Daiwa Securities Group Inc. Buys Shares of 12,580 LanzaTech Global, Inc. (NASDAQ:LNZA)

Daiwa Securities Group Inc. purchased a new position in shares of LanzaTech Global, Inc. (NASDAQ:LNZA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,580 shares of the company’s stock, valued at approximately $63,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LNZA. Vanguard Group Inc. grew its position in LanzaTech Global by 1,631.0% in the third quarter. Vanguard Group Inc. now owns 5,915,847 shares of the company’s stock valued at $27,627,000 after purchasing an additional 5,574,089 shares in the last quarter. Invesco Ltd. grew its holdings in shares of LanzaTech Global by 14,760.6% in the 3rd quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock valued at $7,311,000 after acquiring an additional 1,555,034 shares in the last quarter. Dumac Inc. acquired a new stake in shares of LanzaTech Global in the third quarter valued at about $4,899,000. Van ECK Associates Corp bought a new stake in LanzaTech Global during the third quarter worth about $1,564,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in LanzaTech Global during the third quarter valued at approximately $780,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LanzaTech Global

In other LanzaTech Global news, insider Freya Burton sold 50,225 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $3.24, for a total transaction of $162,729.00. Following the completion of the sale, the insider now directly owns 39,846 shares in the company, valued at $129,101.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Seaport Res Ptn reaffirmed a “buy” rating on shares of LanzaTech Global in a research report on Friday, March 15th. Roth Mkm restated a “buy” rating and set a $6.00 target price on shares of LanzaTech Global in a report on Monday, March 25th.

LanzaTech Global Trading Up 7.7 %

LanzaTech Global stock opened at $2.23 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 6.22 and a current ratio of 6.22. The stock has a 50-day simple moving average of $3.05 and a 200 day simple moving average of $3.91. The stock has a market capitalization of $438.51 million, a P/E ratio of -2.37 and a beta of 1.46. LanzaTech Global, Inc. has a 52 week low of $1.86 and a 52 week high of $8.70.

LanzaTech Global (NASDAQ:LNZA) last posted its earnings results on Wednesday, February 28th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. LanzaTech Global had a negative return on equity of 95.22% and a negative net margin of 214.11%. The business had revenue of $20.46 million for the quarter, compared to analyst estimates of $36.50 million. Analysts expect that LanzaTech Global, Inc. will post -0.43 earnings per share for the current year.

LanzaTech Global Profile

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.