Charles Schwab Investment Management Inc. Increases Stake in LanzaTech Global, Inc. (NASDAQ:LNZA)

Charles Schwab Investment Management Inc. boosted its stake in shares of LanzaTech Global, Inc. (NASDAQ:LNZA) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 756,552 shares of the company’s stock after buying an additional 25,629 shares during the period. Charles Schwab Investment Management Inc. owned 0.38% of LanzaTech Global worth $1,445,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LNZA. Intech Investment Management LLC purchased a new position in LanzaTech Global during the third quarter worth about $29,000. SG Americas Securities LLC acquired a new position in shares of LanzaTech Global in the 3rd quarter valued at $72,000. The Manufacturers Life Insurance Company acquired a new stake in shares of LanzaTech Global during the second quarter worth about $92,000. XTX Topco Ltd acquired a new stake in shares of LanzaTech Global in the second quarter valued at approximately $26,000. Finally, Principal Financial Group Inc. purchased a new position in shares of LanzaTech Global during the second quarter worth approximately $28,000. 17.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

LanzaTech Global Stock Performance

LNZA opened at $1.00 on Tuesday. The stock’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.65. The company has a debt-to-equity ratio of 6.64, a current ratio of 2.91 and a quick ratio of 2.91. The stock has a market cap of $197.77 million, a P/E ratio of -1.54 and a beta of 1.42. LanzaTech Global, Inc. has a 1-year low of $0.95 and a 1-year high of $5.73.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.29) earnings per share (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 return on equity of 180.10% and a negative net margin of 223.03%. During the same period last year, the firm earned ($0.13) EPS. As a group, equities analysts anticipate that LanzaTech Global, Inc. will post -0.63 EPS for the current fiscal year.

LanzaTech Global Company 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.