PNC Financial Services Group Inc. Increases Stock Position in Aemetis, Inc $AMTX

PNC Financial Services Group Inc. boosted its stake in Aemetis, Inc (NASDAQ:AMTX) by 14.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,560 shares of the specialty chemicals company’s stock after purchasing an additional 14,152 shares during the quarter. PNC Financial Services Group Inc. owned about 0.21% of Aemetis worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of AMTX. JPMorgan Chase & Co. raised its stake in Aemetis by 515.9% in the fourth quarter. JPMorgan Chase & Co. now owns 120,716 shares of the specialty chemicals company’s stock valued at $325,000 after purchasing an additional 101,116 shares in the last quarter. Geode Capital Management LLC raised its stake in Aemetis by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 934,993 shares of the specialty chemicals company’s stock valued at $2,516,000 after purchasing an additional 10,700 shares in the last quarter. Wells Fargo & Company MN raised its stake in Aemetis by 20.0% in the fourth quarter. Wells Fargo & Company MN now owns 45,741 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 7,622 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Aemetis by 684.5% in the fourth quarter. Russell Investments Group Ltd. now owns 78,191 shares of the specialty chemicals company’s stock valued at $210,000 after purchasing an additional 68,224 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Aemetis in the fourth quarter valued at approximately $203,000. 27.02% of the stock is owned by hedge funds and other institutional investors.

Aemetis Stock Performance

Shares of Aemetis stock opened at $2.49 on Monday. Aemetis, Inc has a 52-week low of $1.22 and a 52-week high of $4.73. The stock has a market capitalization of $157.47 million, a price-to-earnings ratio of -1.54 and a beta of 1.49. The company’s 50 day moving average price is $2.66 and its 200-day moving average price is $2.05.

Aemetis (NASDAQ:AMTX) last issued its earnings results on Thursday, August 7th. The specialty chemicals company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.06). The firm had revenue of $52.24 million for the quarter, compared to analysts’ expectations of $78.68 million. As a group, equities research analysts forecast that Aemetis, Inc will post -2.07 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Francis P. Barton sold 26,452 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $2.53, for a total value of $66,923.56. Following the transaction, the director owned 208,518 shares in the company, valued at approximately $527,550.54. This trade represents a 11.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMTX. Ascendiant Capital Markets lifted their price target on shares of Aemetis from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, June 6th. UBS Group lifted their price target on shares of Aemetis from $2.20 to $3.00 and gave the stock a “buy” rating in a research note on Monday, June 30th.

Aemetis Profile

Aemetis, Inc operates as a renewable natural gas and renewable fuels company. It operates through three segments: California Ethanol, California Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the operation, acquisition, development, and commercialization of technologies to produce low and negative carbon intensity renewable fuels that replace fossil-based products.