Intech Investment Management LLC Invests $29,000 in LanzaTech Global, Inc. (NASDAQ:LNZA)

Intech Investment Management LLC bought a new stake in LanzaTech Global, Inc. (NASDAQ:LNZA) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 15,074 shares of the company’s stock, valued at approximately $29,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in LanzaTech Global by 433.7% during the second quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock worth $577,000 after acquiring an additional 253,562 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of LanzaTech Global in the 2nd quarter valued at about $251,000. The Manufacturers Life Insurance Company acquired a new stake in LanzaTech Global in the 2nd quarter valued at about $92,000. SG Americas Securities LLC bought a new position in LanzaTech Global during the third quarter worth about $72,000. Finally, Principal Financial Group Inc. acquired a new position in LanzaTech Global during the second quarter worth approximately $28,000. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Stock Performance

Shares of LNZA stock opened at $1.01 on Tuesday. LanzaTech Global, Inc. has a 52 week low of $0.95 and a 52 week high of $5.73. The company has a market capitalization of $199.74 million, a price-to-earnings ratio of -1.55 and a beta of 1.42. The company has a 50-day simple moving average of $1.57 and a 200 day simple moving average of $1.72. 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 (NASDAQ:LNZA) last issued its quarterly earnings data on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.16). The company had revenue of $9.94 million for the quarter, compared to analyst estimates of $17.87 million. LanzaTech Global had a negative return on equity of 180.10% and a negative net margin of 223.03%. During the same quarter last year, the business earned ($0.13) earnings per share. On average, sell-side analysts predict that LanzaTech Global, Inc. will post -0.63 earnings per share for the current year.

Analyst Ratings Changes

Separately, TD Cowen cut their price objective on LanzaTech Global from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, November 11th.

LanzaTech Global Company 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.