000. Mariner LLC acquired a new position in Gevo in the 4th quarter worth about $33,000. Finally, Sentinus LLC acquired a new position in Gevo in the 1st quarter worth about $27,000. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Stock Performance

Shares of Gevo stock opened at $0.60 on Wednesday. The firm has a market capitalization of $145.48 million, a price-to-earnings ratio of -2.15 and a beta of 2.86. Gevo, Inc. has a fifty-two week low of $0.60 and a fifty-two week high of $1.86. The stock has a 50 day moving average of $0.78 and a 200 day moving average of $0.98.

Gevo (NASDAQ:GEVO) last issued its quarterly earnings data on Thursday, March 7th. The energy company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The business had revenue of $4.37 million during the quarter, compared to analysts’ expectations of $4.26 million. Gevo had a negative return on equity of 11.49% and a negative net margin of 384.97%. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Analysts forecast that Gevo, Inc. will post -0.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group reduced their target price on Gevo from $1.36 to $0.85 and set a “neutral” rating for the company in a report on Wednesday, April 10th.

About Gevo

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.