Barclays PLC Grows Stock Position in LanzaTech Global, Inc. (NASDAQ:LNZA)

Barclays PLC grew its position in shares of LanzaTech Global, Inc. (NASDAQ:LNZA) by 322.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,226 shares of the company’s stock after purchasing an additional 122,289 shares during the period. Barclays PLC owned approximately 0.08% of LanzaTech Global worth $306,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LNZA. Geode Capital Management LLC increased its stake in LanzaTech Global by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,237,303 shares of the company’s stock worth $4,274,000 after buying an additional 23,023 shares during the period. State Street Corp increased its position in shares of LanzaTech Global by 6.3% during the third quarter. State Street Corp now owns 1,610,965 shares of the company’s stock worth $3,077,000 after acquiring an additional 95,725 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of LanzaTech Global by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 756,552 shares of the company’s stock worth $1,445,000 after acquiring an additional 25,629 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in LanzaTech Global by 433.7% in the second quarter. Bank of New York Mellon Corp now owns 312,021 shares of the company’s stock valued at $577,000 after purchasing an additional 253,562 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in LanzaTech Global by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 227,627 shares of the company’s stock valued at $435,000 after purchasing an additional 18,391 shares in the last quarter. 17.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TD Cowen reduced their target price 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 Down 2.6 %

NASDAQ:LNZA opened at $1.52 on Monday. The company has a debt-to-equity ratio of 6.64, a quick ratio of 2.91 and a current ratio of 2.91. The company has a market capitalization of $300.60 million, a price-to-earnings ratio of -2.34 and a beta of 1.35. LanzaTech Global, Inc. has a one year low of $0.84 and a one year high of $5.01. The stock has a 50-day simple moving average of $1.31 and a 200 day simple moving average of $1.57.

LanzaTech Global (NASDAQ:LNZA) last issued its earnings results on Friday, November 8th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.16). The firm had revenue of $9.94 million during 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 quarter in the previous year, the business posted ($0.13) EPS. Sell-side analysts predict that LanzaTech Global, Inc. will post -0.69 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.