Intech Investment Management LLC Invests $29,000 in LanzaTech Global, Inc. (NASDAQ:LNZA)

Intech Investment Management LLC acquired a new stake in LanzaTech Global, Inc. (NASDAQ:LNZA) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,074 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of 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 worth $577,000 after acquiring an additional 253,562 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in LanzaTech Global in the 2nd quarter valued at approximately $251,000. The Manufacturers Life Insurance Company acquired a new stake in LanzaTech Global in the second quarter valued at approximately $92,000. SG Americas Securities LLC bought a new stake in shares of LanzaTech Global during the third quarter worth $72,000. Finally, Principal Financial Group Inc. acquired a new position in shares of LanzaTech Global during the second quarter worth $28,000. Institutional investors own 17.76% of the company’s stock.

Analyst Ratings Changes

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

LanzaTech Global Stock Down 2.9 %

Shares of NASDAQ LNZA opened at $1.01 on Tuesday. LanzaTech Global, Inc. has a 1 year low of $0.95 and a 1 year high of $5.73. The company has a debt-to-equity ratio of 6.64, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market cap of $199.74 million, a PE ratio of -1.55 and a beta of 1.42. The company has a 50 day simple moving average of $1.57 and a 200 day simple moving average of $1.72.

LanzaTech Global (NASDAQ:LNZA) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.16). LanzaTech Global had a negative net margin of 223.03% and a negative return on equity of 180.10%. The business had revenue of $9.94 million for the quarter, compared to the consensus estimate of $17.87 million. During the same period in the previous year, the business posted ($0.13) EPS. On average, research analysts forecast that LanzaTech Global, Inc. will post -0.63 EPS for the current year.

LanzaTech Global 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.