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

Charles Schwab Investment Management Inc. trimmed its position in Gevo, Inc. (NASDAQ:GEVO) by 62.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,061 shares of the energy company’s stock after selling 164,953 shares during the quarter. 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 also recently made changes to their positions in the company. Lauterbach Financial Advisors LLC bought a new stake in Gevo in the 3rd quarter worth approximately $29,000. Financial Advocates Investment Management purchased a new position in shares of Gevo in the third quarter valued at $114,000. Alternative Investment Advisors LLC. purchased a new position in shares of Gevo in the second quarter valued at $51,000. Point72 DIFC Ltd bought a new stake in Gevo in the second quarter worth $64,000. Finally, XTX Topco Ltd raised its stake in 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 in the last quarter. 35.17% of the stock is currently owned by hedge funds and other institutional investors.

Gevo Stock Performance

NASDAQ GEVO opened at $1.46 on Friday. The business’s 50 day moving average price is $1.93 and its 200-day moving average price is $1.22. Gevo, Inc. has a fifty-two week low of $0.48 and a fifty-two week high of $3.39. The company has a market cap of $349.53 million, a P/E ratio of -4.29 and a beta of 2.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

GEVO has been the subject of a number of recent research reports. HC Wainwright reissued a “buy” rating and issued 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 Company 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.