Barclays PLC Raises Holdings in LanzaTech Global, Inc. (NASDAQ:LNZA)

Barclays PLC boosted its stake in LanzaTech Global, Inc. (NASDAQ:LNZA) by 322.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 160,226 shares of the company’s stock after acquiring an additional 122,289 shares during the period. Barclays PLC’s holdings in LanzaTech Global were worth $306,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LNZA. Bank of New York Mellon Corp raised its holdings in LanzaTech Global by 433.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock valued at $577,000 after acquiring an additional 253,562 shares during the last quarter. State Street Corp lifted its holdings in shares of LanzaTech Global by 6.3% during the 3rd quarter. State Street Corp now owns 1,610,965 shares of the company’s stock valued at $3,077,000 after acquiring an additional 95,725 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in LanzaTech Global during the 2nd quarter worth $92,000. SG Americas Securities LLC acquired a new stake in LanzaTech Global in the 3rd quarter valued at $72,000. Finally, Charles Schwab Investment Management Inc. raised its position in LanzaTech Global by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock valued at $1,445,000 after purchasing an additional 25,629 shares during the period. Institutional investors and hedge funds own 17.76% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen decreased their target price on LanzaTech Global from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, November 11th.

LanzaTech Global Price Performance

Shares of LNZA stock opened at $1.68 on Friday. The firm has a fifty day simple moving average of $1.33 and a 200-day simple moving average of $1.58. The company has a market capitalization of $332.25 million, a PE ratio of -2.58 and a beta of 1.42. LanzaTech Global, Inc. has a twelve month low of $0.84 and a twelve month high of $5.01. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 6.64.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.16). LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. The firm had revenue of $9.94 million during the quarter, compared to analysts’ expectations of $17.87 million. During the same period in the previous year, the company earned ($0.13) earnings per share. Equities research analysts anticipate that LanzaTech Global, Inc. will post -0.63 earnings per share for the current fiscal year.

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.