Fmr LLC Sells 16,859 Shares of Gevo, Inc. (NASDAQ:GEVO)

Fmr LLC decreased its position in Gevo, Inc. (NASDAQ:GEVO) by 45.0% in the third quarter, Holdings Channel.com reports. The firm owned 20,618 shares of the energy company’s stock after selling 16,859 shares during the quarter. Fmr LLC’s holdings in Gevo were worth $34,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lauterbach Financial Advisors LLC bought a new position in shares of Gevo in the 3rd quarter worth about $29,000. Alternative Investment Advisors LLC. purchased a new stake in Gevo in the second quarter worth about $51,000. Point72 DIFC Ltd bought a new position in shares of Gevo during the second quarter valued at approximately $64,000. XTX Topco Ltd lifted its holdings in shares of Gevo by 61.8% during the second quarter. XTX Topco Ltd now owns 133,674 shares of the energy company’s stock valued at $74,000 after purchasing an additional 51,057 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Gevo in the 2nd quarter worth approximately $112,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Gevo Stock Performance

Shares of NASDAQ GEVO opened at $1.51 on Thursday. The company has a quick ratio of 8.05, a current ratio of 8.25 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $1.87 and its 200-day moving average price is $1.25. Gevo, Inc. has a 52-week low of $0.48 and a 52-week high of $3.39. The company has a market cap of $361.50 million, a PE ratio of -4.44 and a beta of 2.83.

Insider Buying and Selling

In other news, insider Paul D. Bloom sold 16,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $3.06, for a total transaction of $48,960.00. Following the completion of the sale, the insider now owns 947,882 shares of the company’s stock, valued at $2,900,518.92. This represents a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew Shafer sold 26,911 shares of the firm’s 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 currently owned by corporate insiders.

About Gevo

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.