Tower Research Capital LLC TRC increased its position in Gevo, Inc. (NASDAQ:GEVO – Free Report) by 136.1% during the fourth quarter, Holdings Channel reports. The firm owned 49,134 shares of the energy company’s stock after buying an additional 28,323 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Gevo were worth $57,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Affirmative Financial Network boosted its stake in shares of Gevo by 104.1% during the 4th quarter. First Affirmative Financial Network now owns 32,036 shares of the energy company’s stock worth $37,000 after acquiring an additional 16,343 shares during the period. RPO LLC bought a new position in shares of Gevo in the fourth quarter valued at about $77,000. SG Americas Securities LLC acquired a new stake in shares of Gevo during the 4th quarter worth about $151,000. Citigroup Inc. boosted its holdings in shares of Gevo by 4.0% during the 3rd quarter. Citigroup Inc. now owns 441,136 shares of the energy company’s stock worth $525,000 after buying an additional 17,043 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Gevo by 53.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 445,586 shares of the energy company’s stock valued at $530,000 after buying an additional 155,385 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.
Gevo Stock Performance
Shares of NASDAQ GEVO traded up $0.07 during midday trading on Monday, reaching $0.71. The company’s stock had a trading volume of 4,593,886 shares, compared to its average volume of 6,410,045. The company has a market cap of $172.24 million, a P/E ratio of -2.54 and a beta of 2.86. The business’s 50 day moving average price is $0.73 and its two-hundred day moving average price is $0.96. Gevo, Inc. has a fifty-two week low of $0.57 and a fifty-two week high of $1.86.
Analyst Ratings Changes
Separately, UBS Group decreased their target price on Gevo from $1.36 to $0.85 and set a “neutral” rating on the stock in a research report on Wednesday, April 10th.
View Our Latest Research Report on GEVO
Gevo Company 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.
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