Grantham Mayo Van Otterloo & Co. LLC Trims Position in Gevo, Inc. (NASDAQ:GEVO)

Grantham Mayo Van Otterloo & Co. LLC lowered its position in shares of Gevo, Inc. (NASDAQ:GEVO) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,893,749 shares of the energy company’s stock after selling 114,900 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Gevo were worth $6,048,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Gevo during the fourth quarter worth $59,000. Point72 Asset Management L.P. lifted its position in Gevo by 54.2% during the third quarter. Point72 Asset Management L.P. now owns 2,312,870 shares of the energy company’s stock worth $3,770,000 after buying an additional 812,870 shares during the period. Amundi acquired a new stake in Gevo in the 4th quarter worth about $301,000. SBI Securities Co. Ltd. purchased a new stake in Gevo in the 4th quarter valued at about $468,000. Finally, Ballentine Partners LLC acquired a new position in shares of Gevo during the 4th quarter valued at about $54,000. 35.17% of the stock is owned by hedge funds and other institutional investors.

Gevo Stock Performance

Gevo stock opened at $1.03 on Monday. The company has a market cap of $246.80 million, a price-to-earnings ratio of -3.03 and a beta of 2.62. Gevo, Inc. has a 12 month low of $0.48 and a 12 month high of $3.39. 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 stock’s 50-day moving average is $1.47 and its 200-day moving average is $1.76.

Gevo (NASDAQ:GEVO) last posted its quarterly earnings results on Thursday, March 27th. The energy company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.02. The firm had revenue of $4.15 million for the quarter, compared to analyst estimates of $3.85 million. Gevo had a negative net margin of 510.04% and a negative return on equity of 14.95%. Equities analysts anticipate that Gevo, Inc. will post -0.42 earnings per share for the current year.

Analyst Ratings Changes

GEVO has been the topic of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $14.00 target price on shares of Gevo in a research report on Friday, March 28th. UBS Group lowered their price objective on shares of Gevo from $3.25 to $1.15 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd.

About Gevo

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.