LanzaTech Global, Inc. (NASDAQ:LNZA) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of LanzaTech Global, Inc. (NASDAQ:LNZA) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,237,303 shares of the company’s stock after acquiring an additional 23,023 shares during the period. Geode Capital Management LLC owned 1.13% of LanzaTech Global worth $4,274,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new position in shares of LanzaTech Global during the second quarter worth approximately $26,000. Principal Financial Group Inc. purchased a new position in LanzaTech Global in the 2nd quarter valued at $28,000. Intech Investment Management LLC purchased a new position in LanzaTech Global in the 3rd quarter valued at $29,000. SG Americas Securities LLC acquired a new position in LanzaTech Global in the 3rd quarter valued at $72,000. Finally, The Manufacturers Life Insurance Company purchased a new position in LanzaTech Global during the 2nd quarter worth $92,000. Hedge funds and other institutional investors own 17.76% of the company’s stock.

LanzaTech Global Stock Performance

LanzaTech Global stock opened at $1.68 on Monday. LanzaTech Global, Inc. has a 52 week low of $0.84 and a 52 week high of $5.01. The stock has a fifty day moving average price of $1.33 and a 200 day moving average price of $1.57. The firm has a market capitalization of $332.25 million, a P/E ratio of -2.58 and a beta of 1.35. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 6.64.

LanzaTech Global (NASDAQ:LNZA) last posted its earnings results on Friday, November 8th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.16). The business 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 previous year, the firm posted ($0.13) EPS. Equities research analysts anticipate that LanzaTech Global, Inc. will post -0.63 earnings per share for the current year.

Analyst Ratings Changes

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

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.