Charles Schwab Investment Management Inc. Sells 164,953 Shares of Gevo, Inc. (NASDAQ:GEVO)

Charles Schwab Investment Management Inc. reduced its stake in Gevo, Inc. (NASDAQ:GEVO) by 62.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,061 shares of the energy company’s stock after selling 164,953 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Gevo were worth $165,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in GEVO. Lauterbach Financial Advisors LLC bought a new position in Gevo in the third quarter worth approximately $29,000. XTX Topco Ltd lifted its holdings in shares of Gevo by 61.8% in the 2nd quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock worth $74,000 after buying an additional 51,057 shares during the period. Financial Advocates Investment Management bought a new position in shares of Gevo during the 3rd quarter worth $114,000. Alternative Investment Advisors LLC. purchased a new position in shares of Gevo during the second quarter valued at $51,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Gevo during the second quarter valued at $64,000. 35.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Gevo

In other news, insider Paul D. Bloom sold 16,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total value of $48,960.00. Following the sale, the insider now directly owns 947,882 shares in the company, valued at approximately $2,900,518.92. This trade represents a 1.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Shafer sold 26,911 shares of Gevo stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $2.37, for a total transaction of $63,779.07. Following the completion of the transaction, the insider now directly owns 332,430 shares in the company, valued at approximately $787,859.10. The trade was a 7.49 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Gevo Trading Down 2.0 %

GEVO opened at $1.46 on Friday. The company has a current ratio of 8.25, a quick ratio of 8.05 and a debt-to-equity ratio of 0.13. The firm has a market cap of $349.53 million, a price-to-earnings ratio of -4.29 and a beta of 2.83. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39. The stock has a fifty day moving average price of $1.93 and a 200-day moving average price of $1.22.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GEVO. HC Wainwright reiterated a “buy” rating and set a $14.00 target price on shares of Gevo in a report on Wednesday, November 13th. UBS Group increased their price objective on shares of Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

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.