The Manufacturers Life Insurance Company Invests $92,000 in LanzaTech Global, Inc. (NASDAQ:LNZA)

The Manufacturers Life Insurance Company bought a new position in LanzaTech Global, Inc. (NASDAQ:LNZA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 49,559 shares of the company’s stock, valued at approximately $92,000.

A number of other large investors have also bought and sold shares of the business. Bank of New York Mellon Corp raised its position in LanzaTech Global by 433.7% in the 2nd 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. Healthcare of Ontario Pension Plan Trust Fund lifted its position in LanzaTech Global by 14.4% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 207,940 shares of the company’s stock worth $644,000 after buying an additional 26,097 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in LanzaTech Global during the 2nd quarter worth about $251,000. Principal Financial Group Inc. bought a new stake in LanzaTech Global during the 2nd quarter worth about $28,000. Finally, XTX Topco Ltd acquired a new stake in LanzaTech Global in the 2nd quarter valued at about $26,000. 17.76% of the stock is currently owned by institutional investors.

LanzaTech Global Price Performance

Shares of LNZA stock opened at $1.88 on Monday. LanzaTech Global, Inc. has a 1 year low of $1.16 and a 1 year high of $5.73. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.43. The firm’s 50 day moving average is $1.62 and its 200-day moving average is $2.05. The firm has a market capitalization of $371.72 million, a price-to-earnings ratio of -3.84 and a beta of 1.57.

LanzaTech Global (NASDAQ:LNZA) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The firm had revenue of $17.38 million for the quarter, compared to analyst estimates of $14.68 million. LanzaTech Global had a negative return on equity of 96.75% and a negative net margin of 143.76%. During the same period in the prior year, the company posted ($0.14) EPS. Sell-side analysts forecast that LanzaTech Global, Inc. will post -0.46 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.