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, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Lauterbach Financial Advisors LLC purchased a new position in shares of Gevo during the third quarter worth approximately $29,000. Alternative Investment Advisors LLC. bought a new stake in Gevo in the second quarter worth $51,000. Point72 DIFC Ltd purchased a new stake in Gevo during the second quarter valued at about $64,000. XTX Topco Ltd grew its stake 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 buying an additional 51,057 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Gevo in the second quarter worth about $112,000. Hedge funds and other institutional investors own 35.17% of the company’s stock.

Gevo Stock Down 0.7 %

NASDAQ GEVO opened at $1.51 on Thursday. Gevo, Inc. has a 1 year low of $0.48 and a 1 year high of $3.39. The stock has a market capitalization of $361.50 million, a PE ratio of -4.44 and a beta of 2.83. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.25 and a quick ratio of 8.05. The business’s 50-day moving average is $1.87 and its 200 day moving average is $1.25.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GEVO. UBS Group increased their target price on Gevo from $0.85 to $3.25 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. HC Wainwright reaffirmed a “buy” rating and issued a $14.00 target price on shares of Gevo in a research note on Wednesday, November 13th.

Insider Transactions at Gevo

In other 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 directly owns 332,430 shares of the company’s stock, valued at approximately $787,859.10. This trade represents a 7.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul D. Bloom sold 16,000 shares of Gevo 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 sale, the insider now directly owns 947,882 shares in the company, valued at $2,900,518.92. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

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.