State Street Corp Has $1.37 Million Stake in Gevo, Inc. (NASDAQ:GEVO)

State Street Corp cut its holdings in shares of Gevo, Inc. (NASDAQ:GEVO) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 842,442 shares of the energy company’s stock after selling 12,800 shares during the quarter. State Street Corp owned 0.35% of Gevo worth $1,373,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in GEVO. Lauterbach Financial Advisors LLC bought a new position in Gevo during the 3rd quarter worth $29,000. Alternative Investment Advisors LLC. acquired a new stake in shares of Gevo during the 2nd quarter worth $51,000. Point72 DIFC Ltd bought a new position in shares of Gevo in the second quarter worth $64,000. XTX Topco Ltd raised its stake in Gevo by 61.8% in 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. Finally, Cubist Systematic Strategies LLC acquired a new position in Gevo in the second quarter valued at about $112,000. 35.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GEVO shares. HC Wainwright reiterated a “buy” rating and set a $14.00 price objective on shares of Gevo in a research note on Wednesday, November 13th. UBS Group increased their price target on shares of Gevo from $0.85 to $3.25 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd.

Gevo Price Performance

Gevo stock opened at $2.32 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.05 and a current ratio of 8.25. Gevo, Inc. has a 52 week low of $0.48 and a 52 week high of $3.39. The stock has a market capitalization of $555.42 million, a P/E ratio of -6.82 and a beta of 2.83. The stock has a fifty day moving average of $1.77 and a 200-day moving average of $1.31.

Insiders Place Their Bets

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