Invesco Ltd. Has $8.97 Million Holdings in Gevo, Inc. (NASDAQ:GEVO)

Invesco Ltd. lifted its stake in Gevo, Inc. (NASDAQ:GEVO) by 441.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,289,949 shares of the energy company’s stock after purchasing an additional 3,497,007 shares during the period. Invesco Ltd. owned 1.79% of Gevo worth $8,966,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GEVO. Raymond James Financial Inc. bought a new stake in shares of Gevo during the fourth quarter worth $27,000. Signal Advisors Wealth LLC acquired a new stake in Gevo during the 4th quarter worth approximately $34,000. VisionPoint Advisory Group LLC lifted its stake in Gevo by 200.9% in the fourth quarter. VisionPoint Advisory Group LLC now owns 28,057 shares of the energy company’s stock valued at $65,000 after buying an additional 18,734 shares in the last quarter. Financial Advocates Investment Management boosted its holdings in shares of Gevo by 28.5% in the fourth quarter. Financial Advocates Investment Management now owns 90,000 shares of the energy company’s stock valued at $188,000 after buying an additional 19,980 shares during the period. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Gevo during the fourth quarter worth $49,000. Institutional investors own 35.17% of the company’s stock.

Gevo Stock Down 2.5 %

GEVO opened at $1.16 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. The stock has a fifty day moving average of $1.26 and a 200-day moving average of $1.71. Gevo, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $3.39. The company has a market capitalization of $277.95 million, a P/E ratio of -3.41 and a beta of 2.62.

Gevo (NASDAQ:GEVO) last posted its earnings results on Thursday, March 27th. The energy company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. The firm had revenue of $4.15 million for the quarter, compared to analysts’ expectations of $3.85 million. On average, equities analysts expect that Gevo, Inc. will post -0.42 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group dropped their target price on shares of Gevo from $3.25 to $1.15 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. HC Wainwright reaffirmed a “buy” rating and set a $14.00 price objective on shares of Gevo in a research report on Friday, March 28th.

Gevo 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.