Wellington Management Group LLP Purchases 36,983 Shares of Aemetis, Inc $AMTX

Wellington Management Group LLP increased its position in shares of Aemetis, Inc (NASDAQ:AMTX) by 142.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,995 shares of the specialty chemicals company’s stock after buying an additional 36,983 shares during the period. Wellington Management Group LLP owned 0.12% of Aemetis worth $110,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Jane Street Group LLC raised its position in shares of Aemetis by 1,130.0% in the 4th quarter. Jane Street Group LLC now owns 374,016 shares of the specialty chemicals company’s stock worth $1,006,000 after acquiring an additional 343,609 shares in the last quarter. Northern Trust Corp increased its holdings in Aemetis by 3.7% in the fourth quarter. Northern Trust Corp now owns 297,023 shares of the specialty chemicals company’s stock worth $799,000 after purchasing an additional 10,658 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Aemetis by 14.2% in the first quarter. PNC Financial Services Group Inc. now owns 113,560 shares of the specialty chemicals company’s stock valued at $198,000 after buying an additional 14,152 shares during the period. Nuveen LLC bought a new position in shares of Aemetis during the 1st quarter worth approximately $153,000. Finally, Invesco Ltd. grew its position in shares of Aemetis by 374.0% during the 1st quarter. Invesco Ltd. now owns 81,256 shares of the specialty chemicals company’s stock worth $141,000 after buying an additional 64,115 shares during the period. Institutional investors own 27.02% of the company’s stock.

Wall Street Analysts Forecast Growth

AMTX has been the topic of a number of research reports. Ascendiant Capital Markets boosted their target price on shares of Aemetis from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, June 6th. UBS Group upped their price objective on shares of Aemetis from $2.20 to $3.00 and gave the company a “buy” rating in a report on Monday, June 30th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $17.00.

Insider Buying and Selling at Aemetis

In related news, Director Francis P. Barton sold 26,452 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $527,550.54. This trade represents a 11.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.90% of the stock is owned by corporate insiders.

Aemetis Trading Down 2.4%

NASDAQ AMTX opened at $2.48 on Wednesday. The company has a market cap of $156.84 million, a P/E ratio of -1.53 and a beta of 1.34. The company has a fifty day simple moving average of $2.77 and a 200 day simple moving average of $2.09. Aemetis, Inc has a 12-month low of $1.22 and a 12-month high of $4.73.

Aemetis (NASDAQ:AMTX) last released its quarterly earnings data on Thursday, August 7th. The specialty chemicals company reported ($0.41) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.06). The business had revenue of $52.24 million for the quarter, compared to analysts’ expectations of $78.68 million. Sell-side analysts predict that Aemetis, Inc will post -2.07 EPS for the current year.

About Aemetis

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.