MetLife Investment Management LLC Sells 12,077 Shares of LanzaTech Global, Inc. (NASDAQ:LNZA)

MetLife Investment Management LLC lowered its stake in LanzaTech Global, Inc. (NASDAQ:LNZA) by 40.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,925 shares of the company’s stock after selling 12,077 shares during the quarter. MetLife Investment Management LLC’s holdings in LanzaTech Global were worth $34,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. XTX Topco Ltd purchased a new stake in LanzaTech Global in the 2nd quarter worth $26,000. Intech Investment Management LLC purchased a new stake in shares of LanzaTech Global during the 3rd quarter valued at about $29,000. Principal Financial Group Inc. purchased a new stake in shares of LanzaTech Global during the 2nd quarter valued at about $28,000. SG Americas Securities LLC purchased a new stake in shares of LanzaTech Global during the 3rd quarter valued at about $72,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of LanzaTech Global during the 2nd quarter valued at about $92,000. Hedge funds and other institutional investors own 17.76% of the company’s stock.

LanzaTech Global Trading Down 1.1 %

NASDAQ LNZA opened at $1.00 on Wednesday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 6.64. The company has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $1.72. LanzaTech Global, Inc. has a 12-month low of $0.95 and a 12-month high of $5.73. The stock has a market cap of $197.59 million, a P/E ratio of -1.54 and a beta of 1.42.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.16). The firm had revenue of $9.94 million for the quarter, compared to analyst estimates of $17.87 million. LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. During the same quarter in the prior year, the business posted ($0.13) EPS. On average, analysts forecast that LanzaTech Global, Inc. will post -0.63 earnings per share for the current year.

Analyst Ratings Changes

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

LanzaTech Global Profile

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.