LanzaTech Global, Inc. (NASDAQ:LNZA) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of LanzaTech Global, Inc. (NASDAQ:LNZA) by 1,631.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,915,847 shares of the company’s stock after acquiring an additional 5,574,089 shares during the quarter. Vanguard Group Inc.’s holdings in LanzaTech Global were worth $27,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in LanzaTech Global during the second quarter worth about $14,197,000. Invesco Ltd. increased its stake in LanzaTech Global by 14,760.6% during the 3rd quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock worth $7,311,000 after buying an additional 1,555,034 shares during the period. Dumac Inc. acquired a new stake in LanzaTech Global during the 3rd quarter worth approximately $4,899,000. Geode Capital Management LLC purchased a new position in LanzaTech Global in the second quarter valued at $5,914,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of LanzaTech Global by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 490,786 shares of the company’s stock valued at $2,292,000 after buying an additional 24,406 shares during the period. Hedge funds and other institutional investors own 17.76% of the company’s stock.

LanzaTech Global Stock Down 7.7 %

LNZA stock opened at $3.10 on Friday. The company’s 50 day moving average is $3.24 and its two-hundred day moving average is $4.04. LanzaTech Global, Inc. has a twelve month low of $2.57 and a twelve month high of $8.70. The company has a current ratio of 6.22, a quick ratio of 6.22 and a debt-to-equity ratio of 0.17. The stock has a market cap of $609.58 million, a P/E ratio of -3.30 and a beta of 1.46.

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

LNZA has been the subject of several analyst reports. Janney Montgomery Scott assumed coverage on shares of LanzaTech Global in a report on Thursday, December 28th. They set a “buy” rating and a $10.00 price target for the company. Seaport Res Ptn reissued a “buy” rating on shares of LanzaTech Global in a report on Friday, March 15th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $6.00 price target on shares of LanzaTech Global in a report on Monday, March 25th.

About LanzaTech Global

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.